#finance
The five-year sukuk was oversubscribed nearly three times
He was formerly appointed as CEO of Abu Dhabi National Energy (TAQA)
The new federal budget is 5.2 per cent lower than the 2020 figure of Dhs61.35bn
Swiss wealth manager Bank Julius Baer’s head of Equity Research, Patrik Lang, provides an overview of the current investment landscape
It reported a nine-month net profit from January-September 2020 of Dhs2.802bn, down 33 per cent compared to Dhs4.196bn in the corresponding period last year
The airline has committed to net zero carbon emissions by 2050 and a 50 per cent reduction in net emissions by 2035
Gulf Business speaks to Ludovic Pernot, head of Private Banking Middle East at LLB, on the Covid crisis and plans ahead
The Nasdaq Dubai Growth Market will be operational by early 2021
Investing in payment digitisation will drive financial inclusion, economic growth and wellbeing in today’s new reality
The overall value of economic support provided by the emirate in 2020 has risen to Dhs6.8bn
The UAE, US and Israel also established a $3bn Abraham Fund to help stimulate private sector-led investments across the region
New projects worth over Dhs80bn are either ongoing or envisaged for completion over the next five years
ICE had announced plans in November last year to launch the platform in partnership with ADNOC
The new equity futures platform is slated to launch on October 18
ADIO will help connect Israeli companies with strategic entities and grant them access to resources in Abu Dhabi
The 10-year Euro Medium Term Note Programme reached maturity on October 5
The latest listing brings the bank’s current sukuk value on the exchange to $1.5bn
Xare allows users share access to their account and credit card with friends and family
The smartSCF platform will provide automated tools to optimise working capital and reduce transaction costs
Rising global digitisation due to the pandemic has been a catalyst for companies in the cloud computing and data analytics space, opines entrepreneur and investor Shailesh Dash
Gulf Business talks to Wissam Khoury, head of international at Finastra, on the state of Open Banking in the GCC
DAFZA will provide incentives to Israeli companies wishing to establish their businesses within the emirate
Many SMEs do not have access to bank borrowings, purely because banks are generally reluctant to provide funding to companies that have smaller balance sheets
Europe’s largest bank has been named as a possible candidate for China’s “unreliable entity list”
ADIO will subsequently open offices in Europe, North America and Asia
Bank Leumi currently holds approximately 30 per cent market share in the Israeli banking system
The agreement will allow Israeli clients to transact directly in the UAE
The federal government’s total revenues were reported at Dhs34.7bn
UAE-based LuLu Exchange contributes to nearly 1.7 per cent of the global remittance inflows, reveals Ahamed