The capital raised by the sukuk will be used for general corporate and growth purposes including refinancing debt
Investing requires a long-term approach to yield better results, opines entrepreneur and investor Shailesh Dash in his new series
As Covid-enforced social distancing measures became commonplace, Bahrainis turned increasingly online to conduct financial services
The key for investors is to find the asset mix that not only improves their returns, but more-so their decision-making process
It covers the payment of instalments and interests over the period from January 1 to December 31, 2020
The company is building a managed marketplace for users to search, transact, and finance residential real estate
The Central Bank of the UAE has said that the support provided to non-profit organisations is expected to increase in 2020
DFM had announced the temporary closure of the premises on March 16 in the wake of the Covid-19 pandemic
There is a total of $71.09bn sukuk now listed on the exchange
The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World
The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets
The latest listing raises the total value of sukuk listed in Dubai to $69.29bn
UAE-based Finance House offers the Al Rabeh Guarantee service to support local businesses
More than 140,000 eligible customers have already benefited from the TESS liquidity facility
The offering will comprise of 27,180,000 ordinary shares
It contributed 9.9 per cent to Dubai’s GDP in 2018
The top five destination countries for remittances were India, Pakistan, Philippines, Egypt and the US
Wealth managers need to adopt sophisticated tools such as robo-advisors to stay relevant and offer the best service to their clients, says IT firm Comarch
A sale could happen as soon as this week and proceeds will be used for general budgetary needs, sources said
The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook
Banks are trying to find ways to accommodate growing investment demands from cash-rich clients
UAE Exchange, which operates more than 100 branches across the country, stopped all transactions in March
An interest-free loan programme for military personnel which covers 20 per cent of a property will be suspended from May 31
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor said in April
The kingdom has hiked its VAT rate from 5 per cent to 15 per cent starting July 1
Its net loans stood at Dhs247bn and customer deposits at Dhs263bn as of the end of Q1 2020
Last year, Kuwait Finance House offered to buy Ahli United Bank in an all-share deal that was valued at about $8.8bn
The London-listed company, Finablr, had a market value of GBP77m when it was halted from trading in March, down from a peak of GBP1.5bn in December
While there remain pockets of opportunity, investors should ensure they have sufficient liquidity right now, stresses Vijay Valecha, chief investment officer at Century Financial
Waha Capital posted a loss of Dhs616m for 2019