The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn
Findings from Edelman Smithfield’s UAE Investor Pulse Survey 2024, show that 67 per cent of respondents agreed that having two distinct exchanges benefits the UAE capital markets
Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times
St. James’s Place’s (SJP) head of Asia and Middle East Investment Advisory offers a strategic perspective on investments, the importance of diversification and the firm’s foray into Dubai
The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank
Entities within the centre are required to implement proportionate arrangements to support effective whistleblowing by May 31, 2025
Enhancing the investment acumen of the next generation will serve a grander purpose – it will support the stability and sustainability of the region’s capital markets
The ETF offers investors access to a diversified portfolio of Shariah-compliant corporate and government sukuks across several global markets
The new fund attracted 188 investors from Europe, the Americas, the Middle East and Asia
Under Vision 2030, Saudi Arabia has poured hundreds of billions of dollars through the fund into projects, including NEOM
Saudi Arabia emerged as the leading issuer, accounting for $3.98bn from five sukuk, while the UAE contributed the remaining $2.25bn
The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy
The index will provide a deeper understanding of the role and impact of family businesses on the economy and society
Investors should assess their portfolios, consider strategic adjustments to mitigate risks and capitalise on opportunities, advises the head of Strategy at Saxo Bank
The top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait, Saudi Arabia and the UAE
These projects, led by the Ministry of Finance, are part of the UAE’s comprehensive strategy to future-proof its economy and reinforce its status as a leading global financial hub
The stock exchange said that the listing will be in three tranches, starting on June 21
The proceeds from the facility will be used for general corporate funding purposes and trade finance requirements of NBE, providing essential support to its operations and growth
This launch marks a major milestone as the first fund structure to be made available to UAE investors under the new UAE regulatory regime for public funds
The platform could help Saudi Arabia with its vast Vision 2030 plan
The service, initially available in Emirates NBD’s branches in the UAE and Saudi Arabia, aims to eliminate payment flow barriers caused by different weekend schedules
While sector-agnostic, the fund will have a strategic focus on climate and energy tech, fintech, supply chain logistics, B2B SaaS and AI
The digital bank and MANTRA will develop frameworks for RWA tokenisation that comply with regulations set by the Dubai’s VARA
According to the Boston Consulting Group report, globally in 2023, assets under management rose by 12 pr cent to nearly $120tn
The mBridge platform is an initiative under the CBUAE’s Financial Infrastructure Transformation programme that seeks to accelerate the digital transformation of the UAE’s financial services sector
The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction
MENA countries have made significant progress in empowering women economically, politically, and socially, and considers women to be key partners in sustainable growth
Financial and insurance activities, transportation and storage, real estate and construction sectors were among the top growth sectors
Courses in an online MBA are designed to be accessed from anywhere in the world, providing access to a global network of faculty and peers
The financial hub said the total number of operational entities jumped by 30 per cent to reach 1,950