The fund aims to close the current funding gap that exists for local and regional entrepreneurs
The project is expected to create significant job opportunities, attract further foreign investment, and contribute to the North African country’s tourism and economic growth potential
Saudi Arabia’s Minister of Investment, Khalid Al-Falih shared these milestones at the third Saudi Capital Market Forum in Riyadh on February 19
Three customers depositing at least Dhs500,000 into their current or savings accounts have the opportunity to win Dhs1m each
The platform currently links 108 out of 120 Arab banks signed up, with a target of 160 by the end of 2024
Dubai lives up to its reputation as the ‘City of Gold’, hosting 72,500 millionaires, 212 of whom are centi-millionaires and 15 billionaires
The bank’s non-interest income reached Dhs3.1bn in 2023, up 13 per cent compared to the previous year
Bond investors are presented with the opportunity to lock in one of the highest yields in more than ten years
The Dubai-based lender proposed a dividend of 120 fils per share for last year, doubling the amount paid to shareholders in 2022
The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year.
Abu Dhabi Islamic Bank is actively working on prioritising substantial investments in renewable energy, clean technology, and eco-friendly projects
The fund offers funding and investment solutions to various investor categories including private sector organisations, SMEs, foreign investors, and startups
The ranking revealed that Saudi’s Aramco retained its status as the most ‘valuable’ Middle Eastern brand in global ranking, followed by ADNOC and stc
Looking at the landscape, 2024 promises to sustain the momentum in the GCC region, with Saudi Arabia taking centre stage, says Gad
The company, which is listed on Riyadh’s Tadawul exchange and manages Saudi German Hospitals, will use the proceeds for general corporate purposes
The statistics authority said rental prices increased by 9 per cent in December 2023
The year ahead brings with it opportunities but uncertainties, highlighting the significance of investors staying vigilant to these evolving market trends
Mashreq is more committed than ever to lead the way in digital innovation, client experience, sustainability, and inclusive growth
GIP is the world’s largest independent infrastructure manager with more than $100bn in AUM and a strong reputation for driving operational improvements in its portfolio companies
The banking group had QAR1.23tn in total assets at the end of December, a 4 per cent increase, driven by growth in loans and advances
The order book for First Abu Dhabi Bank’s sukuk, which was 1.9 times oversubscribed, represented leading investors, including international fund managers, banks and supranationals
This initiative aligns with e& enterprise’s commitment to promoting green business models
The launch of the real-time index advances the Saudi Exchange’s goal to provide investors with enhanced benchmark opportunities to help support Saudi Vision 2030’s Financial Sector Development Program
Al Mazrouei also serves on the boards of Abu Dhabi Retirement Pensions & Benefit Fund and AafaQ Islamic Finance
The financial and insurance sector grew by 14.4 per cent YoY and the value-added by the industry surged to Dhs18.7bn
The newly established fund will hold stakes in entities including utility giant Dubai Electricity and Water Authority, toll operator Salik and Dubai Taxi Company
Embracing tools such as VAT Filing Reconciliation and Assistance and Accounts Payable Automation becomes crucial to ensure efficient, accurate tax operations and compliance
The bank’s commitment to sustainable finance is part of its Climb2Change global initiative
DFM will commence the pilot programme for institutional investors starting from December 4-8, with the offsetting period ending on January 10, 2024
The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme