Standard Chartered’s corporate, commercial and institutional banking, and consumer, private and business banking businesses in Jordan will move to AJIB
The central banks announced interest rate hikes by 25 basis points
The deal is the largest of its kind signed in the Saudi banking industry
The IPO subscription period will run until March 23 for the UAE retail offering and March 24 for the qualified investor offering
The MoU will enable joint experimentation with regard to CBDCs and facilitate other digital innovation initiatives between the central banks
The bank is committed to developing financial solutions that help businesses scale up operations while achieving their ESG objectives
First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC
The listing is the latest in a series of IPOs in the Gulf region as governments seek to bring more international investors into their markets
The fund aims to give clients access to daily redemptions without locking capital up in long-term, fixed instruments
The conglomerate’s revenues surged by 78 per cent to Dhs50.9bn, driven by growth across all verticals and the company’s strategic acquisitions in 2022
The company’s declared a dividend of $19.5bn for the final quarter of 2022, a 4 per cent increase compared to the previous three-month period
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The road-toll operator said the number of revenue-generating trips jumped 13 per cent to 413 million trips compared to 367 million in 2021
The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9
More than half of FAB’s bond issuances in 2022 were in a ‘green’ format, with the bank aiming to further grow its range of sustainable offerings
The investments increased by 3.25 per cent or Dhs16.6bn on a monthly basis
Emirates Development Bank’s financing contributed Dhs3.5bn to the UAE’s non-oil GDP and helped create more than 12,000 industrial jobs
The UAE is already an important market for Edmond de Rothschild, and the new presence will enhance its ability to serve the clients in the region
ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43
The project is expected to stimulate commercial activities and improve transport links between the main cities in the country
Dubai International Financial Centre is offering reduced licensing fees and capital requirements for hedge funds domiciling a domestic fund
The entities will jointly drive UAE national work placements and offer finance training, SME financing platforms, a fintech sandbox and corporate innovation programmes
The two parties will jointly organise workshops, training and awareness programmes to exchange knowledge and experience
As part of the agreement, training courses, seminars and conferences will be convened to raise awareness and understanding of AML/CTF
Behavioural biometrics can help financial businesses authenticate users without purchasing any extra hardware or negatively affecting their user experience
The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC
The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase
In November last year, DIB priced its inaugural sustainable sukuk, a $750m five-year senior issue with a profit rate of 5.493 per cent per annum
Saudi Tabreed currently manages 779,000 tonnes of refrigeration (TR) via contracts with major companies in Saudi Arabia
The first stage of the programme will see the launch of the Card Domestic Scheme, an instant payments platform, and the issuance of Central Bank Digital Currency