Bal Krishen Rathore

Power Letters 2023: Bal Krishen Rathore, chairman and CEO, Century Financial

Inflation and interest rate forecasts will remain crucial in 2023


Empower rises in Dubai trading debut after $724m IPO

Empower is Dubai’s fourth privatisation in recent months

First Abu Dhabi Bank reports 19% rise in nine-month net profit

The bank’s total income for the first nine months of the year stood at Dhs18bn, up 13 per cent year-on-year over the previous year

First Abu Dhabi Bank

First Abu Dhabi Bank launches multiple-thematic fund

Investors will be able to access multiple investment themes focused on innovation and long-term growth

First Abu Dhabi Bank reports 19% rise in group net profit for 2021

Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase


New Dhs5bn Abu Dhabi IPO fund launched to support SMEs

The fund will invest in five to 10 private companies per year

Dubai’s Emirates NBD signs $750m financing facility with Emirates Airline

Emirates NBD acted as bookrunner, mandated lead arranger and global agent for the transaction

Kuwait names Al-Ghunaiman to head $700bn wealth fund

Al-Ghunaiman replaces Farouk Bastaki, who helped to propel the Kuwait Investment Authority to rank among the world’s biggest wealth funds

Qatar’s first IPO since 2019 sees shares in QLM soar 24%

The listing was the first in Qatar since the debut of dairy producer Baladna at the end of 2019

Saudi Central Bank extends pandemic loan support into next year

The programme has helped banks avoid having to recognise credit as non-performing

UAE Central Bank withdraws Dhs10.9bn in excess liquidity during August

This move came after the central bank met the market needs for liquidity over the previous months

Dubai Customs furnished 452,000 insurance refund requests in H1 2020

The insurance refund requests were valued at Dhs3.2bn

UAE’s Central Bank launches new deposit facility for banks

The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year