The deal is the largest of its kind signed in the Saudi banking industry
Fitch Ratings, one of the big three rating agencies, assigns Saudi Arabia the same score as S&P Global while Moody’s has it one level higher
Verofax is currently at the scale-up stage, providing marketing core competency solutions to six of the world’s top 100 global brands
The Devmark Group is the exclusive sales and marketing partner for Expo City Dubai’s residential offerings
The kingdom has built a financial services sector comprising more than 360 local, regional and global institutions
The IPO is Abu Dhabi Securities Exchange’s second listing this year and it was oversubscribed by 136 times
Yazeed Saleh Aldemaigi, deputy of strategy and international affairs at Capital Market Authority didn’t give a time frame for when the framework could be introduced
Majid Al Futtaim’s latest ‘State of the UAE Retail Economy’ Q4 report, revealed that e-commerce sales continued their strong upward trajectory, more than doubling to $6bn in 2022 from $2.6bn in 2019
The facility will help finance the growing demand for bringing the buy now, pay later products in the GCC while continuing its growth across new verticals
The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn
The two countries agreed to enhance joint efforts to implement the MoU that was signed recently
The logistics firm said the broadening of strategic partnerships and monetisations of its assets in 2022 strengthened its balance sheet
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 board of directors proposed a cash dividend of 25 fils per share for H2 2022, following a semi-annual dividend of 10 fils earlier last year
The group’s shareholders approved the board’s recommendation to distribute the dividend in April 2023
The bank is committed to developing financial solutions that help businesses scale up operations while achieving their ESG objectives
The strategy aligns with the fund’s aim to support the private sector in increasing its contribution to GDP by up to 65 per cent by 2030
The dividend is equivalent to 15 fils per share
The company is committed to creating a more equitable world for all and this project marks the company’s latest milestone
The savings platform is part of the Mohammed Bin Rashid Innovation Fund’s (MBRIF) Innovation Accelerator programme
The event will offer attendees exclusive seminars, workshops, and inspirational talks from industry leaders in the creative sector
The carrier continues to scale up its A380 operations with the reintroduction of the aircraft across its network
The summit supports international brands looking to either establish an in-market presence or sell via cross-border ecommerce to the UAE
However, schools with a rating below ‘Acceptable’ are not eligible to increase the tuition fee
The bank is a financial enabler of the UAE’s economic diversification and industrial transformation agenda
The promotion is valid on return and one-way journeys on Etihad-operated flights booked on the carrier’s website
Number plates of two, three, four and five digits will be on offer
Financial aid for all supported businesses will increase by up to 30 per cent to help inventors during the critical invention phase
The IPO is the largest ever in Abu Dhabi and the largest globally, year to date, as the emirate is expecting eight more listings