The GCC region has proven to be one of the most kinetic deal markets in the world in 2023, with dealmakers expected to remain relatively active in the near future
The growth in outstanding sukuk is attributed to several factors that are driving the issuance of Islamic bonds including issuers that seek to plug budget deficits
Hear from an expert on the UAE’s newly implemented end-of-service benefits scheme
The central bank said cash deposits during the first ten months of 2023 soared by 8.12 per cent or Dhs51.6bn
With this transaction, the BNPL platform will have raised a total of $500m in equity funding, and well above $400m in debt financing
The venture will seek and leverage investment opportunities to generate sustainable financial returns on deployed capital
The go-live implementation is expected to take place early next year and once operational, investors will gain the ability to directly trade on both exchanges through licenced brokers
GenAI is an excellent tool to improve research for faster processing of more data from a wider range of sources to support decision-making
The launch of the new account falls under the bank’s Climb2Change global initiative and aims to safeguard wildlife and biodiversity
The private bank said to grapple with the prospect of more meaningful inflation in 2024 and beyond, investors might first look to equities
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
The country has been encouraging issuers to raise green and sustainability-linked bonds, and sukuk to accelerate its transition to a low-carbon economy
The newly established fund will hold stakes in entities including utility giant Dubai Electricity and Water Authority, toll operator Salik and Dubai Taxi Company
Looking ahead to 2024, Saxo Bank sees a world at an inflection point, with the familiar road of the last decade coming to an end
Embracing tools such as VAT Filing Reconciliation and Assistance and Accounts Payable Automation becomes crucial to ensure efficient, accurate tax operations and compliance
The licence would have allowed the crypto exchange firm to manage a collective investment fund
The bank’s commitment to sustainable finance is part of its Climb2Change global initiative
The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority
In addition to the commitment, the CBUAE highlighted the solutions of the COP28 UAE TechSprint – a global initiative launched by the central bank
In a statement to be announced at COP28, the World Bank and regional peers, said the window of opportunity to secure a liveable planet was “rapidly closing”
The broadcaster plans to use the proceeds to repay debt, enhance its financial flexibility and invest in new content for Shahid
Based on the final offer price, the company’s market capitalisation upon listing is expected to be approximately Dhs4.6bn
The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia
The bank had set up a legal entity in ADGM in 2021, but has had a physical presence in the UAE for more than a decade
DFM will commence the pilot programme for institutional investors starting from December 4-8, with the offsetting period ending on January 10, 2024
The banking and transportation divisions’ respective contributions to the wealth fund’s profit soared by Dhs8.2bn and Dhs7.7bn
The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation
The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme
Zhao, who was born in China and moved to Canada at the age of 12, pleaded guilty in a Seattle court on Tuesday afternoon
The country’s financial markets possess significant potential and flexibility, combined with its continuous commitment to innovation and development