The lender has also expanded the responsibility of existing senior management team members
Americana and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn
Goldman’s net revenues in wealth management were $1.6bn in the third quarter
S&P Global Ratings expects stronger economic growth in core Islamic finance countries and will boost industry assets about 10 per cent during 2022–2023
Revenues are now set to reach SAR1.13tn, slightly more than projected earlier
DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world
This step further enhances the Saudi Exchange’s appeal as an investment destination for investors and issuers, regionally and internationally
Luberef becomes the latest billion-dollar plus IPO in the Gulf
Remittances to the developing countries of the MENA region are estimated to have grown 2.5 per cent in 2022 to $63bn, compared to a 10.5 per cent growth last year
The CBUAE is the first in the region to issue the largest multi-coloured Kinegram surface applied foil stripe in the new banknote issue
The package will benefit 1,900 citizens in the emirate
With a target of $75bn in green financing for the period ranging from 2022-2030, FAB will be a strategic enabler of the UAE’s sustainable future
Emirates NBD Pay will offer card acceptance solutions to the bank’s existing and potential institutional banking clients in the UAE
The establishment of digital asset and virtual asset regulatory frameworks has placed Abu Dhabi, on the map as a regional and global virtual assets trading centre
The new programme will support and encourage UAE citizens with various specialisations to enter into the financial and accounting sectors
Abu Dhabi’s non-oil GDP grew to Dhs273bn, contributing more than 50 per cent to the emirate’s real GDP
ADX has witnessed strong year-to-date growth in the ETF market’s trading activity with around 12,500 trades of 243 million units
The transaction marked the largest issue size in international capital markets by a GCC bank since February 2022
The awards celebrated stalwarts and companies from across the region’s business landscape
The Public Investment Fund is in talks with Singapore’s GIC Pte to jointly fund up to 800bn won ($591m) ahead of Kakao Entertainment’s initial public offering due next year
Details on the size of the fund and the projects to support are still not decided and it’s likely several weeks before the vehicle takes off
The developed indices provide various market participants with investable and tradeable benchmarks for the DFM equity market
The OPEC member recorded the highest non-oil revenue in seven years, up 38.5 per cent to KD2.4bn
The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services
The initiative aims to support investor participation for upcoming listings
Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units
Empower is Dubai’s fourth privatisation in recent months
The fund now manages over OMR16bn of assets in 40 countries and has achieved an annual average return of 10.3 per cent
Listings in the Middle East have seen strong investor interest
First Abu Dhabi Bank has structured green financing for the development of renewable energy projects, the construction of energy efficient buildings and infrastructure development for sustainable water management