The banking group’s net profit after tax and minority interest rose by 24 per cent to reach EGP395m
Growth in the country’s payments space is being fueled by a surge in digital transactions and technological advancements such as GenAI
The subscription period will open on Tuesday, November 21
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
The group’s assets edged up by 3.3 per cent to reach Dhs235.6bn, compared to Dhs228bn a year earlier
The investment group acquired a 9 per cent equity stake in the digital bank earlier this year
Employees who sign up can either receive financial benefits after the end of their employment contract or continue investing in the end-of-service scheme
The SPAC raised Dhs1.1bn of growth capital, including Dhs734m from the previously announced PIPE transaction
The IPO pipeline will be driven by Saudi Arabia, where 27 companies have announced their intention to list on the Tadawul
Neobanks have reset the paradigm for the traditional banking industry in terms of customer experience, product innovation and pricing
The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs
The agreed recommendations will now be socialised with national governments ahead of COP28, so the fund can be activated and capitalised
The new decisions reflect the significant role of free zones in the UAE’s economic diversification strategies
Masdar will partner with ADGM to host the forum as part of the special edition of Abu Dhabi Sustainability Week at COP28
The financial watchdog said the fine follows and is connected to the prohibition that was imposed on the lender in May 2021
Cardholders can earn Marriott Bonvoy points on local and international spends as well as on their stays at more than 8,000 hotels around the world
Alpha Dhabi said its diversified portfolio has been a major driver behind the growth in revenue
The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange
The FTA’s new guidelines offer clarity for non-resident persons, who derive income in the UAE, or those who conduct business or part of their business in the UAE
From visa applications to licence renewals, AIX Consultancy offers a comprehensive suite of services that allow clients to focus on their core operations
The fund will play a pivotal role in supporting startups, starting from the pre-seed stage, and extending to the Series B investment stage
GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar
Türkish companies’ end-2023 balance sheets will be inflation-adjusted, with the practice expected to continue until 2026
The new Dhs500 note highlights the UAE’s cultural and tourism landmarks and ‘models’ of sustainability
Some investors also expect a widening crisis could prompt safe-haven buying of Treasuries
Profit for the quarter was Dhs5.2bn, roughly in line with analysts’ median estimate of Dhs5.18bn
The US and China showed signs of growing somewhat faster in the third quarter after a pronounced slowdown in the first half of 2023
The Commercial Bank delivered a record net profit of Dhs1.9bn for the first nine months of 2023
ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi’s global tech ecosystem
The meeting discussed the array of opportunities available for global investors and international companies within the UAE