Waqar Siddique has withdrawn his Financial Markets Tribunal review and will not contest the regulator’s findings
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
The bank registered Dhs2.45bn in net profit for the first nine months of 2022
The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales
The bank’s operating income increased by 24.3 per cent over the previous year to Dhs5.3bn
BitOasis customers will be able to link their crypto wallet balances to physical or virtual cards and make fiat payments across 90 million global locations using their BitOasis Mastercard Crypto Card
Banks are already facilitating private sector engagement in net zero, and this will deepen in the coming years
The bank reported total income of Dhs9.873bn, rising 10 per cent year-on-year, compared to Dhs8.94bn last year
The bank posted a 10 per cent rise in net interest income, totalling Dhs7.275bn
As the host financial centre for GEFI’s Path to COP28 programme, DIFC will support a series of report launches, roundtables and community engagements during the next 12 months
Aliph Capital will seek to acquire sizeable positions in privately owned mid-market companies across the GCC
The US bank will have doubled the size of its Saudi operations by the end of the year, compared to 2016
The company currently manages around €1bn of European real estate on behalf of Middle Eastern investors
The partnership aims to deploy at least $1bn of long-term capital, providing bespoke credit solutions to companies and sponsors
Arada will use the proceeds from the tap for general corporate purposes and to support the development of its existing projects
To mark the event, ADGM chairman Ahmed Jasim Al Zaabi took a special tour to meet the international and local entities located at the financial centre
The market capitalisation of stocks listed on ADX increased 59.7 per cent to Dhs2.2tn at end of Q3 from Dhs1.38tn during the same period in 2021
The bank’s loan portfolio grew to SAR189bn, marking an increase of 4 per cent during the third quarter
Virtuzone, in collaboration with Wio Bank, will offer entrepreneurs access to banking services through Wio’s SME-focused digital banking application, Wio Business
The agreement provides a framework for further co-operation between the two authorities on regulation, policy and trends in financial services and markets
The new private bank will cater to the needs of clients with investable assets of over $2m
Net profit increased 46.9 per cent year-on-year from $819.9m recorded during the same period last year
Gold was flat at $1,651.49 an ounce by 10.34am Shanghai time
Emirates Development Bank approved Dhs1.3bn towards financing mSMEs and Dhs3.1bn to fund industrial development and infrastructure projects
The initiative will allow new customers to open a bank account with DIB remotely and digitally through face-matching verification
The agreement will see DIFC and Global Start-up Studio Network organise in-person and virtual events for venture studios, and foster collaboration to develop purpose-built frameworks and tools for their use
Bullion is still trading near its lowest level in the month
The subscription period for the listing will open on October 21 and close on October 25
Bitcoin, the largest cryptocurrency by market value, fell as much as 3 per cent on Thursday in New York to $18,585
The company set the final offer price at $26.6 a share, raising $710m after a book-building process for institutional investors