The importance of effective enterprise risk management has never been more crucial for senior finance executives, says Stephen McNally, CMA, CPA, chair of Institute of Management Accountants’ global board of directors for the 2021-2022 fiscal year
Cryptocurrencies have been battered this year as the Fed hiked rates amid elevated inflation readings
The transition finance facility aims to support Lafarge Emirates Cement with their latest project, a waste heat recovery system that supports the company’s journey to net zero by 2050
Bullion is hovering near a two-week low after the US dollar and bond yields rose Wednesday
The bank is looking for fintechs, digital experience startups and emerging technology players operating to support its immersion into the virtual world
The acquisition is part of the previously announced $1.4bn investment by Apollo into Aldar’s transformational growth initiatives
The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.
The wealth fund is boosting its investments in equities as Saudi Arabia’s income from oil almost doubled in the second quarter
Fitch raised Oman’s long-term foreign-currency rating by one notch to BB
Investors are also facing the prospect of rising supply as demand moderates
Gold’s next move may hinge on the minutes from the Fed’s July meeting
Dubai Gold and Commodities Exchange-licenced brokerage companies can acquire a range of DFM derivatives membership licenses, including trading brokerage, and trading and clearing brokerage
Total income for H1 2022 was $182.76m versus $181.01m for the 2021 period, an increase of 1 per cent
The first half of the year saw Salama establishing new strategic tie-ups with banks in the UAE to provide omnichannel Takaful solutions to bank customers
In the second quarter, Shuaa and its subsidiaries reported a net operating income of Dhs6m compared to Dhs24m in Q1 2022
Bayzat will use the fund, secured with Mohammed Bin Rashid Innovation Fund’s guarantee, to expand and strengthen its technical development team
Secura International, headquartered in Abu Dhabi, offers investment and wealth solutions to high-net worth markets in the Middle East, Asia and Africa
The growth in the profit was driven by the continued strong performance of the group’s manufacturing, contracting and services segment
ADNIC reported that gross written premiums increased by 20.9 per cent to Dhs3.23bn in H1 2022, compared to Dhs2.67bn for the same period in 2021
Domestic deals were the major contributor of merger and acquisition activity in the region, representing 48 per cent of the total deal volume in H1 2022
The new requirements ensure the development of regulatory frameworks, leaving little or no room for manipulation or illegal practices
The holding company’s revenue grew by 121 percent to Dhs21.93bn in the first six months of 2022
According to the World Gold Council, an analysis of gold futures positioning also suggests that gold could rebound in the near term
Public spending included Dhs28.7bn spent on employee compensation payments compared to Dhs24.6bn in the same reporting period in 2021
The new centre, which is scheduled to be launched on September 1, will provide a full range of services and accreditation to businesses and advisors who meet DIFC’s standards
The official reserves stood at QAR153.890bn by the end of July, a considerable rise over last year’s reserves of QAR4.775bn
The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals
EDB mobilised Dhs351m in capital in H1 2022 to support SMEs via its credit guarantee scheme
Financial businesses should use a platform to manage their data to keep up with the technological advancements they are currently, or gradually planning on, implementing
Meta may sell $8bn to $10bn of debt depending on demand, with proceeds used for general corporate purposes