The uncertainty seen globally calls for a much more selective investment approach and careful management of downside risks through proper diversification and suitable hedges in the months ahead
The index will track the performance of companies listed as Shariah-compliant on the Saudi stock exchange
Kraken was the first global exchange to have received a full license to operate a regulated virtual asset exchange platform in the Abu Dhabi Global Market
The Buna platform offers stringent levels of governance and transparency through increased oversight from central banks as well as effective reporting and compliance mechanisms
Since its inception in 2017, a total of 130 companies have applied to enter the ITL programme, with 67 applicants being accepted so far
The agreements were signed with the Electricity and Water Authority in Bahrain
The transaction, upon completion, will see UAE-based Agthia owning 60 per cent of Egypt’s Auf Group
GFH Financial Group’s investment strategy in the student housing sector is focused on building a diversified portfolio that comprises top universities in the US
The potential combination would create the Gulf’s seventh-largest lender with $115bn in assets
Tabadul will enable investors to trade directly on both exchanges through licensed brokers across the two markets
Copper fell 1.1 per cent to $7,589 a ton on the London Metal Exchange as of 11.03am in Shanghai, dipping below the $7,597 intraday low on Tuesday
The company plans to complete its Series A by the end of the year
A total of 625,000,000 shares, equivalent to 12.5 per cent of Tecom Group’s issued share capital, were issued
Zand is now authorised and regulated to operate as a fully independent commercial bank
Assets under management for crypto investment products in June reached a record low
The merged company started trading on the Dubai Financial Market from July 4
Do women trade differently than men?
The pact will help increase annual bilateral trade to $10bn within five years by removing trade barriers on a range of goods and services
Zand’s backers include Franklin Templeton, Aditya Birla Group, Al Hail Holding, Global Development Group and Yusuff Ali of Lulu Group
CM Naveen Patnaik met key UAE business groups as part of an investment roadshow to promote investment in the state’s industrial sector
Bitcoin has been sinking along with riskier assets in recent months
The lab will run business and technical deep-dive workshops, facilitate industry and regulatory forums on important issues such as API standards and consumer consent management
The new contracts mark the second derivatives product to be introduced in the exchange
It appears to have found support around its 200-week moving average, which currently sits near $1,200
The bonds will be issued with a 10-year tranche and a 30-year Formosa tranche
“We will look to the right time to apply such taxes” – Finance Minister Ali Al Kuwari
The bonds were largely issued as part of TAQA’s Global Medium Term Note Programme and are listed on the London Stock Exchange
ADIB and Visa’s partnership will drive the growth of digital payments through data-led solutions and deliver differentiated products in the market
The figures were cited in an economic report issued by the Saudi Chambers of Commerce and Industry during Saudi Crown Prince Mohammed bin Salman’s visit to Jordan
In addition to ADIA and ADQ, Kuwait Investment Authority and Qatar Investment Authority were among the GCC entities present at the forum