The funds from the group will be deployed over the next three years to cover the import costs of seeds, grains and fertilisers and alleviate food supply challenges
FADX 15 futures are cash-settled contracts that will replicate the price performance of the benchmark FADX 15 index
The A/B loan structure will help support APICORP’s less developed member countries and encourage private sector participation
Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors
Bonds amounting to Dhs750m will be offered for a two-year tranche, and Dhs750m for a three years tranche
Alhokair family has acquired a 4.99 per cent stake in valU through a capital injection of $12.4m, signifying a valuation of $247.4m for the company
It will enable the department to increase productivity, reduce costs and improve controls and optimise its supply chain management
Bitcoin is down about 57 per cent since the start of the year
Sohar International recorded a 41.6 per cent increase in net profit to OMR28.3m for the year ended December 31, 2021
Fintechs, startups and financial institutions can now plug and play into NymCard’s modern BaaS infrastructure to issue their own Mastercard cards
The final offer price is expected to be announced on June 27, 2022
Central banks across the GCC have also raised their interest rates
The Bahraini women are among a growing number of females taking on leadership roles across the Gulf region
The new portal will enable fintech developers to use the lender’s APIs for the purpose of developing their own applications
Trends show investors have been buying bonds in a range of financial and corporate issuers, where yields provide a boost to the income the funds produce
The world’s largest digital token tumbled as much as 6.4 per cent to $25,593, its lowest level since May 12
Millennials and Gen Z are increasingly take their place in the boardrooms of family businesses
Whether you’re Poland or Peru should make a big difference in deciding just how big a priority a central bank digital currency should be
ECA International analyses the cost of consumer goods and services in more than 490 locations worldwide, while accommodation data is also factored in
Aimed at serving the large population of underbanked people in region, the pre-paid card will go live in the third quarter of the year
International banks including Citigroup and Bank of America have been expanding in the kingdom
Sheila Alrowaily is among a growing number of women taking on leadership roles in finance across the Gulf region
UAE imports from GCC countries in 2021 increased to Dhs56.3bn, compared to Dhs43.8bn in 2020
Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors
The fund will be dedicated to tech startups and companies specialised in sectors such as telecommunications, financial services and education, among others
The company plans to hire 120 employees in Dubai across the R&D, product, operations and HR departments within the next 18 months
The company expects to pay a dividend amount of Dhs800m per annum over the next three years
First Abu Dhabi Bank and ADGM will support each other’s key initiatives and jointly organise industry workshops and innovation programmes
Julius Baer has hired Slim Bouker, Doha Bank’s head of private banking, to oversee the expansion
Bitcoin has been strongly correlated with risk assets for much of the past couple years