The bank’s operating income for Q1 2022 reached Dhs412.8m, up 14.6 per cent compared to compared to Dhs360.2m recorded during a year-earlier period
The merged company would benefit from cross-selling opportunities via increased geographic footprint and via capitalising on larger underwriting capacity
The agtech company will use the funds for its global and regional expansion plans, including the expansion of its fresh produce business in the GCC
ADCB reported that its Hayyak onboarding app registered a record number of around 57,000 new customers in a single quarter
The country posted a budget surplus of $545m in the first two months of this year
The funding will cover the construction of up to 453 villas and 133 townhouses as part of the Phase 1 development of Jubail Island
The company processed $640bn in payments in 2021
Kraken has received a Financial Services Permission license to operate a regulated virtual asset exchange platform in ADGM
It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions
Total income increased 3 per cent year-on-year to Dhs6.4bn
This licence marks the first time the DFSA has authorised a firm to provide account information services and payment initiation services activities
The new banknotes are the third issue of the national currency
The securities will be auctioned and traded through Bloomberg’s Auction System and settled through a local platform
The country will put $2 into the Future Generations Reserve Fund for each barrel of crude sold at over $80
The bank will be able to provide clearing and settlement services to its customers worldwide and to other DFM trading members
Bitcoin has been struggling along with risk assets in recent months
The precious metal climbed as much as 0.5 per cent in early Asian trading after capping a second weekly gain
The markets it plans to exit made up about 1 per cent of total group income in 2021
IN4X’s platform, a quick, secure and easy-to-use payment processor and crypto payment gateway, will enable businesses to accept cryptocurrencies as payment
Effective from April 15, Raqeeb grants the informants with monetary rewards if the report leads the FTA to collect tax worth more than Dhs50,000
Investcorp’s new platform will enable investments in critical infrastructure companies and projects across North America
The growth market will enable companies to directly list their shares on ADX, without the need for an initial public offering
FAB had offered to buy a majority stake in EFG-Hermes in February
Bitcoin has been largely stuck in a range of about $35,000 to $45,000 this year
IEA members announced last week that they will deploy 240 million barrels from emergency reserves
Egypt’s central bank held a special policy meeting in March and hiked interest rates for the first time since 2017
The group CEO, chairman of the executive committee, and member of the board of EFG Hermes Holding, shares the company’s key milestones
The platform is open to people of all nationalities
With the launch and listing of ADC, ADQ and Chimera aim to capitalise on ADX’s newly-issued SPAC regulations
National Bonds reported an increase of 17 per cent and 9 per cent, respectively, in its women and junior saver segments’ investments in 2021