Oman’s fiscal deficit may narrow to 4.2 per cent of gross domestic product in 2021
IHC shares have nearly quadrupled over the past year
Central Bank digital currencies built around Bitcoin-like technologies that promote transparency offer potential for positive outcomes
The new trading floor serves all stakeholders under one roof
Gold is heading for its biggest monthly loss since June as more central banks start signaling a pullback in stimulus measures
The global market for debt that complies with environmental, social or governance goals (ESG) looks set to top $1 trillion this year
The transaction is in line with Public Investment Fund’s Strategy 2021-2025, which focuses on building strategic economic partnerships
Authorities said crypto transactions in China are banned and they will root out mining of digital assets
Bahrain’s budget shortfall is projected to drop to 9.1 per cent of gross domestic product this year compared with 18.3 per cent of GDP in 2020
YAP, which launched earlier this year, claims it is now “onboarding hundreds per day”
The official payment technology partner of Expo will showcase its Cube multi-sensory installation at the event
Among funds eyeing Turkish investments are Abu Dhabi Investment Authority (ADIA) and ADQ
Once finalised, UAE Exchange is expected to relaunch its branch network in the UAE
Amex cardholders in Saudi can now shop with their Amex card on merchant and supplier websites that use Amazon Payment Services
DWTCA aims to expand its existing business licenses, services and incentives
The total cost of the five stimulus packages announced by the emirate’s government since the start of the pandemic amounted to Dhs7.1bn, or 1.6 per cent of Dubai’s GDP
The kingdom is looking to boost its environmental credentials
The EDB Business Banking app is free to open and has no minimum balance criteria
The traditional haven has lost 8 per cent this year
The new platform is available for both conventional and Shariah-compliant banking customers
Riyadh has been the hottest market for IPOs in the Middle East over the past two years
The plan involves Algosaibi contributing 90 per cent of its assets to paying off debts, with the rest restructured in order to carry on operating
The $1.2bn IPO by ACWA Power International had initial demand amounting to several billion dollars
DAFZA companies will also be given priority access to digital banking services through Mashreq’s NEOBiz platform, where they will be able to open instant accounts
The guidance came into effect on Monday, September 13, with licensed financial institutions being given a month to demonstrate compliance
The limited-edition cards are designed to enhance the Expo 2020 Dubai experience for both residents and visitors
The bank has executed the facility to support Amplus Energy Solutions
New contracts will include stocks of Dubai Investments, DFM Company and Shuaa Capital
Chamber members’ exports and re-exports to the GCC countries during the first eight months of the year increased 16.4 per cent year-on-year to Dhs79.6bn
A total of 492 new companies joined the financial centre in the first half of the year