The IPO could add to a string of listings in Saudi Arabia
The nation last tapped the international debt market in January
The exchange’s market capitalisation increased 27 per cent during the first quarter of 2021 to Dhs940bn
CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB
Deliberations are in the early stages and there’s no certainty ADQ will proceed with any transaction
The delisting, which is still subject to regulatory approvals, is expected to be completed in the next month
Liquid assets accounted for 15.9 per cent of the total assets by the end of the reference quarter
Established in 2006, ESG is present in 12 markets and had assets of Dhs537m as of the end of Q1 2021
Joshua Jahani, managing director of investment bank Jahani and Associates (J&A), provides an overview of the current wealth management landscape and evolving trends
Amid rising interest, the future of exchange-traded funds within the region looks promising, opines Sherif M Salem, CIO – Public Markets at Chimera Capital
Dubai Media Office clarified that the website promoting the coin is an elaborate phishing campaign
Central bankers from China to Sweden are already working on their own digital currencies in response to the falling use of cash
The ban is effective immediately and will last until September 22
The central bank’s foreign assets increased 0.4 per cent year-on-year
The transaction is the first combined equity and exchangeable bond offering in the GCC
Plans have already been approved to expand the size of the Innovation Hub four-fold to cover 315,000 sq ft
EFG Hermes agreed to buy a stake in FIM Partners in 2017
The investment values Zeta at $1.45bn
Driving real value from a merger or an acquisition lies within the integration and orchestration of the IT estate
Older generations are also becoming more exposed to technology solutions that commoditise product offerings
The transaction will be structured as a capital increase that will raise the paid-in capital of the bank to EGP5bn
DAFZA signed an agreement with the SCA to support the regulation, offering, issuance, listing and trading of crypto assets within the freezone
Dubai SME will provide a package of incentives for those who obtain financing via the new platform called Dubai Next
The cryptocurrency is now down around 40 per cent from its record of almost $65,000 set in April
Al-Khatib will be responsible for Citi’s regulated business in Saudi Arabia
The funding will be used initially on developing the company’s service offerings
Hatch & Boost is an Abu Dhabi-based venture builder dedicated to hatching startup ideas and boosting them into scalable ventures in the Middle East
The fuel retailer will now be among nine UAE-listed companies to be part of the index
The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent
The bond issuance which saw demand from local and international investors was six times oversubscribed