They will be listed on the exchange’s Second Market in Q2 2021
Al-Emadi was named finance minister a day after Sheikh Tamim bin Hamad Al Thani took over leadership of the country in June 2013
For 2020, Mubadala said its total comprehensive income rose to Dhs72bn
The platform is expected to help Mashreq respond more efficiently to the funding needs of local businesses and address capital diversification too
GCC states have the discretion to zero rate and exempt certain categories of supplies and Oman has used this discretion
ADNOC is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10bn
The new minister, Faisal Alibrahim, had been vice minister of economy and planning since 2018
Its revenue increased 3.3 per cent to Dhs1.33bn
Net proceeds from the sale of the notes will be used to repay outstanding debt
Public revenue was OMR1.82bn at the end of March
Banks and FI’s are in a position to play a key role in accelerating the transition to a low carbon economy
GDP growth in the GCC countries will slowly recover from last year’s sharp recession
Its total assets reached Dhs39.1bn compared to Dhs39.9bn at 2020 year-end and Dhs43.3bn as at March 31, 2020
Biodiversity and climate change are deeply connected by the simple fact that our economy relies on natural capital
The financing is the first riyal-denominated credit facility to receive green financing accreditation
The company could be valued at about $7bn including debt in the listing
Emirates NBD Capital led 24 transactions in Q1 2021 raising over $18bn
Operating expenses of Dhs1.061bn decreased 20 per cent year-on-year and 1 per cent sequentially
The Canadian fund is also looking to work closely with lenders in the region
Citigroup ultimately plans to exit retail-banking operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam
The company raised $6m in seed funding at the start of this year
CoinMENA is a fully-regulated, onshore, and Sharia-compliant crypto assets exchange
Automating the trade financing platform will enable banks to benefit in numerous ways, according to global IT firm Comarch
The acquisition will make FAB one of Egypt’s largest foreign banks by assets with pro-forma total assets of over $8.5bn
DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange
The Contour blockchain platform enabled end-to-end digitisation of the documentation required to import flat carbon steel
Banks can draw on the facility to provide new loans and financing
The bank’s operating profit dipped 12 per cent y-o-y to Dhs319m
The highest ranked Arabs originating from Kuwait in Gulf Business’ annual Arab power list
Net profit for the three months ended March 31, 2021, amounted to Dhs164.2m, compared to Dhs153.7m for the corresponding period last year