The recent recovery of the crude oil price to the pre-pandemic level of $60-65 per barrel is a huge relief for all the Gulf states
The dividend payout equals to 49 per cent of the lender’s net profit for 2020
The investments will focus on strategic sectors in Indonesia, including infrastructure, roads, ports, tourism and agriculture, among others
Besides health care, Gulf Capital focuses on sectors such as technology and payments, business services and sustainability
Bank can connect to Finastra’s open platform which is in line with SAMA’s Open Banking initiative
Cumulative balance of the country’s international reserves amounted to over Dhs519bn at the end of January 2021
The bankruptcy judge decided to appoint a panel consisting of seven experts to examine the application
Cryptocurrency businesses will be offered bespoke licences by the DMCC Crypto Centre in Dubai
EToro became a member of the US Financial Industry Regulatory Authority last year
Gross credit in the banking system grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021
Wassim Al Khatib will lead Citigroup’s investment banking and markets business in Saudi Arabia
It confirmed a minimum Dhs2.57bn dividend for 2022
The Central Bank of the UAE projects the country’s real GDP to increase by 2.5 per cent in 2021
PolicyBazaar allows users to purchase life and general insurance online
Shuaa Capital led a $50m structured sukuk for Pure Harvest co-investing with Franklin Templeton and Sancta Capital
Full-year profit net income fell to $31m
The pandemic has further emphasised the need for diversification among investors, reveal AIX Investment Group’s board advisor Fadi Dabbagh and senior financial advisor Khalid El-Mikhi
The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth
Al Salam Bank is waiving administrative fees for personal and property facilities
The money manager is the Gulf’s largest private investor in US real estate
Tribe Capital Growth Corp I will target the tech sector
We have not yet reached gender parity – women today are still under-leveraged and undervalued in the workforce, says Invesco’s Zainab Kufaishi
There is a lot of work that can be done by organisations to ensure more women are being considered for jobs and promotions
IHC’s total assets increased to Dhs14bn as of December 31, 2020, from Dhs4bn a year earlier
Over 25,000 applicants pre-registered in the past two months to use the app
Mobile network operators have direct access to a large customer base that includes the harder-to-reach segments of the underbanked and unbanked
Bitcoin and other cryptocurrencies are also driving growing interest from mainstream investors in Canada
With the addition of Etisalat and du’s data, AECB’s customer information database stands at 9 million individuals and 600,000 companies
The agreement will result in Anghami becoming the first Arab technology company to list on Nasdaq New York
The reward from hopping onto the digital currency bandwagon is imminent, states entrepreneur and investor Shailesh Dash