The asset manager is seeding the first strategy within its Mubadala Capital Solutions unit with $2.7bn from its balance sheet
The regional office will be led by Firas Mallah, managing director and head of the Middle East
The increase in losses is forcing banks to leverage cutting-edge technologies to detect and analyse fraudulent transactions
The group reported a 6.6 per cent increase in first-half profit, despite the currency headwind in Egypt
The shareholders are offering 24 million shares in the cargo firm, equivalent to 30 per cent of the paid-up capital post-listing
The kingdom continues to be under-represented in the portfolios of emerging markets investors despite being the sixth index in the MSCI EM Index
The investment will initially focus on providing financing for technology and software companies
The landmark securitisation programme makes EMRC the first refinance mortgage company to securitise portfolios for mortgage companies in the Egyptian market.
The company is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares
Experts share why the two Asian economies hold immense potential for global investors
The accelerator programme is accepting applications from September 6 to October 10 this year
The order book was nearly 10 times oversubscribed at the time of issuance in April, with investors placing total orders of more than $15bn
The initiative will allocate Dhs100m to bolster the adoption of green energy solutions with a focus on solar energy initiatives
The drop in value for the Indian currency came against a sharp rise in US dollar value as the American greenback rose to the highest levels in six months
The corporate banking portfolio grew by 5 per cent YoY to $4.3bn while its net interest income rose by 10 per cent to $45.9m
The solution will help 1.4 billion wallet users conduct transactions seamlessly, directly from their home e-wallets while visiting the UAE without currency conversions
The strategic investment in Komgo was made through Emirates NBD’s Innovation Fund, which was set up earlier this year
The selling shareholders reserve the right to amend the size of the offering at any time before the end of the subscription period
From premium residences to ultra modern commercial spaces, the city’s real estate market offers diverse and lucrative opportunities for investors
The fund mainly invests directly, predominantly in public equities and fixed income but also in alternatives like real estate and private equity
The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia
The interim dividend will be paid to shareholders who have purchased Borouge shares as of September 7
The payments solutions provider is now positioned to offer direct merchant-acquiring services and payment aggregation solutions with reduced reliance on traditional banking channels
The partnership seeks to provide customers with a comprehensive range of innovative products and services tailored to modern digital payment preferences
Corporate cards that are defined and operated in the right way will deliver a new level of control to the finance team and each employee
Both digital and mainstream banks in the UAE offer savings accounts for kids, and the law requires parents to monitor the accounts
The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase
The key takeaway from Powell’s speech is monetary policy will stay “restrictive” until inflation is moving firmly toward 2 per cent
The central bank’s statistics showed these savings deposits increased by 5.8 per cent on a monthly basis
Regional integration efforts like the GCC facilitating smoother M&A transactions by streamlining regulations and cross-border investments will support M&A growth