Hanadi Khalife head of ICAEW on how the public and provate sector shoud finance the green transition Image ICAEW

Insights: Why public-private financing will drive the green transition

Governments around the world are increasingly treating private sector companies as key partners in tackling societal challenges, including climate change

VALU

BNPL platform Valu announces strategic rebranding

Under the new brand identity, Valu has refreshed its logo, application and overall visual identity to represent the company in a more modern and dynamic way

Steven Rees J P Morgan Private Bank inisgnsights on teh recession obessesion and investment trends

Recession obsession: How to navigate a well-telegraphed downturn

Looking to invest? Diversified portfolios can continue to generate strong returns heading into 2024. Read on for these and other tips…

Mukesh Ambani Jio Financial Services

Mukesh Ambani’s Jio Financial makes disappointing debut on BSE, NSE

Jio Financial plans to digitally deliver a range of products in the non-banking financial consumer market in India

Central Bank of the UAE

Central Bank of the UAE’s H1 2023 budget revealed

On an annual basis, the central bank’s public budget surged by 32.15 per cent, equivalent to Dhs158bn

Kevin Rubin, Chief Finance Officer at Alteryx on the role of the modern CFO

The modern CFO: Risk taker or business maker?

With digital transformation added into the mix, the modern CFO role has transformed into that of a future-facing navigator, combining risk mitigation with near-live opportunity mapping

UAEs UBF on how the banking sector-is-supporting-green-finance-initiatives-GettyImages-83975094

These UAE banks invested over Dhs190bn in green financing, reveals UBF

The UAE banks invested in various projects in renewable energy, waste-to-energy, and green technology in 2022

rupee

Rupee approaches record low; still favoured among EM Asian peers by investors

The rupee closed at 83.1062 to a dollar on Friday, August 18, within striking distance of its record low of 83.2912 touched in October last year

ADX and tawasul tieup to provide users realtime stock market updates on the superapp GettyImages-687689274

Abu Dhabi’s ADX, Tawasal SuperApp to offer real-time stock market updates

Tawasal is a secure multi-purpose messenger and super app, which offers free calls, chats, video conferencing and lifestyle services

US Treasuries

Saudi Arabia’s holdings of US Treasuries at six-year low

The kingdom in June sold more than $3bn in US government debt, offloading the securities for a third consecutive month

EDB launches supply chain financing for SMEs

EDB, Trade Capital partner to launch supply chain financing for SMEs

The MoU will see the creation of a working group to discuss new ways of delivering supply chain financing to small and medium enterprises in the UAE

Abu Dhabi issues warning against fake currency dealers

Abu Dhabi warns residents, tourists against fake currency dealers

The department urged the public to always use authorised money exchange houses or banks to exchange foreign currency

Abu Dhabi KBBO Group

Abu Dhabi’s KBBO said to get creditor approval for debt revamp

The case marks one of the first instances of a large conglomerate using the UAE federal bankruptcy regime to restructure its business

Astra Tech unveils new Botim debit card

Astra Tech debuts new Botim prepaid debit card

The prepaid debit card is accepted in more than 200 countries and offers UAE dirham and the US dollar

Shuaa Capital

Shuaa Capital’s top investors are exploring sale

The firm’s market capitalisation exceeds Dhs1bn ($272m) and it has close to $5bn in assets under management

UAE national banks provide Dhs745.5bn in financing by May

UAE banks provide Dhs745.5bn credit to business, industrial sectors

The central bank said the business and industrial sectors received credit financing mostly from traditional banks

Kuwait’s Agility posts KWD14.2m in Q2 profit

Kuwait’s Agility posts KWD14.2m in Q2 2023 profit

The company’s profit in the first six months to June 30 rose by 2.3 per cent to KWD29.4m

ADNIC H1 2023 earnings

ADNIC reports net profit of Dhs204m in H1 2023

ADNIC in its earnings release reported its underwriting profitability continued to be robust with a combined ratio of 87.60 per cent and a net insurance service profit of Dhs178.1m

EFG Holding’s Q2 2023 revenue jumps 51% to $844m

EFG Holding’s Q2 2023 revenue jumps to EGP3.1bn

The banking group’s net profit after tax and minority interest rose by 20 per cent to reach EGP405m

Dubai’s VARA, DET to establish market assurance standards for virtual assets

The MoU strengthens VARA’s aim to achieve full transparency and market conduct adherence across virtual asset service providers licenced to operate in Dubai

ADIB finances UK real estate assets worth $128m in H1 2023

ADIB finances UK real estate assets worth $128m in H1 2023

The banking group has closed senior financing transactions worth more than GBP650m over the past five years

Network International’s half-year revenues reach $239m

Network International’s half-year revenues reach $239m

The payments company said growth was driven by the UAE’s resilient domestic consumer spending and a strong influx of tourists

Al Ansari Financial Services Q1 2023

Al Ansari Financial Services reports dip in profits for H1 2023

It attributed the drop in net profit to predominantly lowered remittance margins, higher costs as well as an increase in financing costs

GCC wealth funds are new bankers to the world

GCC wealth funds are new bankers to the world: Here’s why

The sovereign wealth funds from Saudi Arabia, Qatar and the UAE appear to have become go-to investors in difficult times for the global markets

CBUAE revokes licence of an exchange firm

CBUAE revokes licence of money exchange firm

The administrative sanctions are the result of findings which revealed serious regulatory misconduct

ADFD Tanzania sign loan agreement Image ADFD

Abu Dhabi Fund for Development finances Dhs110m energy security project in Tanzania

The project’s financing will reduce energy import dependency, stimulate economic activities, develop existing industries and create job opportunities for the population

Middle East IPOs raise $1.8bn Q2 2023

MENA stock markets maintain IPO momentum, raises $1.8bn in Q2 2023

Saudi Arabia dominated the region in terms of the number of listings, with four listings on the Tadawul’s main market raising $0.8bn

DFSA FIU sign Mou to fight financial crime

UAE: DFSA, Financial Intelligence Unit join hands against financial crime

The agreement aims to enhance co-operation, co-ordination and information sharing between the DFSA and FIU to fulfill their respective obligations related to AML/CFT compliance

Yahsat’s half-year revenues down 2% to $205m

Abu Dhabi’s Yahsat posts $205m in half-year revenue

The company’s mobility solutions registered strong double-digit growth in the second quarter of the year, up 12 per cent

Ajman Bank Dhs550m right issue oversubsribed Mohamed-Amiri Image courtesy Ajman Bank

Ajman Bank’s Dhs550m rights issue receives strong response

The rights issue was oversubscribed 7.4 times, with a total demand of Dhs4.1bn