#finance
The newly established fund will hold stakes in entities including utility giant Dubai Electricity and Water Authority, toll operator Salik and Dubai Taxi Company
Embracing tools such as VAT Filing Reconciliation and Assistance and Accounts Payable Automation becomes crucial to ensure efficient, accurate tax operations and compliance
The bank’s commitment to sustainable finance is part of its Climb2Change global initiative
DFM will commence the pilot programme for institutional investors starting from December 4-8, with the offsetting period ending on January 10, 2024
The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme
Growth in the country’s payments space is being fueled by a surge in digital transactions and technological advancements such as GenAI
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
Employees who sign up can either receive financial benefits after the end of their employment contract or continue investing in the end-of-service scheme
The IPO pipeline will be driven by Saudi Arabia, where 27 companies have announced their intention to list on the Tadawul
The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity
The agreed recommendations will now be socialised with national governments ahead of COP28, so the fund can be activated and capitalised
The new decisions reflect the significant role of free zones in the UAE’s economic diversification strategies
From visa applications to licence renewals, AIX Consultancy offers a comprehensive suite of services that allow clients to focus on their core operations
GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar
The increase in operating income and net profit was primarily attributed to a significant 82 per cent increase in net interest income
Democrance helps insurers increase their digital sales and access new customer segments
The SCA-regulated fund will offer local feeder access to Blackstone’s US and European private credit strategies
Participating card issuers and acquirers in UAE, Saudi Arabia and Qatar will be able to offer cardholders flexible and transparent payment plans at merchant checkouts, both in-store and online
UN Secretary-General António Guterres, in a statement, urged forum participants to put the SDGs Stimulus Package into effect
The web3 company is piloting the Fluent Economic Bridge platform in Kenya and plans to develop a digital trade corridor with the UAE
The bank’s deposit base rose by 4 per cent between January and September to reach $226bn
The Public Investment Fund (PIF) of Saudi Arabia and Saudi Electricity Company (SEC) have launched…
The financial sector grew nearly 30 per cent year-on-year, with the value-added by the industry surging more than Dhs18bn
The overseas office brings the bank closer to the front lines of its sustainable development work in the Middle East and Africa
ADES set the final offer price for the offering at SAR13.50 per share, implying a market capitalisation of SAR15.2bn at listing
The landmark securitisation programme makes EMRC the first refinance mortgage company to securitise portfolios for mortgage companies in the Egyptian market.
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
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
Emirati Women’s Day celebrations are being held under the theme “We Collaborate for Tomorrow” this year