From January, the UAE will adopt a Monday-Thursday work week with Friday being a half day
Prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements will be extended by six months
Invesco’s client-centric approach has enabled its EMEA business to grow in assets under management
Raheel Ahmed succeeds Peter England, who will retire after leading the bank for over eight years
The number of shares and proposed price range for an IPO haven’t been determined
The board also endorsed the criteria that govern banks’ loan exposure to the real estate sector
Investment holding company Al Qudra’s board has approved a new foreign ownership limit of 30 per cent of outstanding shares
The Public Investment Fund offered 120 million shares in Saudi Telecom at SAR100 each
The government said last month it wants to sell shares in 10 companies, and it has been encouraging private and family-owned businesses to follow suit
The banking and financial sectors are expected to be among the biggest beneficiaries of the newly structured weekends
The newly formed Khalifa University Enterprises Company will act as the business and investment arm of the university
The Saudi economy, the biggest in the Middle East, is growing at its fastest pace in almost a decade
It will work across three key business areas: global sukuk, remittance, and trade finance
The figure marks a 69 per cent increase over the same period in 2020 when 32,626 licenses were issued
It has partnered with the UAE’s Ministry of Climate Change and Environment for the initiative
The $50m fund will invest in early-stage fintech and SaaS companies across the Middle East, Africa and Pakistan
The fee exemption applies to registered Emirati members who have not completed the five-year period
Property is seen as the most important investment class for Indians in the UAE
Sharif El-Badawi has been appointed as CEO of the Dubai Future District Fund
The investment firm is diversifying its business with plans to also launch in Saudi soon, says Ali AbdulKareem Ali, senior executive director at Century Financial
The tax and compliance technology solution provider is looking to enter the UAE by mid-2022 with e-invoicing and VAT offerings within the country
The two entities will introduce products and services including exchange-traded funds, smart order routing and cross-border direct trading
Spanning 100,000 sq ft, the new HQ will serve almost 90 countries across the Central and Eastern Europe, Middle East and Africa region
It recently acquired ten UK industrial assets for a combined purchase price of GBP56.7m
The new board will be headed by Helal Al Marri
The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years
The scope for criminalisation of returned cheques due to insufficient funds has been narrowed and confined to cases of bad faith and other cheque crimes
IsDB is now the largest supranational sukuk issuer on Nasdaq Dubai with a total value of $18.8bn through 13 issuances listed on the exchange since 2016
The company will be valued at $5.8bn and the stock will start trading in Abu Dhabi on October 27
Interest in the technology industry in the Middle East has increased the past few years