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The bank said it continuously explores opportunities to boost shareholder value but does not foresee any transaction of this nature materialising in 2023
The new banknote will be available at banks and exchange houses starting from April 10
National Bonds attributed the strong growth to solutions such as the Golden Pension Plan, Global Savings Club and Sukuk Al Waqf
Dubai is home to more than 55,000 high net-worth individuals and over $3tn of private wealth is within an hour’s flight of the city
The loans will support the construction and operation of the 500MW Dzhankeldy wind farm and the 500MW Bash wind power plant in Uzbekistan
The bank will operate as ‘Saudi Awwal Bank’ after obtaining the necessary regulatory and shareholders’ approvals
The multi-currency facility, equivalent to around $2bn, includes three tranches amounting to EUR600m, $620m, and Dhs2,863m with a tenure of up to 2.5 years
The GCC countries were high in the emerging markets ranking with Qatar ranking fourth and Saudi Arabia ranking sixth globally
The bank signed off on EUR318m ($344.5m) towards the financing of Phase I of the Electric Express Train Project in Egypt
The digital bank offers SMEs seamless access to banking services while allowing them to move forward with innovative beyond-banking services
This move will enhance international investors’ access to DFM’s diversified investment opportunities
In 2023, inflation is projected to decelerate to 3.2 per cent, on the back of softer price increases in all categories
The MoEI issued the aid via 432 decisions on applications for house construction, completion, purchase, maintenance and upgrades
Standard Chartered’s corporate, commercial and institutional banking, and consumer, private and business banking businesses in Jordan will move to AJIB
The central banks announced interest rate hikes by 25 basis points
The deal is the largest of its kind signed in the Saudi banking industry
The IPO subscription period will run until March 23 for the UAE retail offering and March 24 for the qualified investor offering
The MoU will enable joint experimentation with regard to CBDCs and facilitate other digital innovation initiatives between the central banks
The bank is committed to developing financial solutions that help businesses scale up operations while achieving their ESG objectives
First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC
The listing is the latest in a series of IPOs in the Gulf region as governments seek to bring more international investors into their markets
The fund aims to give clients access to daily redemptions without locking capital up in long-term, fixed instruments
The conglomerate’s revenues surged by 78 per cent to Dhs50.9bn, driven by growth across all verticals and the company’s strategic acquisitions in 2022
The company’s declared a dividend of $19.5bn for the final quarter of 2022, a 4 per cent increase compared to the previous three-month period
Here are a few tips on how to start building your financial future
The road-toll operator said the number of revenue-generating trips jumped 13 per cent to 413 million trips compared to 367 million in 2021
The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9
More than half of FAB’s bond issuances in 2022 were in a ‘green’ format, with the bank aiming to further grow its range of sustainable offerings
The investments increased by 3.25 per cent or Dhs16.6bn on a monthly basis
Emirates Development Bank’s financing contributed Dhs3.5bn to the UAE’s non-oil GDP and helped create more than 12,000 industrial jobs