Rashid Ali bin Obood Al-Falasi has been appointed as the chief executive officer of the debt management office
Iman offers a halal book-now-pay-later solution to retailers
Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities
The Nigerian banking group aims to combine assets in renewables, ports and industrial parks and offer them to investors through initial public offerings
Kraken has received a Financial Services Permission license to operate a regulated virtual asset exchange platform in ADGM
This licence marks the first time the DFSA has authorised a firm to provide account information services and payment initiation services activities
Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021
Investcorp’s new platform will enable investments in critical infrastructure companies and projects across North America
The growth market will enable companies to directly list their shares on ADX, without the need for an initial public offering
The group CEO, chairman of the executive committee, and member of the board of EFG Hermes Holding, shares the company’s key milestones
The account provides customers competitive interest rates on their savings, cashback on all spends and a free noon VIP membership among other features
The bank’s strategy involved direct and indirect financing of 1,350 SMEs across priority sectors
The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
The bond is the first issuance of its kind for a Jordanian bank on the exchange
The Emiratisation plan will apply to managerial positions across the country’s banking and insurance sectors
It has priced its initial public offering of 10,000,000 units of Shuaa Partners Acquisition Corp I at $10 per unit
Jeremy Wilmot, chief product officer at ACI Worldwide tells Gulf Business how the company is preparing to help UAE banks connect to the nation’s central real-time payments infrastructure
Last year, the financial centre also recorded its highest ever annual revenue and operating profit
Mubadala Capital manages over $10bn of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses
The Covid-19 pandemic has effectively broadened the investment landscape, explains AIX Investment Group’s board advisor Fadi Dabbagh
The UAE became the first Gulf state to commit to neutralising planet-warming emissions within its borders, which it aims to do by 2050
Its general and administrative expenses at the end of last year stood at Dhs576.8m, compared to Dhs561.5m in 2020
The 30 listings undertaken in 2021 were 15.5 per cent higher than the number of listings the previous year
The total value of the Kuwaiti bank’s sukuk on the exchange stands at $898m
Dubai Bank, acquired from Emirates NBD, will be relaunched as Zand
The UAE has intensified its push to adopt the use of blockchain in recent years
DWTC will be designing a comprehensive ecosystem for this sector within Dubai
The company plans to sell just over two million shares to raise about SAR1.8bn.