Inflation and interest rate forecasts will remain crucial in 2023
Empower is Dubai’s fourth privatisation in recent months
The bank’s total income for the first nine months of the year stood at Dhs18bn, up 13 per cent year-on-year over the previous year
Investors will be able to access multiple investment themes focused on innovation and long-term growth
Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase
The fund will invest in five to 10 private companies per year
Emirates NBD acted as bookrunner, mandated lead arranger and global agent for the transaction
Al-Ghunaiman replaces Farouk Bastaki, who helped to propel the Kuwait Investment Authority to rank among the world’s biggest wealth funds
The listing was the first in Qatar since the debut of dairy producer Baladna at the end of 2019
The programme has helped banks avoid having to recognise credit as non-performing
This move came after the central bank met the market needs for liquidity over the previous months
The insurance refund requests were valued at Dhs3.2bn
The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year