At the very core, we believe economic and social stability stems from a financially secure population
As part of the agreement, training courses, seminars and conferences will be convened to raise awareness and understanding of AML/CTF
More than three billion shares will be offered in the IPO
Establishing alliances beyond the traditional realm of finance are expected to yield promising returns for the advisory firm. And the returns may not be only monetary in nature
The UAE has been investing and setting up regulatory bodies specialising in financial crime, particularly, the Executive Office of Anti-Money Laundering and Counter Terrorism Finance
The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC
The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase
In November last year, DIB priced its inaugural sustainable sukuk, a $750m five-year senior issue with a profit rate of 5.493 per cent per annum
Saudi Tabreed currently manages 779,000 tonnes of refrigeration (TR) via contracts with major companies in Saudi Arabia
Its operating profit for the 2022 financial year came in at $73.8m, increasing 22 per cent
The fund will allocate an amount equalling the net proceeds of the issuance to fund eligible green projects in line with its Green Finance Framework
The first stage of the programme will see the launch of the Card Domestic Scheme, an instant payments platform, and the issuance of Central Bank Digital Currency
The loan doubles the OPEC Fund’s commitment to AFC following an initial $50m 10-year loan provided in January 2021
The financing is provided in cooperation with Standard Chartered Bank
The new rules provide guidelines for family businesses holding assets and operating in or from DIFC, in support of their succession and legacy planning for future generations
Investors in the region could be missing a big opportunity, as investment firms globally are facing increasing demand for ESG investment products that integrate thematic ESG strategies and comply with regulatory requirements
The three-year issue witnessed robust demand and was oversubscribed by 2.5 times
As the authority providing VA oversight across Dubai with the exception of DIFC, VARA facilitates VA-associated economic stability, investor protection, and jurisdictional resilience
Aramco has allocated $300m in additional funds to Wa’ed Ventures
Both entities will leverage their core competencies to drive economic growth, diversification and industrial transformation
Former governor, Dr Fahd Al-Mubarak, takes on the role of adviser at the royal court
Inflation and interest rate forecasts will remain crucial in 2023
The central banks of Saudi Arabia and Bahrain also increased their interest rates after the US Federal Reserve raised its target interest rate
DFM welcomed 167,332 new investors, bringing its investor base to over one million
The lender reported revenue worth Dhs6.8bn in 2022, up 23 per cent year-on-year
The platform will address metaverse policy development and legislation on open data, digital identity and company law frameworks in the metaverse
The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils
Saving deposits increased during the first 11 months of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021
Global Partners Property Fund I focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal
Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK