The sector is expected to maintain a stable outlook in 2023 driven by growing demand for digital services and industry competitiveness
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
In the early years of the digital era, building was the only option, but today the region is strewn with fintechs
Emerging Markets Property Group is set to hire Rothschild & Co. for the potential IPO in Dubai or Abu Dhabi
The digital bank offers SMEs seamless access to banking services while allowing them to move forward with innovative beyond-banking services
The two entities have partnered with advisory firms that are a key part of the city’s financial and business ecosystem
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 data analytics firm’s shares shot up as much as 176 per cent to Dhs3.70 compared to the IPO price of Dhs1.34 apiece
The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing
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 first phase of CBUAE’s CBDC strategy is expected to complete over the next 12 to 15 months and comprises of three major pillars
The central banks announced interest rate hikes by 25 basis points
The venture represents a key milestone for both organisations and will enhance Mubadala’s positioning within the secondaries credit market
The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth
The round table discussion hosted by Century Financial showcased new sustainability initiatives and partnerships aimed at promoting investments
Last year, several ADGM-based companies listed on ADX including Borouge, Burjeel Holdings, Bayanat AI and Americana Restaurants while Anghami completed its listing on NASDAQ
The deal is the largest of its kind signed in the Saudi banking industry
The kingdom has built a financial services sector comprising more than 360 local, regional and global institutions
The IPO is Abu Dhabi Securities Exchange’s second listing this year and it was oversubscribed by 136 times
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
The automaker said it is pushing its strategy of modern luxury in 2023 and has started its ambitious Road to 20 programme
The savings platform is part of the Mohammed Bin Rashid Innovation Fund’s (MBRIF) Innovation Accelerator programme
The bank is a financial enabler of the UAE’s economic diversification and industrial transformation agenda
The IPO is the largest ever in Abu Dhabi and the largest globally, year to date, as the emirate is expecting eight more listings
First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC