Sheikh Zayed Housing Programme

Sheikh Zayed Housing Programme approves Dhs298.7m in aid

The MoEI issued the aid via 432 decisions on applications for house construction, completion, purchase, maintenance and upgrades

Arab Jordan Investment Bank & Standard Chartered agreement

Arab Jordan Investment Bank to acquire Standard Chartered’s business in Jordan

Standard Chartered’s corporate, commercial and institutional banking, and consumer, private and business banking businesses in Jordan will move to AJIB

CBUAE's CBDC strategy

CBUAE unveils Central Bank Digital Currency strategy

The first phase of CBUAE’s CBDC strategy is expected to complete over the next 12 to 15 months and comprises three major pillars

interest rate

Gulf central banks raise interest rate based on US Federal Reserve hike

The central banks announced interest rate hikes by 25 basis points

Mubadala Building jv with Ares.

Mubadala, Ares create $1bn JV to invest in credit secondaries

The venture represents a key milestone for both organisations and will enhance Mubadala’s positioning within the secondaries credit market

DIFC unveils DIFC Launchpad

Dubai financial hub launches venture building platform ‘DIFC Launchpad’

The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth

Sustainability roundtable Century Finacial

UAE financial sector reaffirms commitment to sustainability

The round table discussion hosted by Century Financial showcased new sustainability initiatives and partnerships aimed at promoting investments

ADGM enjoys record year in 2022

Abu Dhabi’s ADGM witnesses 56% rise in assets under management in 2022

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

SRC Alrajhi Bank Signing ceremony

Saudi’s SRC, Alrajhi Bank sign landmark refinancing deal

The deal is the largest of its kind signed in the Saudi banking industry

Bahrain

Why Bahrain remains a key player in GCC’s financial sector

The kingdom has built a financial services sector comprising more than 360 local, regional and global institutions

Presight AI IPO oversubcribed

Presight AI’s $496m IPO attracts $25.8bn in orders

The IPO is Abu Dhabi Securities Exchange’s second listing this year and it was oversubscribed by 136 times

Al Ansari Financial Services Group CEO, Deputy Group CEO and Group CFO

Al Ansari Financial Services IPO: subscription starts, share price announced

The IPO subscription period will run until March 23 for the UAE retail offering and March 24 for the qualified investor offering

central banks of UAE and India sign MoU

Central banks of UAE, India sign agreement to boost collaboration

The MoU will enable joint experimentation with regard to CBDCs and facilitate other digital innovation initiatives between the central banks

Mashreq’s group head of corporate & investment banking

UAE’s Mashreq finances sustainable investments worth $15.5bn

The bank is committed to developing financial solutions that help businesses scale up operations while achieving their ESG objectives

Porsche Taycan Turbo. Image by Porsche

Porsche operating profit in 2022 surges $7.2bn on high revenues

The automaker said it is pushing its strategy of modern luxury in 2023 and has started its ambitious Road to 20 programme

Purvi Munot Sav CEO

Homegrown startup Sav raises $750,000 in pre-seed round

The savings platform is part of the Mohammed Bin Rashid Innovation Fund’s (MBRIF) Innovation Accelerator programme

SCCI, EDB partnership

Sharjah Chamber, EDB review funding solutions for investors

The bank is a financial enabler of the UAE’s economic diversification and industrial transformation agenda

ADNOC Gas IPO debuts on ADX

Abu Dhabi’s ADNOC Gas surges on ADX trading debut

The IPO is the largest ever in Abu Dhabi and the largest globally, year to date, as the emirate is expecting eight more listings

Nomo

Digital Islamic bank Nomo launches multi-currency accounts

First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC

Presight AI _Cover Image_IPO

Presight AI announces start of subscription for IPO

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

AZ valu Fund photo for illustrative purposes GettyImages-1080377280_Cairo1

Fintech platform valU, Azimut partner to launch AZ valU Fund

The fund aims to give clients access to daily redemptions without locking capital up in long-term, fixed instruments

Syed Basar Shueb, IHC CEO and Managing Director

Abu Dhabi-based IHC’s 2022 profit surges to a record $8.9bn

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

Saudi Aramco’s record net income. Image by Aramco

Saudi Aramco profit surges to $161.1bn in 2022, raises dividend

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

How technology is pushing forward pension reform

How technology is pushing forward pension reform

Fintech is improving access to pensions in the Middle East

Financial

Women can be a powerful force in the financial world and the time to get started is now

Here are a few tips on how to start building your financial future

UAE's Al Ansari Financial Services to list 10% stake in IPO

UAE’s Al Ansari Financial Services to list 10% stake in DFM IPO

The company plans to list its shares for trading on the Dubai Financial Market next month

Anghami reports 35.6% revenue growth, subscribers rise 21% in 2022

Anghami reports 35.6% revenue growth, subscribers rise 21% in 2022

The streaming service ended the past year with 1.52 million paying subscribers

Salik full-year revenue surged

Dubai’s Salik posts 11.8 per cent surge in full-year revenue

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

SME story: Interview with Ziad Toqan, founder of Leap

SME story: Interview with Ziad Toqan, founder of Leap

Leap’s on a mission to teach kids good money habits at an early age

EFG Hermes Holding group CEO Karim Awad gives keynote speech at One on One Conference in Dubai

GCC is key investment hub for regional, global investors: EFG Hermes

The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9