The holding company’s revenue witnessed significant growth, reaching Dhs40bn, which represents an increase of 114 per cent year-on-year
More than half of FAB’s bond issuances in 2022 were in a ‘green’ format, with the bank aiming to further grow its range of sustainable offerings
The investments increased by 3.25 per cent or Dhs16.6bn on a monthly basis
Emirates Development Bank’s financing contributed Dhs3.5bn to the UAE’s non-oil GDP and helped create more than 12,000 industrial jobs
Customers can now use Tabby to split their purchases in four monthly payments at Namshi
The rates for mortgages shorter than 20 years remain the same
The issuance of green and sustainable finance in the Middle East increased by 532 per cent to $24.6bn in 2021 from $3.8bn a year earlier.
Family-owned businesses contribute an impressive 60 per cent of the GDP and employ 80 per cent of the workforce, says the chief officer of Strategy and DIFC Ventures
The UAE is already an important market for Edmond de Rothschild, and the new presence will enhance its ability to serve the clients in the region
The firm has appointed Professor Heizo Takenaka as the chairman of Investcorp Japan
The US-based firm has been investing in the region since 2015 and has deployed about $400m in companies such as Property Finder and Network International
There will be a lot of interest in fintech
Emirates NBD said that the sukuk received strong appetite from regional and global emerging market investors
ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43
The project is expected to stimulate commercial activities and improve transport links between the main cities in the country
Dubai International Financial Centre is offering reduced licensing fees and capital requirements for hedge funds domiciling a domestic fund
The entities will jointly drive UAE national work placements and offer finance training, SME financing platforms, a fintech sandbox and corporate innovation programmes
The two parties will jointly organise workshops, training and awareness programmes to exchange knowledge and experience
The financial centre registered the highest number of new firms – totalling 1,084 – last year
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