HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction
The banking group’s net profit after tax and minority interest rose by 20 per cent to reach EGP405m
The MoU strengthens VARA’s aim to achieve full transparency and market conduct adherence across virtual asset service providers licenced to operate in Dubai
Saudi Arabia dominated the region in terms of the number of listings, with four listings on the Tadawul’s main market raising $0.8bn
Since the launch of its microlending services in early 2023, YaSchools has received financing requests worth more than $40m
The rights issue was oversubscribed 7.4 times, with a total demand of Dhs4.1bn
The plan will develop financial policies to promote economic growth, create a competitive business environment and strengthen international economic relations
This agreement is part of SFD’s efforts to support sustainable development in developing countries and small island developing states
Sukuk and bonds had a high pricing correlation of 0.95 (out of 1) on average and low average spreads between 2018 and H1 2023
The conglomerate said its revenues surged by 30.8 per cent year-on-year to Dhs28.7bn as the company sustains its growth trajectory
The deal will see HSBC make a $35m investment into Tradeshift in two stages and also join its board
Under Cabinet Decision No (75) of 2023, penalties will be imposed on taxable persons who do not comply with the UAE corporate tax law effective from August 1
Building an emergency fund, budgeting, reducing debt, diversifying income streams and planning for the future are all key steps toward achieving financial stability
The programme covers unpaid salaries, gratuity, repatriation costs of return for its employees or their mortal remains and unreimbursed expenses
According to the bank, the product’s fixed-rate tenor offers home buyers a worry-free experience, free from any large final payment or unexpected changes in installments
The inaugural forum will be held at the Ritz-Carlton DIFC on October 4-5
The product offering will enable accessibility for individual investors to bond markets with a minimum investment of $25,000
The issuance was met with robust demand, attracting interest from over 240 global and regional investors with the final order exceeding $7bn
The association represents more than 2,100 corporate members with over $2.5tn hedge fund and private credit assets
The bank said access to InstaPay App will offer its customers a new level of convenience and flexibility in managing their finances
The bank’s operating income jumped 14 per cent year-on-year to QAR18.5bn compared to the same period a year earlier
The bank aims to boost software development, collaboration and customer engagement using tools such as GitHub Copilot X, ChatGPT and MS 365 Copilot
The notice was issued following approval from the Central Bank of UAE’s board of directors, with the measures coming into effect from July 1
The banks increased their credit balance by Dhs2.1bn or 0.3 per cent in April 2023, up from Dhs735.2bn a month earlier
This partnership gives Astra Tech customers access to microfinance options specifically designed for individuals with low and medium incomes through Botim, supported by National Bonds’ Al Manassah Platform
The central bank said banks’ gross credit increased by 0.1 per cent to Dhs1.89tn in April, driven by a 0.4 per cent growth in domestic credit
The programme is targetted at farmers, local producers, technology providers, equipment suppliers, and those involved in the agriculture support ecosystem
The country’s wealth fund remains one of the biggest investors in Europe, with stakes in companies such as Glencore and automaker Volkswagen
Economic substance refers to the tangible and real economic activity that a company carries out
DIB alt brings together more than 135 digital services via the DIB Mobile App, online banking, WhatsApp and ATMs