Jio Financial Services and BlackRock signed an agreement to form Jio BlackRock, an equal joint venture
The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn
After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term
The bank reported strong growth numbers as its retail and corporate businesses reflected growth and diversification in business
The lender has reported a net profit as interest income surged amid continued economic momentum in the country
A total of 20 startups will be onboarded during the ninth edition of the programmen
GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf countries’ currencies are pegged to the dollar
The Shariah-compliant bank’s total income reached Dhs9.3bn during the quarter, up 49 per cent from Dhs6.22bn the same period a year ago
The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30
The sale of Adani Capital will help Gautam Adani cut liabilities on his conglomerate’s balance sheet as it focuses on its infrastructure development businesses
The lending group also included First Abu Dhabi Bank acting as lead arranger
Wall Street behemoths such as Bank of America, Morgan Stanley, JPMorgan Chase, and Citigroup beat analysts’ expectations in the second quarter, sparking anticipation about a similar upswing in Asia
The banking group’s operating income reached Dhs6.8bn in Q2 2023, a 37 per cent YoY increase from the same period a year earlier
The bank said its strong performance was driven by broad-based income growth and improved efficiency metrics
The execution of the first international securities lending and borrowing transaction is the latest step in the continued evolution of Dubai’s capital markets
The blockchain firm said its new UAE entity will focus on deposit token infrastructure to promote cost-effective and borderless trade finance
Proceeds from the bond offerings will be deployed towards projects in the renewables sector, namely solar, wind, renewable power transmission and distribution infrastructure, and battery storage assets
Artificial intelligence tools are gaining traction as demand to analyse huge amounts of data grows in the field of ESG risk analysis
Building an emergency fund, budgeting, reducing debt, diversifying income streams and planning for the future are all key steps toward achieving financial stability
Sovereign wealth funds in the GCC region continue to increase in number, size, variety and scope
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
Sukuk issuance is expected to plunge in Q3 2023 before picking up pace in the last quarter of the year
The IMF sees the global GDP slipping to the 2.8 per cent range for this year, below the 2022 advance estimates of 3.4 per cent
Open banking is giving banks in the MENA region the opportunity to expand their ecosystems, reach and balance sheets
The sukuk issuance demonstrates the growing appetite for Islamic finance instruments in the GCC region
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 bank reported an operating income of Dhs2.5bn in the first six months of 2023, up 41.9 per cent from Dhs1.7bn for the same period a year earlier
The fund is stage-agnostic and will invest primarily in companies with clear product-market fit that are demonstrating revenue growth