The agreement streamlines the digital onboarding process for Mashreq customers, allowing them to instantly obtain a national investor number
The Ministry of Finance said government entities, government-controlled entities as well as extractive businesses are exempted from corporate tax
The company’s full-year revenue jumped 11.8 per cent to $517m, driven by an increase in revenue from toll usage fees
The bank said it continuously explores opportunities to boost shareholder value but does not foresee any transaction of this nature materialising in 2023
The new banknote will be available at banks and exchange houses starting from April 10
National Bonds attributed the strong growth to solutions such as the Golden Pension Plan, Global Savings Club and Sukuk Al Waqf
Dubai is home to more than 55,000 high net-worth individuals and over $3tn of private wealth is within an hour’s flight of the city
Occupancy across the REIT’s portfolio increased to 85 per cent, reflecting a 13 percentage point increase year-on-year
The bank will operate as ‘Saudi Awwal Bank’ after obtaining the necessary regulatory and shareholders’ approvals
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 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