The banker added that a more liquid and sophisticated follow-on market in the Middle East was the logical next move for the market’s development in the region, along with the ongoing introduction of …
UAE Economy Set To Expand At ‘Fastest Clip’ In GCC
Buoyed by strong performance in non-oil sectors, the UAE economy is on track to expand at the fastest clip in the region while Saudi Arabia will gro …
United Arab Bank posts 25% rise in Q1 net profit
Total income was higher by 33 per cent at Dh163 million during the period Dubai: United Arab Bank posted a 25 per cent rise in net profit after tax for the first quarter of 2024 as a result of is a …
‘Invest today to save tomorrow’: Focus on finance as Cop29 countdown begins
Azerbaijan will urge wealthy nations and companies to “invest today to save tomorrow” when it takes over from the UAE as chair of global climate talks. Finance will be a key focus of the Cop29 summit …
MoF enhances UAE’s financial inclusion drive
Since its first participation in the Global Partnership for Financial Inclusion (GPFI) in 2020, the UAE has actively engaged with the group and became a member in 2021, making headway in embracing the …
Alkhabeer Capital Plans IPO for Its Diversified Fund
Alkhabeer Capital, an asset manager specializing in Sharia-compliant investments and financial services, has announced the dates for the initial public offering (IPO) of Alkhabeer Diversified Income …
Vivek Gahlaut Dubai – A Prominent Figure in the Business World
Simultaneously, Vivek Gahlaut UAE started investing in new companies, like angel investing. In India, he used his financial knowledge & experience to help technology startups to grow. Vivek really …
Ministry of Finance enhances UAE’s financial inclusion drive
His Excellency Younis Haji Al Khoori, Undersecretary of the UAE Ministry of Finance, said: “The UAE’s commitment to financial inclusion is evident by its efforts to provide individuals and businesses …
The UAE is using a wealth fund to gain diplomatic sway
This frenetic activity reflects the UAE’s belief that it has an opportunity to exert … For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money Talks, our …
UAE Cabinet allocates AED2 billion to stand by UAE citizens with rain-damaged homes
The UAE Cabinet has approved an AED2 billion package to address the damage suffered by the citizens’ homes during the recent severe weather conditions.A ministerial committee has been tasked with …
UAE and Kenya sign investment pact to bolster mining and technology sectors
The UAE has joined with Kenya to boost investments in the mining and technology sectors as the Emirates looks to diversify its global investment portfolio. Abu Dhabi-based company ADQ has also signed …
Fintech Funding Continues To Surge As Second Edition Of Dubai Fintech Summit Commences – Middle East Business News And Information
FinTech landscape is booming with over 800 FinTech start-ups worth USD 15.5bn.
Dubai FinTech Summit to discuss latest innovations and challenges
Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond.
Saudi Arabian healthcare group Fakeeh Care Group announces IPO
Saudi Arabia’s Fakeeh Care Group, one of the largest private hospital groups in the kingdom, said on Wednesday it planned to proceed with an initial public offering (IPO) through the sale of a 21.47% …
Commercial Bank of Dubai reports Dh701 million net profit after tax for Q1 2024
Commercial Bank of Dubai (CBD) on Wednesday reported a net profit after tax result of Dh701 million for the first quarter of 2024, up 21.9 per cent (on a pre-tax basis, the result is up 33.9 per cent) …
Commercial Bank of Dubai registers net profit of AED701 million in Q1 2024
DUBAI, 24th April, 2024 (WAM) — The Commercial Bank of Dubai (CBD) announced its financial results for the first quarter of 2024. The net profit after tax was AED701 million, showing a 21.9% (on a …
Flynas Sets 2024 IPO Date Amid Expansion Plans
Saudi Arabia’s low-cost carrier, flynas, has officially announced plans for an Initial Public Offering (IPO).Read More: Spinneys’ $375 Million Dubai IPO Attracts Franklin Templeton Bander Almohanna, …