The chairman of Saudi National Bank has resigned for “personal reasons” after his comments on Credit Suisse sent that firm’s stock cratering. A filing on Monday on Riyadh’s Tadawul stock exchange …
UPDATE 1-Saudi National Bank appoints new chairman after Credit Suisse loss
Saudi National Bank , the largest shareholder in Credit Suisse before the bank’s rescue earlier this month, on Monday named a new chairman after the lender suffered significant losses on its …
UAE approves AED299m housing assistance for Emiratis
The funding was approved for house construction, completion, purchase, maintenance, and upgrades UAE approves AED299m housing assistance for Emiratis Emiratis, housing, housing loans, housing …
Why Goldman Sachs alumni are being hoovered up by elite hedge funds like Citadel and Millennium
The world’s top hedge funds, from Millennium to Citadel, are filling their ranks with Goldman Sachs alumni as they grow. We chart the migration.
UAE: Are gold, bonds best bets for investors amid global market turmoil?
Individual investors are urged to remain calm, evaluate their portfolio to understand the risk exposure and take a systematic approach to assess overall holdings …
Dubai’s 1 Billion meals campaign raises $67m in a week
Dubai’s 1 Billion Meals Endowment campaign raised AED247m (AED67m) in the first week. Dubai’s 1 Billion meals campaign raises $67m in a week 1 Billion Meals Endowment, Ramadan, Ramadan 2023, Sheikh Mo …
UAE strongly condemns Israel’s decision to allow resettlement, authorise new settlement in occupied Palestinian territories
Ministry of Foreign Affairs stressed the need to support all regional and international efforts to advance the peace process in the Middle East …
UAE Central Bank launches CBDC strategy: The Digital Dirham
The Central Bank of the UAE (CBUAE) has taken a significant step to launch its Central Bank Digital Currency (CBDC) strategy titled ‘The Digital Dirham’ through a joint signing ceremony with G42 Cloud …
Al Ansari Financial Services Increases Number Of Shares Allocated To Retail Investors In Its IPO
ABU DHABI, 24th March, 2023 (WAM) — Al Ansari Financial Services today announced that following the approval from the Securities and Exchange …
Dubai International Financial Center
Edmond de Rothschild Group strengthens its investment and long-term commitment to the region with the opening of an advisory office – Edmond de Rothschild (Middle East) Ltd – in Dubai …
Al Ansari boosts stake allocated to retail investors in IPO
Following the offering, the selling shareholder will continue to hold a stake of 90%. The IPO subscription period remains unchanged. The UAE Retail Offer closed on March 23 and the qualified investor …
UAE: Al Ansari Increases IPO Size For Retail Investors
Al Ansari Financial Services on Friday announced that it has increased the number of UAE retail shares in its initial public offering (ipo) – raisin …
UAE emphasises significance of impact investing in achieving sustainable development goals
The UAE has emphasised the significance of impact investing in achieving sustainable development goals and promoting the G20 roadmap for sustainable finance. This was highlighted as the UAE …
Dubai real estate market records AED1.8bn worth of transactions on Thursday
The Dubai real estate market recorded AED1.8 billion worth of transactions on Thursday, March 23. Yesterday’s property deals included sales transactions worth AED1.44 billion, 94 mortgage deals of …
UAE’s central bank to launch CBDC soon
Central Bank of United Arab Emirates (CBUAE) is close to releasing its central bank digital currency (CBDC), called the digital dirham. It’s believed that the currency will support domestic and …
Al Ansari IPO: UAE money exchange increases number of shares on offer for retail investors
Al Ansari Financial Services, the UAE money and exchange company, has increased the number of shares allocated to retail investors in its initial public offering due to “strong demand”. The retail …
Dubai’s Al Ansari Financial Services raises IPO size for retail investors to 7.5%
Dubai remittance company retains overall IPO size at 10% Dubai: Al Ansari Financial Services has increased the size of the retail component of its IPO to 7.5 per cent from 5 per cent, given the scale …