From emptied accounts to fraudulent credit card charges, customers reportedly face blame and recovery agents — instead of solutions …
Saudi Arabia’s MC4 to raise $229 mln after IPO priced at top of range
Saudi Arabia’s Fourth Milling Company (MC4) said on Thursday it is set to raise $229 million from an initial public offering (IPO) on its local stock exchange.
Revealed: Why Ruto’s govt plans to borrow over KSh 193.5b from UAE
President William Ruto’s administration held talks with the United Arab Emirates (UAE) to secure over KSh 193.5 billion for the fiscal year 2024/25.
UAE issues Dh1.1 billion Islamic treasury sukuk for September 2024
The Ministry of Finance (MoF), as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuance and payment agent, announced the results of the auction for Islamic Treasury …
UAE Central Bank raises economic growth forecast
The Central Bank of the UAE (CBUAE) raised its forecast for 2024 GDP growth to 4.0 per cent from a previous forecast of 3.9 per cent, citing improvement in..
UAE banking sector showcases resilience with strong capital buffers, favourable liquidity conditions: CBUAE
The Central Bank of the United Arab Emirates (CBUAE) issues its Financial Stability Report for 2023. The report provides a comprehensive assessment of the stability of the UAE financial system and its …
Unlock Key Trade And Economic Insights On UAE For Strategic Advantage With Maersk’s Latest E-Book
( MENAFN – Khaleej Times) Maersk has launched the third edition of its IMEA supply chain Digest e-book providing critical insights into key markets of the Indian subcontinent, Middle East and Africa …
Dubai Seeks to Fast-Track Hedge Fund Boom With New Platform
Capricorn Fund Managers Ltd. is starting a regulatory hosting platform in Dubai that seeks to help hedge funds and investment companies quickly start operations in the city’s financial hub.
Dubai-based GulfNav’s board approves capital hike to take over Brooge
In a statement on the Dubai Financial Market (DFM), GulfNav said the capital hike will be covered through a cash consideration, new shares worth around AED 448.5 million ($122 million) and mandatory …
LinkedIn Ranks Top 10 Startups in KSA, UAE for 2024
LinkedIn has released its annual Top Startups list, featuring the top 10 companies attracting talent in Saudi Arabia and the UAE, respectively. The lists aim to help professionals seeking career …
Ministry of Finance holds 3rd session of ‘Customer Councils’ Initiative to zero out government bureaucracy
The Ministry of Finance (MoF) held the third session of the “Customer Councils” initiative, as part of the “Zero Government Bureaucracy” programme. The initiative seeks to gather feedback from both …
UAE Central Bank announces M-Bills auction with four treasury bond issues
ABU DHABI: The Central Bank of the UAE (CBUAE) today announced an auction of Monetary Bills (M-Bills) on 30th September. The auction includes four issues of M-Bills Treasury bonds.
UAE: Etihad ‘working hard’ to be IPO-ready if shareholder decides to list, says CEO
The airline is improving transparency, governance and its balance sheet to be ready to go public if ADQ decides to do so …
Kenya close to agreeing $1.5 billion budget support loan from UAE – source
Kenya’s government is close to agreeing a $1.5 billion loan from the United Arab Emirates with an interest rate of 8.2% which will help bridge the East African nation’s financing gap, a source …
Banking giant Investec opens its Dubai office at DIFC
The new office of the international bank and well-known wealth management company is at Central Park Towers in DIFC …
UAE c.bank sees 4% GDP growth in 2024, state news agency reports
The United Arab Emirates central bank raised its forecast for 2024 GDP growth to 4% from a previous forecast of 3.9%, citing improvement in the oil sector’s performance, the state news agency (WAM) …
Investec opens office in Dubai’s financial centre
Investec opens Dubai office to access $3tn private wealth, offering banking and investment services in a rapidly growing …