UAE Banks to Benefit from High Oil Prices, Rate Rises
UAE banks’ Standalone Credit Profiles will be supported by improved operating conditions due to high oil prices and rising interest…
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Tradewind Finance announces US$ 1bln in funding globally
Tradewind Finance has announced the completion of its US$1 billion funding for 2022 - a development that’s widely expected to…
UAE lists first dirham-denominated treasury bond on Nasdaq Dubai
The UAE's first dirham-denominated treasury bond was listed on Nasdaq Dubai on Thursday, after the Dh1.5 billion ($408 million) issuance…
Dubai’s Shuaa Capital Q1 net profit falls due to asset write-down
Dubai-based investment bank Shuaa Capital has posted a drop in Q1 2022 net profit after writing down intangible assets worth…
Top Abu Dhabi Wealth Fund Closes Latin America Equities Team
ADIA, the world’s third-largest sovereign wealth fund, made the decision to terminate the internally-managed Latin America mandate at the end…
EFG Hermes entered into an agreement with Amazon
Consumer Financing Services Agreement: On 12 May 2022, valU Consumer Finance S.A.E. ("valU"), a fully owned subsidiary of EFG…
Al Masraf named new CEO
Al Masraf has announced the appointment of Mr. Graham FitzGerald as the bank’s new Chief Executive Officer (CEO). Mr.…
AFP expands to the Middle East and Africa
The Association for Financial Professionals has announced the launch of its newly formed AFP Middle East and Africa (MEA) Treasury Advisory…
Kamco Invest reports net profit of KWD 3.6mln for the first quarter of 2022
Kamco Invest has announced its financial results for the first quarter ended 31 March 2022. The Company reported a net…
KPMG launches second edition of global tech innovator competition
Following the acknowledged success of the 2021 edition, KPMG in Saudi Arabia has returned with another competition, to find the…
Dubai’s Aramex eyes new acquisitions as it posts small Q1 net profit growth
Dubai-based logistics operator Aramex is eyeing new acquisitions this year as it a posted a small rise in Q1 2022…
Unlocking green finance for Dubai real estate
A lack of incentives is limiting the development of green financial instruments in Dubai’s real estate sector While environmental,…