National Bank of Umm Al Qaiwain seems to have seen off worst of COVID-19 impact
The DFM gained 1.66 per cent and ADX closed higher by 1.15 per cent in the week ended March 4.…
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Anghami to be first Arabic technology firm to list on Nasdaq New York
Arabic music streaming service Anghami is set to become the first technology company from the region to list on New…
$7.62bln in cash dividends proposed by 38 UAE listed companies for 2020
Despite a slower and only marginal improvement in business conditions around the world, to the tune of AED29 billion in…
Long-standing ADIB board member quits post
Abu Dhabi Islamic Bank (ADIB) has announced the resignation of a long-standing board member. In a statement to the…
Saudi Arabia dominates MENA IPO market in 2020
Saudi Arabia continued to lead the initial public offering (IPO) market in the Middle East and North Africa (MENA) region…
Global Business Forum roadshows identify new business opportunities in African markets
Dubai Chamber of Commerce and Industry announced that it has concluded a series of six Global Business Forum virtual roadshows,…
Abu Dhabi's ADQ assets estimated at $110bln
Abu Dhabi's state holding company ADQ is worth $110 billion, sovereign wealth fund tracker Global SWF said - the first…
UAE's Gulf Capital exits investment in energy firm ECDC Holding
UAE-based Gulf Capital has exited its investment in ECDC Holding Corp, a provider of oil and gas drilling and production…
Saudi's Al Rajhi Bank board recommends $667mln dividend
The board of directors of Saudi Arabia’s second largest bank has recommended a dividend of SAR 2.5 billion ($667 million).…
UAE shoppers make good use of weekend gold price drop to below Dh200 a gram
UAE shoppers rushed to gold and jewellery stores over the weekend – and it’s a good thing they did as…
SABB reports resilient Q4 results, net income up by 7%
The Saudi British Bank reported a net income of SR680 million ($181.3 million) for the three months ending Dec. 31,…
UAE Central Bank imposes Dh600,000 penalty on individual linked to exchange house
The Central Bank of the UAE imposed sanctions on a non-authorised individual related to an exchange house operating in the…