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EBITDA rose by 4 percent to $2.11 billion, resulting in an EBITDA margin of 44 percent
This funding round was spearheaded by tali ventures, with additional contributions from the Dutch Founders Fund and Crescent Ventures
The agency notes a rise in foreign currency sukuk issuance, particularly in real estate and finance, to attract foreign investment
The future of banking will be defined not by head-to-head competition with fintech companies, but by cooperation
The new facility will act as a hub for co-designing cutting-edge payment solutions for Kingdom and GCC
CYVN Holdings investment would bring McLaren access to additional capital and expertise particularly in the field of electric vehicles
During Q3, net profit surged to AED719 million, representing the highest quarterly net profit in the past three years
For FY 2025, estimated expenditures are set at AED86.26 billion, with anticipated revenues of AED97.66 billion
Partnership to empower millions of Orange Money wallets with digital payments by 2025, boosting financial inclusion in seven countries
CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism
Maintaining a leadership position in a rapidly evolving market requires immense commitment and adaptability, says Amir Tabch
Sir Nicholas Patten replaces the Right Honourable Sir Peter Blanchard KNZM after he recently retired as an ADGM Court of Appeal Judge
A remarkable 68 percent increase in revenues and a 45 percent rise in net profits compared to the same period last year
These agreements were revealed during the recent Gitex Global 2024 event in Dubai
Payments, blockchain and AI, among others, are shaping the region’s financial sector
This collaboration will drive growth and create opportunities for digital services, IoT solutions, and B2B offerings
During the first nine months of 2024, CBD reported a 12.1 percent rise in operating income to AED4.164 billion
SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June
Customer deposits in current and savings accounts totaled AED169 billion by the end of September 2024
The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029
Dubai Islamic Bank currently boasts an outstanding value of over $9 billion through 11 sukuk listings on Nasdaq Dubai
This infrastructure and tailored services will enable secure, efficient processing of local ecommerce transactions
This collaboration seeks to enhance market liquidity and financial stability, aligning with the ADX’s vision
GCC banks have sufficient external liquidity to cover outflows in most cases
