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EDB will provide guarantees of up to 50 percent for the financing offered to SMEs by ADIB
This acquisition expands EGA's operations across four continents, from bauxite mining to aluminium recycling
ADH will maintain a 51 percent ownership stake in ADCH
During its pilot phase, the program awarded 54 contracts to 49 SMEs, averaging AED1.8 million each
This growth is driven by the development of non-oil sectors, showcasing the emirate's economic diversification efforts
Interest rate on repurchase operations with the central bank (repo) on these bills is 5.50 percent
UAE, Saudi Arabia and Qatar account for 58.9 percent of total assets in the Arab banking sector
The Minister of Finance is confident in positive Saudi economic growth in 2025 and beyond, driven by reforms under Vision 2030
Strategic move aims to usher in a new era of growth, digital innovation and customer-centric solutions
The framework outlines six key investment areas, including biodiversity corridors, reforestation
The Omani government, along with many state-owned enterprises (SOEs), is continuing to deleverage its balance sheet
The payment service provider will use Mastercard Gateway for quick, seamless, and secure transactions in the region
This initiative showcases the UAE's ongoing commitment to supporting Lebanon during its hardships
The extension applies to short Tax Periods that conclude on or before February 29, 2024
A 4.6x oversubscription on $299.4 million issued
UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance
Urgency of climate action demands that countries prioritize climate-resilient infrastructure while unlocking the potential of private capital
This amount reflects a notable increase of AED91,728,008 ($25 million) compared to the same month in 2023
The meeting further addressed Dubai's infrastructure upgrades, reinforcing its role as an investment hub and trade link
This increase was primarily driven by significant rises in property and liability insurance premiums
Growth in 2025 will be fueled by strong non-hydrocarbon momentum and a rise in hydrocarbon production
Bank seeks to provide financing worth AED30 billion by 2026 to support 13,500 companies
The DIFC office will connect HNWIs, family offices, and financial institutions in the GCC, providing advisory services in private banking and wealth management.
The deal will drive growth in Ooredoo’s data center unit and open new opportunities in AI and cloud computing
