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Medium-sized enterprises took the largest share at 57.5 percent or SAR158.411 billion in March 2024
Strong demand seen from the eight primary dealers for both the 3-year and 5-year tranches of the sukuk
Partnership offers investors more efficient and unique ways to manage their portfolios
107 asset and fund managers operating in ADGM, currently managing 137 funds
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
Company's diverse ventures generated total proceeds of AED99 billion in 2023
This represents a 3.66 percent rise compared to the previous month
In-store payments, self-service checkouts and eCommerce solutions to transform global payment sector
The studio will focus on investments in Hedera-powered Web3 startups and enterprises building bankable DeFi solutions
Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Banks demonstrated resilience and proactive strategies in adapting to market conditions
The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year
The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter
By the end of March, revenues amounted to around $7.27 billion, down from $8.31 billion in the same period of 2023
The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase
Toll usage revenue also grew by 8.1 percent YoY to $133.67 million
Agreement to facilitate the settlement of cross-border trade transactions in the two national currencies
The Authority saw growth in ESG securities listings, totaling $11.72 billion in new ESG bonds and Sukuk listed
The airline’s revenue rose by $268.7 million from Q1 2023 to Q1 2024
The solid performance is attributed to ADNIC's strong underwriting discipline and substantial growth in key metrics
The deal aims to expedite AI innovation, cultivate cutting-edge energy and industry solutions
This represents a 34 percent increase compared to the net profit of $145.1 million achieved during the same period last year
Cash flow from operating activities stands at $33.59 billion
