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UAE's digital VAT refund system processed 19.67 million transactions during this period
Acquisition includes UCB’s neurology portfolio and allergy portfolio in Mainland China, in addition to UCB’s Zhuhai manufacturing site
Term deposits exceeding 12 months recorded AED44.48 billion at the end of May, up by 0.52 percent
The group reported 7.73 percent surge in net profit, 4.79 percent rise in revenues in H1 2024
Number of financially included women has risen in the last few years, growing by 252 percent from 2016 to June 2024
The program has facilitated the implementation of over 212,800 projects
The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025
Hamdan Innovation Incubator supported 109 Emirati tech startups in H1 2024
The value of the global market for stablecoins is currently at $150 billion and is set to grow exponentially to $2.8 trillion by 2028
This transaction values BFL at $1.2 billion
The paper noted that banks in Kuwait have strong capital and liquidity despite growth constraints
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
Egypt's external debt to GDP ratio reached 39.8 percent in the first quarter, down from 40.5 percent at the end of June 2023
Qatar Airways will expand its reach to 45 destinations across 15 African countries
This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency
The quarter saw a 2.7 percent quarterly increase, adding around SAR46.724 billion to the reserve
The UAE capital’s international financial center saw its AUM grow by 226 percent in H1 2024
The space is competitive and will breed significant innovation in the next few years
Country aims to mobilize over AED 1 trillion in sustainable financing by 2030
This partnership will foster joint initiatives like roadshows, seminars, research collaborations, and training programs
The team's high efficiency, continuous training, and access to advanced technology drive the success
Local currency-denominated sukuk issuance has dropped by 8.8 percent year-on-year, primarily due to lower issuances in Türkiye, Pakistan, UAE and Malaysia
The port operator invested $994 million in capital expenditures during the period
Agreement signing coincides with the 40th anniversary of the establishment of diplomatic relations between the UAE and China
