Banking & Finance
Fundraising allow investors to invest in exchange for equity/ownership
Emirates NBD increased its Q3 net profit by 51% YoY
Driven by strong stock performance
Resilient performance supported by strong capital adequacy
TECOM Group saw a 70% increase in its Q3 profits
Fund will be used to acquire sizeable positions in mid-market firms
Investments climbed by AED 16.6 bn in first 8 months
17% less than the value recorded during same period in 2021
But no formal approach has been made as of yet
Is the metaverse, the next frictionless frontier for Mastercard customers
SMEs account for more than 95% of all businesses in the country
Dubai beats UK, MENA in terms of internet download speed
Musk agreed to pay price he initially offered before trying to quit deal
Final agreement may happen in coming days
To grow its utilities portfolio
Sale expected to close in Q4 '22
Credit Suisse tries reassuring investors as financial fears rise
Company aims to expand its digital portfolio
Exchange operations continued during closure
More start-ups, institutional investors choosing to reside in region
Turkish lira fell to a record low of 18.42 per dollar
Driven by high oil prices, high interest rates, and new projects
