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Deal marks NEOM's first corporate ECA financing and the largest untied financing ever guaranteed by SACE
The market is pricing in the possibility that the U.S. central bank will lower borrowing costs twice by the end of this year
The app offers residents and visitors access to lifestyle features, cultural activities, and exclusive services
In 2024, UAE nationals received 7,520 VAT refund applications for new residences, totaling $191.8 million
Markets are pricing in one more 25-basis-point interest rate hike for Japan by the end of this year
E-commerce dominated with 33 percent of total funding with a value of $247 million
Infrastructure boost will support growth in economic activity, strengthen regional trade and foster economic integration
Partnership will provide UAE businesses with enhanced financial solutions to fuel their international trade ambitions
This represents a month-on-month increase of 5.5 percent, or $348.5 million
The CBUAE has issued 3,000 of these commemorative coins, each weighing 60 grams
This is supported by ongoing activities from both banks and corporate entities
Auction witnessed strong demand from the eight primary dealers for both tranches maturing in May 2027 and September 2029
In the GCC region, the ESG debt capital market reached $46.3 billion outstanding
The bank aims to nurture resilient entrepreneurial talent and foster a dynamic, knowledge-driven economy
Partnership seeks to accelerate digital payment adoption, enabling the growth of a cashless economy
Gross credit rose by 0.6 percent to AED2.174 trillion by October 2024
Vision 2030 initiatives expected to boost non-oil growth by 10 percent in the Kingdom
Total profit from financing grew 20.6 percent, reaching AED3.7 billion in 2024
First phase focused on integrating the Bloomberg Auction System to enhance the local currency debt issuance process and workflows
This agreement seeks to establish a stable and investment-friendly tax framework and eliminate tax barriers
Food delivery firm Talabat raised $2 billion in its stock market debut, the largest IPO in the MENA region during 2024
Google Pay will offer users a secure and easy way to make purchases in stores, apps, and online
Dfns aims to fund administrators, with a strategic emphasis on the EU, UK, UAE and US markets
It is not just about compliance, but a potential game-changer for businesses in the region
