Saudi Arabias ACWA Power Proposes $1.9bn Rights Issue
Saudi Tadawul authority said the company has applied for the issue to increase in its paid-up capital Read more
Hackers Steal $2.2bn In Crypto In 2024 Amid Bitcoin Bull Run: Report
The number of individual hacking incidents increased from 282 in 2023 to 303 in 2024, resulting in these losses Read more
AD Ports Group Doubles Its Revolving Credit Facility At Better Terms
The Abu Dhabi-based group successfully refinances and upsizes its existing RCF from $1 billion to $2.125 billion Read more
Dubai-based DP World Issues The Regions First Blue Bond
The $100 million, 5-year Blue Bond priced at 5.25% coupon rate; Will fund significantly under-funded SDG 14 and SDG 6 o... Read more
US Federal Reserve Cuts Interest Rates For Third Time, Dials Back 2025 Outlook
Incoming president Trump's policy agenda on tariffs and taxes looms over the Fed's outlook, though Fed chair Powell cal... Read more
ADIO And EXIM Forge MoU To Boost US-UAE Trade In Key Sectors
It marks a significant milestone in facilitating the import and export of raw materials, services and technology, parti... Read more
UAE Central Bank Cuts Base Rate By 25bps
The new rate will be effective from December 19 Read more
Saudi Arabia Approves Licence For D360 Digital Bank
D360 Bank given approval to launch operations in Saudi Arabia Read more
UAE Banks Team Up To Fund $178m London Student Real Estate Development
UAE’s Emirates NBD and Abu Dhabi Islamic Bank close funding arrangement for Purpose-Built Student Accommodation in Lo... Read more
India-based FAAD Capital Expands Global Footprint With Dubai Launch
The fund organised the inaugural Dubai edition of the FAAD Network Investor Meet Read more
Hex Trust Launches Fiat On/off-ramp Services In Dubai
The new service will enable investors in Dubai to seamlessly move their cryptocurrencies into fiat currencies Read more
UAE Payments Sector To Hit $27.3bn In 2028
UAE defies global slowdown with massive increase in digital payments Read more
Saudis Red Sea International Raises $104mn Credit Facility From Riyad Bank
The three-year financing is meant to support the construction of a staff camp Read more
UAE Corporate Tax Hike To Fuel Influx Of Multinational Companies Flocking To Freezones
A Domestic Minimum Top-up Tax (DMTT) will take effect in the UAE for financial years beginning on or after 1 January 20... Read more
Middle East Sees Surge In 2024 M&A Activity As Sovereign Wealth Funds Lead Investments
Global M&A market overall deal value will reach $3.5tn by the end of 2024 as Middle East sees significant growth Read more