On October 6, 2022, First Abu Dhabi Bank (FAB) brought together some of the world’s brightest minds in climate action when it hosted The...
Finance
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Dubai Islamic Bank posts 34% rise in net profit for Q1-Q3 2022
Dubai Islamic Bank posted Dhs4.101bn in group net profit for the first nine months of the year, rising 34 per cent year-on-year, against...
Abu Dhabi’s ADCB reports 22% rise in net profit for first nine months of 2022
Abu Dhabi Commercial Bank posted a net profit of Dhs4.65bn for the first nine months of 2022, rising 22 per cent against a year-earlier...
DIFC, Global Ethical Finance Initiative to support COP28 agenda
Dubai International Financial Centre (DIFC) has entered a year-long partnership with the Global Ethical Finance Initiative (GEFI), ahead of...
Aliph Capital secures $125m investment from Abu Dhabi’s ADQ
Alternative investment fund Aliph Capital has secured a $125m investment from ADQ, an Abu Dhabi-based investment and holding company. The...
JPMorgan set to hire 20 more bankers in Saudi Arabia expansion
JPMorgan Chase & Co. is set to add another 20 people to its Saudi Arabia operation by the end of the year as it looks to capitalise on...
European investor M7 opens first Middle East office in Dubai
M7 Real Estate, a pan-European investor and asset manager owned by Oxford Properties, has opened its first office in the Middle East. The...
Mubadala, KKR partner to co-invest in private credit in APAC region
Global investment firm KKR and Mubadala Investment Company (Mubadala) have signed a strategic partnership to co-invest across performing...
Arada successfully closes $100m tap of sukuk issuance
Real estate developer Arada has closed a $100m tap of its existing $350m sukuk, which was issued in June and listed on the London Stock...