Dubai-listed Amlak Finance has announced that it has secured the investors' approval at the company's Annual General Meeting (AGM) for distribution of cash dividends worth AED735 million ($200 million) to its shareholders for FY 2025. This comes following a sharp rise in its annual profit for the 12-month period.
The Global Payment Services has officially joined the Bahrain Association of Banks (BAB), in a step that underscores the increasing need for closer collaboration between payment services providers and the banking sector, as the financial industry continues to evolve at pace.
National Bank of Bahrain (NBB) has signed a memorandum of understanding (MoU) with the Bahrain Development of Small and Medium Enterprises Society (BDSMEs) to strengthen support for the Kingdom’s SME ecosystem.
Dubai South, the largest urban master development focused on aviation, logistics, and real estate, has signed a strategic memorandum of understanding (MoU) with Emirates NBD, a leading banking group, to support SMEs within Dubai South and facilitate access to a range of banking services.
Nahda Capital Partners, the Abu Dhabi Global Market based private equity platform, has announced the appointment of two senior independent Investment Committee members, Anders Moberg and Ahmed Al Naqbi, strengthening the firm’s governance as it advances its inaugural GCC focused strategy.
Stake, a leading digital real estate investment platform in the region, has forged a strategic partnership with Ace & Company, a Swiss-headquartered global investment group focused on private markets, to develop secondary transfer facility for fractional real estate investments in UAE.
The Dubai International Financial Centre (DIFC), a leading global financial centre in the Middle East, Africa and South Asia region, has announced that it will become the world’s first AI-Native financial centre, embedding artificial intelligence at the foundational level of its legal frameworks, business environment, talent development, ecosystem infrastructure and physical urban fabric.
Liquidity in Saudi Arabia, measured by broad money supply (M3), rose to more than SAR3.289 trillion ($876.85 billion) by the end of February, up 8.4% year on year.
The Arab region possesses strong fundamentals, including robust sovereign balance sheets, clear growth drivers and supportive political will, said Abdulla Salem Alnuaimi, Chairman of the Arab Federation of Capital Markets (AFCM) and Group Chief Executive Officer of Abu Dhabi Securities Exchange (ADX).
Bain & Company, a leading global management consultancy, has announced it is expanding its UAE footprint with a new office space in Abu Dhabi, reiterating its long-standing commitment to the UAE’s growing role as a hub for regional and global business.
