The Abu Dhabi Securities Exchange (ADX) Group today made global capital markets history with the world’s first bell-ringing ceremony aboard a moving passenger train, transforming Etihad Rail’s Abu Dhabi–Fujairah service into a stock market trading hall.
Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies.
Saudi Reinsurance Company is set to acquire a strategic 22.5% stake in British company AdA Risk Holding, which owns the operating rights for Syndicate 2024 in the Lloyds insurance market, following the go-ahead from the kingdom’s Insurance Authority.
Abu Dhabi-based BlueFive Capital has completed the sale of its landmark building SYSTEMS in London to JD.com, a leading supply chain company. Comprising 127,000 sq ft of Grade A office space, the building will become JD.com’s UK headquarters.
DMCC, a leading international business district in Dubai, has signed a strategic memorandum of understanding (MoU) with the Botswana Stock Exchange Group (BSE), operator of the Botswana Mercantile Exchange (BMX), to strengthen Botswana's access to global commodity markets by connecting its emerging commodities exchange with Dubai's international trading, finance and logistics ecosystem.
Azura Partners, a global wealth manager serving ultra-high-net-worth individuals, entrepreneurs and institutions, has opened its office in Abu Dhabi Global Market (ADGM), thus establishing a permanent, on-the-ground presence in one of the world’s fastest-growing centres for global private wealth.
The Middle East Stablecoin Association (MESA), the region's first industry body dedicated exclusively to stablecoins, today announced that it has been incorporated in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region as a Non-Profit Incorporated Organisation (NPIO).
Ajman Bank has listed a $300 million Additional Tier 1 (AT1) perpetual sukuk on Nasdaq Dubai, marking its first capital securities issuance and strengthening its regulatory capital base. The issuance was around 1.7 times oversubscribed, attracting orders of more than $500 million.
Dubai Islamic Bank (DIB) has reported a 10% increase in its gross revenue for the first six months of the year which soared to AED12.4 billion ($3.38 billion), backed by growth in financing and fee-based income, while stronger asset quality and capital levels helped underpin profitability.
The Future Investment Initiative (FII) Institute, a global non-profit foundation with an investment arm and one agenda, Impact on Humanity, will celebrate its 10th anniversary with FII10, taking place in Riyadh from October 26 to 29 under the theme “The Power of Legacy.”
