The UAE economy has shown remarkable resilience to the conflict in the Middle East, supported by strong buffers, timely and well-targeted policy response including by the government and the CBUAE Financial Institution Resilience Package, and the rerouting of oil and other trade flows, an International Monetary Fund (IMF) mission has said.
First Abu Dhabi Bank (FAB), the UAE’s global bank, has reinforced its position as the highest-rated banking group in the MENA region and among the highest-rated globally, with AA- or equivalent ratings and stable outlooks following the latest affirmations by Moody’s, S&P Global Ratings and Fitch Ratings, the bank said.
The Association of Chartered Certified Accountants and the Union of Arab Securities Authorities held their first joint regional initiative, bringing together representatives from 11 Arab securities and capital market regulators to discuss emerging fraud risks and ways to strengthen governance and financial market resilience.
Bahrain Bourse has announced that it has sealed a strategic partnership with IDX, a global leader in corporate and investor relations websites, to strengthen the digital investor relations capabilities of listed companies at the kingdom’s stock exchange by offering advanced IR solutions.
Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support.
The Abu Dhabi Securities Exchange (ADX) Group and the Botswana Stock Exchange (BSE) have signed an agreement for the BSE to become the first African exchange to join the Tabadul hub, a cross-border trading and market connectivity platform.
Sav, the region’s rapidly growing consumer fintech platform, and Visa, a world leader in digital payments, have signed an exclusive five-year, multimillion-dollar strategic partnership that will see Visa become Sav's exclusive card network across the UAE and Saudi Arabia.
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.
