The group aims to expand geographically, most notably in Saudi Arabia and other markets, such as Egypt and Pakistan
The government of Dubai on Sunday announced a diversified portfolio of public-private partnership (PPP) projects worth more than Dh25 billion ($6.81 billion).
The investments, announced at a PPP conference held in the regional tourism and business hub, include seven urban development projects worth Dh22.58 billion, 14 road and transport projects worth Dh2.39 billion and eight projects in health and safety at Dh526 million ($1 = Dh3.6724).
The group aims to expand geographically, most notably in Saudi Arabia and other markets, such as Egypt and Pakistan
Key indicators slowed from June, missed forecasts; Youth unemployment touched record high in July; Property investment, sales fall, home price decline deepens; PBOC cuts key rates to revive credit demand
The food and beverages segment rose 3.9 per cent, mainly due to higher food prices and meat prices in particular, which rose as much as 5.1 per cent, according to the General Authority for Statistics
Kingdom Holding in February invested in global depository receipts of Gazprom and Roseneft worth SR1.37 billion ($365 million) and SR196 million ($52 million), respectively
Gross written contributions down marginally by 4.4 per cent from Dh420 million in first half of 2021 to Dh401.4 million in January-June 2022 with aggressive deleveraging and de-risking measures implemented
Robust business performance with gross written contribution of Dh574 million; Strong performance by subsidiaries in Egypt and Algeria, which achieved profitability growth of 64% YOY basis
More than 90 cross-functional teams participated in the challenge and DIFC FinTech Hive helped select the top 10 teams, matching them with fintech partners who worked over a six-week period to develop prototypes and present their pitch to a panel of experts from CBD’s leadership team
Providing institutional clients with global custody services, the expansion connects customers to a custodian network in 96 markets around the world and provides a leading digital platform for securi-ties services activities