Business

First Abu Dhabi Bank (FAB) has successfully issued the Middle East and North Africa's first digital green bond, valued at AED1 billion ($272.3 million). This landmark issuance, which combines distributed ledger technology with sustainable finance, was priced on October 13…

The British pound strengthened against the US dollar on Thursday, marking its largest daily rise since mid-August, following unexpected growth in the UK economy. Sterling rose 0.5% to $1.3253, aided by a 0.15% decline in the dollar, as traders reacted…

Netflix is set to reduce its workforce by approximately 1,000 jobs, representing about 6% of its total employees, in its largest layoff since 2022. This decision, reported by the Wall Street Journal, follows an email sent to staff by Co-CEOs…

The Qatar Central Bank (QCB) and the People's Bank of China (PBOC) have signed an agreement to extend their local currency swap arrangement, a move designed to enhance trade and direct investment between the two nations. The agreement was formalized…

Abu Dhabi Global Market (ADGM) has reported a significant surge in financial licenses following its expansion to Al Reem Island, which now accounts for a substantial portion of new licenses issued. This development marks a pivotal shift in the region's…