As the UAE solidifies its position as a leading global financial hub, its capital markets are thriving like never before.
Horizon Robotics Said to Draw Alibaba, Baidu as Investors in IPO
Alibaba Group Holding Ltd. and Baidu Inc. are among the cornerstone investors in the Hong Kong initial public offering of Horizon Robotics, a Chinese provider of software and hardware used in …
UAE stock markets close Monday in green
UAE: $381.2mln in local stock market liquidity at start of week. Image courtesy WAM. Image for illustrative purpose. The main index of Dubai Financial Market (DFM) ended Monday’s trading session …
UAE stablecoin issuer gets nod from central bank
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, the company announced in a press release.
Commercial Bank of Dubai to arrange $540mn financing for RAK Properties
The deal will provide financial agility to key development projects, including the much-anticipated Mina Al Arab …
Commercial Bank of Dubai to arrange $540mn financing for RAK Properties
The deal will provide financial agility to key development projects, including the much-anticipated Mina Al Arab …
Dubai’s home decor major Art of Living launches new campaign to time it with Dubai Home Festival
Art of Living, a premier home decor firm in Dubai, launched a new campaign – ‘Does Your House Feel Like Home?’ – apparently to pep up its sale during the ongoing Dubai Home Festival.
Cryptocurrency Regulations in Dubai are Alluring Indian Traders
Dubai has positioned itself as a leading hub for digital assets through favorable cryptocurrency regulations and progressive policies. This approach has drawn t …
UAE’s RAK Properties mandates CBD for $544mln loan
The UAE-based developr RAK Properties has mandated Commercial Bank of Dubai (CBD) to arrange a 2 billion dirhams ($544 million) syndicated long term financing facility. The facility will support RAK …
RAK Properties and Commercial Bank of Dubai forge strategic deal to support project development in Mina Al Arab
RAK Properties has mandated Commercial Bank of Dubai to arrange AED 2 Billion syndicated facility to accelerate growth in Mina Al Arab …
Can Dubai’s infra support more expats?
Dubai’s post-pandemic recovery is evident with an influx of high-paying expatriates bolstering its nearly $115 billion economy. The city’s population is projected to surge, highlighting infrastructure …
UAE reaffirms commitment to climate finance, global resilience at 4th Climate & Development Ministerial
Abdulla Balalaa UAE Assistant Minister of Foreign Affairs for Energy and Sustainability delivered a statement today at the 4th Climate amp Develop …
AED Stablecoin obtains in-principal approval from the Central Bank of the UAE to establish and issue its own currency
AE Coin combines the reliability of fiat-backed stability with the agility of blockchain technology, ensuring that each coin is fully supported by the Dirham.
Dubai Islamic Bank issues $500m AT1 sukuk at 5.25% profit rate
The proceeds from the sukuk will be used to strengthen the bank’s Tier 1 capital base, which supports its lending activities and future growth strategies …
Dubai Islamic Bank Successfully Issues Additional Tier 1 Sukuk
Dubai Islamic Bank (“DIB”) successfully issued a USD 500 million Additional Tier 1 Sukuk with a profit rate of 5.25% pe …
Dubai Islamic Bank Successfully Issues Additional Tier 1 Sukuk
Dubai Islamic Bank (“DIB”) successfully issued a USD 500 million Additional Tier 1 Sukuk with a profit rate of 5.25% pe …
UAE harnesses AI to reshape future of global financial sector
The UAE continues to lead digital transformation and financial inclusion in the Middle East region supported by the transformative power of artificia …