The bond issue will strengthen the local currency bond market and help UAE corporations looking to raise capital.
Emirates NBD Is First Bank to Issue Dirham-bond Following UAE Federal Government’s Establishment of Yield Curve
Emirates NBD, one of the leading banks in the MENAT region, has announced the successful pricing of its inaugural AED 1billion dirham-denominated bond, …
Dubai Emirates NBD prices dirham bond issuance
In a statement issued on Wednesday, Emirates NBD said the issuance, the first such by the lender, will “support the further development of a medium-term bond yield curve and facilitate access to …
English Court Sees No Obstacles to Enforcement of An English Court Judgment in The UAE
The English Commercial Court has held, in the context of an application for security for costs against a United Arab Emirates (UAE)-domiciled bank, that there is no real risk that a judgment of an Eng …
First Abu Dhabi Bank launches $500m Islamic bond
(FAB), the UAE’s largest bank, has launched a $500m Islamic Bond. The 5-year sukuk was priced at 90 basis points over the US Treasury Rate, which is equivalent to a profit rate of 4.581 percent and is …
Adnoc intends to proceed with an IPO of a minority stake in Adnoc Gas on ADX
Adnoc, a reliable and responsible provider of lower- carbon intensity energy, has announced the formation of Adnoc Gas, effective 1 January 2023, its new world-scale gas …
First Abu Dhabi Bank raises $500m through Islamic bond
Chris Whiteoak First Abu Dhabi Bank reported a 19 per cent rise in its net income for the first nine months of last year. Chris Whiteoak / The National . First Abu Dhabi Bank, …
Many reasons why global hedge funds can make their presence felt in Dubai and at DIFC
Hedge funds looking to expand their horizons are turning to Dubai with a sense of optimism at a time when they see more challenging operating environments in more established markets. Dubai and …
Dubai school operator Taaleem reports 14% increase in first-quarter profit
Dubai school operator Taaleem Holdings has reported a 14 per cent increase in its first-quarter profit on the back of higher revenue as enrolment continued to rise across its schools. Net profit for …
Dubai Financial Market, Dubai World Trade Centre team up to hold MENA region’s first IPO-focused summit
The launch of the event series comes at an opportune time for Dubai and the wider region’s investment community following record IPO activity in 2022 Dubai Financial Market, Dubai World Trade Centre …
CBI governor visits UAE to facilitate banking interactions
Governor of the Central Bank of Iran (CBI) has left Tehran for the United Arab Emirates to facilitate the monetary and banking relations with the country.
UAE: Man sues phone scammer after losing Dh52,000; court dismisses case
The fraudster asked victim for bank details, claiming that he had won a million-dollar prize, and took the money from his account …
Gross bank assets rose to Dhs3.58tn by end of Oct 2022, reveals Central Bank of UAE
The central bank attributed the increase in domestic credit to the increase in credit granted to the public and private sectors …
Mandatory Emiratisation in UAE: Firms speed up hiring, training of Emiratis
As a result of the new mandates, recruitment firms say that the demand and salaries of young Emiratis have grown exponentially, with more and more women being hired …
Dubai Records Over AED2.1 Bn In Realty Transactions Monday
Dubai real estate market recorded 505 sales transactions worth AED1.56 billion, in addition to 98 mortgage dea …
DFM, DWTC to launch MENA IPO Summit
The Dubai Financial Market (DFM) and the Dubai World Trade Centre (DWTC) today announced their partnership to host the MENA IPO Summit – Dubai, an essential new platform set to unite the entire IPO …
UPDATE 1-IT services firm to be Qatar’s first to use book building for IPO
Qatari IT services firm MEEZA will be the first company in the country to use book-building to carry out an initial public offering, it said in a statement on Sunday, as Qatar aligns itself with …