Raiffeisen Bank International said on Friday it is selling its Belarus business at a loss to an investor from the United Arab Emirates, as the Austrian lender faces mounting pressure to also pare back …
Dentons advises The National Bank of Ras Al-Khaimah P.S.C. on its inaugural issuance of $250mln 5.8732% Tier 2 Capital Securities due 2034
Dubai – Dentons has advised The National Bank of Ras Al-Khaimah P.S.C. (RAKBANK) on its issuance of US$250 million 5.8732% Tier 2 Capital Securities due 2034. The transaction was completed on 20 …
Why UAE stock market investors will love US interest rate cut – and with more to follow
For UAE businesses, high finance costs were an issue for 2 years – now it will get better Leading stock markets have been pushing higher since Wednesday’s Fed rate cut. On DFM and ADX, the same vibes …
PJT Partners to buy Dubai-based advisory firm deNovo
DUBAI, Sept 18 (Reuters) – PJT Partners (PJT.N), opens new … TelevisaUnivision to replace Wade Davis as CEO 10:03 PM UTC · Updated ago Sustainable Finance & Reportingcategory Boeing furloughs …
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How will US Fed rate cut affect UAE mortgages?
Interest rate cuts by the US Federal Reserve and the UAE Central Bank are expected to make mortgages more affordable for end users. The Fed cut US interest rates by 50 basis points on Wednesday, …
UAE leader to visit Biden at White House on Sept. 23
U.S. President Joe Biden will host the leader of the United Arab Emirates at the White House on Sept. 23 to discuss strengthening regional stability and reducing tensions, the White House said on …
Pappu Sastry reveals bulker operator ambition for Adhira Shipping after London IPO
Dubai charterer Adhira Shipping & Logistics (ASL) will move into bulker operating once it has got its London initial public offering (IPO) off the launchpad. The Pappu Sastry-led company manages the …
Paul Taubman’s PJT Buys DeNovo to Capture Mideast Deals Boom
PJT Partners agreed to acquire Dubai-based advisory firm deNovo Partners, giving Paul Taubman’s investment bank a greater foothold in the Middle East amid a surge in regional dealmaking activity.
Roger Ferguson, Japan’s SBI Agree to Invest in Dubai Firm Gateway Partners
Japanese financial conglomerate SBI Holdings Inc. and former Federal Reserve official Roger Ferguson agreed to buy minority stakes in Gateway Partners Group, the latest Dubai financial firm to attract …
$100 billion AI infrastructure fund launched by Microsoft, BlackRock, UAE firm
Investment “goes beyond what any single company or government can finance.” I wouldn’t be so fearful if we lived in a socialist country, where all could depend on safety no matter what the economy …
Emirates Development Bank underscores commitment to Sharjah’s economic growth at SIF 2024
As the UAE’s development bank, EDB drives economic diversification and industrial growth across the emirates. Since the launch of its strategy in April 2021, EDB has provided over AED 12 billion in …
Trafigura inks $150m finance deal to ship bulker cargoes out of UAE
Swiss trader and shipowner Trafigura has revealed a new finance deal to support dry cargo shipments out of the United Arab Emirates. The company said it has signed a $150m package over two years for …
Dubai: Gold prices jump to new high after Fed rate cut
At 3pm UAE, gold was trading at $2,588.04 an ounce … the Federal Reserve’s dot plot shows a steeper decline in interest rates than previously forecast by the central bank. This trajectory could …
UAE Central Bank cuts base rate to 4.90% following US Fed cecision
The Central Bank of the United Arab Emirates (CBUAE) has announced a reduction in its Base Rate by 50 basis points, effective from September 19. The rate, which applies to the Overnight Deposit …
UAE banking sector’s liquid assets rise to Dhs800 billion by end of Q2 this year
The UAE banking system is well-capitalised, with a total capital adequacy ratio of 18.3 per cent at the end of Q2 2024, up from 18 per cent at the end of Q1 2024 and 17.9 per cent at the end of Q4 …
Catalyzing Change: How UAE-Based Holo, The Middle East’s First Digital Mortgage Platform, Is Transforming The Process Of Buying A Home
Hunter’s journey from mortgage broker to leading Holo has been a result of … We successfully secured additional investments from our previous investors, Orxy Fund and Dubai Future District Fund, who …