ADSW 2023 Highlights Role of Private Sector to Sustain UAE’s $43bn Investment in Clean Energy . Sustainable financing solutions help in funding transfor …
First Abu Dhabi Bank values $7bln financing for sustainable projects in 2022
The value of the facilities provided by the bank for sustainable projects exceeded $35bln between 2017 and 2021, highlighting FAB’s target of providing $75bln in green financing for the period 2022-20 …
UAE calls for domestic workers to be paid online
UAE defines 19 categories of domestic worker, including maid, nanny, personal trainer and personal driver UAE calls for domestic workers to be paid online domestic workers, MOHRE Culture & Society …
First Abu Dhabi Bank finances $7bn of sustainable projects
First Abu Dhabi Bank facilitated more than AED25.7bn of sustainable projects last year, says its Chief Sustainability Officer Shargiil Bashir. Bashir said FAB has made significant progress by …
UAE defends crypto push at World Economic Forum amid FTX fallout
Emirati Minister Omar Sultan Al Olama discussed Samuel Bankman-Fried’s infamous trip to Dubai, cryptocurrency regulation, decentralized finance and more in Davos.
UAE: Employers encouraged to register domestic workers for WPS
In cooperation with the UAE Central Bank, the Ministry provides all employers with the option to pay the wages of their domestic workers electronically through banks, exchange houses or financial inst …
Dubai’s DFSA slams fines on firms for repeated money laundering breaches
The DFSA expects all authorized firms to submit AML returns within the set deadlines and will look to escalate fines against recalcitrant firms,” said Ian Johnston, CEO of DFSA. “The DFSA will …
UAE approves USD 2 billion funding to cash-strapped Pakistan
The financing plan included loans worth USD 2.9 billion from the World Bank.With the current foreign reserves standing at a mere USD 4.3 billion, Pakistan may not be able to reach June without support …
Power Letters 2023: Nasser Al Awadhi, chief executive officer, Abu Dhabi Islamic Bank
Continuous innovation, segment focus, digital excellence and sustainable future are the core tenets of our 2025 growth strategy.
UAE rolls over $2B loan as Pakistan’s foreign reserves fall to record low of $4.3B
Loan was scheduled to be paid off in Feb, March, which would have depleted country’s already dwindling foreign reserves even further – Anadolu Agency …
Davos 2023: Mubadala says Emirates Global Aluminium IPO may happen this year
Emirates Global Aluminium (EGA), the Middle East’s biggest producer of the metal, may sell shares to the public as soon as the third quarter of 2023, according to the head of one of its biggest …
Payments platform Pine Labs announces UAE expansion
Pine Labs opened a new UAE office at Emaar Business Park, Sheikh Zayed Road, Dubai Payments platform Pine Labs announces UAE expansion digital economy, digital payments, financial technology, fintech, …
UAE rolls over $2bn loan, confirms Dar
The Abu Dhabi Fund for Development (ADFD) has rolled over a $2 billion deposit with the State Bank of Pakistan (SBP) that was payable over the next two months, Finance Minister Ishaq Dar confirmed on …
GCC a ‘bright spot’ for IPOs in 2022; $23bn proceeds
The total number of IPOs from the GCC jumped to 48 issuances in 2022 from 20 issuances in 2021, as per Kamco Invest analysis. Proceeds for 2022 from GCC issuers went up by 3.1x to $23.38 billion from …
UAE rolls over USD 2 billion loans to Pakistan
In a move that would create some much-needed room for Pakistan’s cramped fiscal space, the Abu Dhabi Fund for Development (ADFD) on Thursday rolled over their deposit of USD 2 billion with the State …
UAE Rolls Over $2 Billion Loan to Pakistan
Finance Minister Ishaq Dar announced on Wednesday that the Abu Dhabi Fund for Development (ADFD) has rolled over their deposit of $2 billion with the …
Dubai: UBS hires Credit Suisse bankers to target wealthy Indians
UBS in Dubai is hiring a group of private bankers from rival Credit Suisse Dubai: UBS hires Credit Suisse bankers to target wealthy Indians Credit Suisse, UBS Banking & Finance …