CBUAE maintains interest rate applicable to borrowing short-term liquidity from the regulator through all standing credit facilities at 50bps above the base rate …
UAE government revenues reach Dhs148.1 billion in 3rd quarter
In line with the open data policy followed by the United Arab Emirates, the Ministry of Finance announced on Wednesday the results of the preliminary government finance statistics report for the third …
UAE state revenues rise to AED 148.1 billion during Q3
According to the Emirates News Agency (WAM), the preliminary results showed an increase in revenues at the state level from AED 126.3 billion during Q3 of 2021 to AED 148.1 billion during Q3 of 2022.
Dubai IPO boom sees banks target more Middle East deals in 2023
Dubai is one of a number of IPO hubs that are attracting global banking talent Dubai IPO boom sees banks target more Middle East deals in 2023 Dubai, GCC IPO activity, GCC IPO market, IPO, IPO …
Ministry of Finance revenues rise to Dh148.1b in third quarter of 2022
Ministry of Finance announces the results of the preliminary Government Finance Statistics at the state level for The third quarter of of 2022. The U …
Dubai Is a New Hotspot for Idle Bankers Chasing IPO Deals
In a year that’s seen the worst slump in initial public offerings since the financial crisis, investment bankers covering deals in the Middle East are busier than ever.Most Read from BloombergMusk …
UAE banks to outperform peers with 6.4% annual revenue growth
Banks in the UAE and the rest of the Middle East and Africa are expected to outperform many of their peers globally, with retail revenues in the region forecast to grow 7.7% every year between 2021 …
IPO frenzy makes Dubai a hotspot for idle bankers chasing deals
Investor demand is strong, with this week’s dual listing of Americana Restaurants International Plc drawing $105 billion of orders for its $1.8 billion offering …
Deloitte successfully advises Taaleem on its initial public offering on the Dubai Financial Market
Deloitte successfully advised Taaleem Schools (Taaleem), one of the largest K-12 premium education providers in the UAE, on its initial public offering …
Sudan Strikes Deal With UAE Firms for $6 Billion Port
Sudan’s military government has signed a $6 billion preliminary agreement with two firms from the United Arab Emirates to construct a new port on the Red Sea coast …
Adnoc invites banks to pitch for gas business IPO
Bankers familiar with the matter said a request was sent to a select number of banks last week for proposals to act as joint global coordinators and bookrunners in …
UAE banking revenue to surge
Growth at a compounded annual rate of 6.4% is expected between 2021-2026 UAE banking revenue to surge Boston Consulting Group, digital payments, ESG, GCC banking sector, gcc economy, retail banking, …
UAE retail banking revenues set for steep rise
Customers had increased trust in their bank during the Covid crisis than at the start of the pandemic in 2020, according to Boston Consulting Group …
Bank of China lists $300 mln bonds on Nasdaq Dubai
Bank of China , one of China’s top four state-owned banks, has listed $300 million bonds on Nasdaq Dubai, the United Arab Emirates’ state news agency WAM said on Tuesday.
UAE retail banking revenues expected to grow at a compounded annual rate of 6.4% between 2021 – 2026
Dubai: The United Arab Emirates (UAE) retail banking revenues are expected to grow at a Compound Annual Growth Rate (CAGR) of 6.4% between 2021 to 2026, a steep rise from 0.1% from 2016 to 2021, while …
Dubai’s Emirates NBD reshuffles management team
Dubai-based lender Emirates NBD has announced various strategic changes to its group executive committee, including expanding the responsibility of existing senior management team members. Suvo Sarkar …
UAE banks to ‘accelerate’ Emiratisation; boost SME support
Members of the CEOs Advisory Council of UAE Banks Federation (UBF) have recently met to discuss the latest developments in the sector, including ongoing efforts to promote Emiratisation. During the …