Connected the exchanges with international investors, Middle East policymakers and stakeholders from across the public and private sectors …
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UAE closes dollar bond issuance
The UAE’s Ministry of Finance has closed a US dollar-denominated bond issuance. The dual-tranche sovereign bond package is comprised of medium and long-term tranches: a 10-year tranche and a 30-year …
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Abu Dhabi Islamic Bank and Visa sign exclusive partnership deal
This agreement aims to grow digital payments in the UAE offering innovative experiences and products that deliver value to the bank’s diverse customer segments …
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UAE’s $3bn sovereign bonds 5 times oversubscribed
Dual-tranche $3 billion sovereign bonds issued by the UAE were five times oversubscribed, receiving more than $15bn in orders with the size doubled from an initial $1.5bn target, the Ministry of …
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UAE dual-tranche USD dollar bond issuance oversubscribed by 5 times
The UAE Ministry of Finance, has successfully closed its offering of a US dollar-denominated dual-tranche sovereign bond package, which is comprised of medium and long-term tranches: a 10-year tranche …
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Dubai free zone operator Tecom set to price IPO at top of the range
Image Credit: WAM Dubai: Tecom Group is set to price its initial public offering at the top of the range, signaling continued strong demand for listings in the Middle East. Dubai’s government …
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Dubai free zone operator Tecom set to price IPO at top of range
Tecom’s IPO is the second of 10 planned privatizations as part of Dubai’s plans to deepen its capital markets. The first of these share sales, Dubai Electricity & Water Authority’s (DEWA …
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Voyager in distress as 3AC fails in paying the loan back
Voyager Digital, the crypto broker recently announced a loan of $200 million from Alameda ventures. Amidst the announcement, the crypto broker also publicized the loan that they had given to the hedge …
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Dubai’s TECOM $455mln IPO heavily oversubscribed – document
DUBAI – TECOM Group’s initial public offering (IPO) is heavily oversubscribed at the top of its share price range, suggesting the Dubai business park operator could raise 1.67 billion dirhams ($455 …
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UAE to issue dollar-denominated sovereign bonds
The UAE has announced plans to tap the market with a dual-tranche US dollar-denominated bond. The benchmark size bonds will have a 10-year tranche and a 30-year Formosa tranche, the finance ministry …
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Tecom to price IPO at top of the range
The IPO of Tecom, the Dubai real estate developer, is due to be priced at Dh2.67 a share, the top of the initial range, as investors continue to crowd into deals from the Gulf region. At the final …
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UAE to Woo Investors With High-Quality Debt Amid Recession Fears
Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ …
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UPDATE 1-UAE selling two-tranche dollar bonds with Formosa portion
The United Arab Emirates is in the market with a two-tranche U.S. dollar-denominated bond sale comprising a 10-year tranche and 30-year Formosa portion, a bank document showed on Thursday. Initial …
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UAE to issue dollar-benchmarked dual-tranche sovereign bonds
The 10-year tranche will be listed on London Stock Exchange (LSE) and Nasdaq Dubai, and the 30-year tranche will be listed on London Stock Exchange (LSE), Taipei Exchange, and Nasdaq Dubai. Abu Dhabi …
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Emirates Development Bank Heralded By UAE Industry Leaders At The Make It In The Emirates Forum
Emirates Development Bank (EDB) has been heralded by UAE industry leaders for its role as the key financial engine of the nation’s economic diversificat …
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UAE: Authority issues fresh warning to iPhone users
The UAE on Thursday issued a fresh warning to residents to beware of scam messages targeting iPhone users. The Telecommunications and Digital Government Regulatory Authority (TDRA) posted an awareness …
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Caf to supply passenger trains for UAE railway
Spain’s Caf Group has been awarded a AED1.2bn ($327m) contract to provide passenger trains for the UAE’s Etihad Rail. Caf will design, manufacture, supply, and provide mainten …
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