Bahrain’s Al Baraka Banking Group has delisted its shares on Nasdaq Dubai effective May 12, according to a disclosure on Friday. The company, which gained a 78 percent increase in net income for the …
( read original story …)
UAE’s First T-Bond Auction Achieves Bids Worth AED 9.4 Billion
The UAE has announced the results of the first auction of the dirham denominated federal Treasury Bonds of the UAE Government (T-Bonds), with a benchmark auction size of AED 1.5 billion (circa US$400 …
( read original story …)
Watch: Nasdaq Dubai bell marks successful issuance of UAE T-bonds
The ceremony was attended by Ebrahim Alzaabi, Assistant Governor of the Central Bank of the UAE – Monetary Policy and Financial Stability; Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market …
( read original story …)
UAE banks to benefit from high oil prices, rate rises
We affirmed all banks’ Long-Term Issuer Default Ratings with Stable Outlooks, upgraded Emirates Islamic Bank’s Viability Rating (VR) to ‘bb’ from ‘bb-’ on improved asset quality, and downgraded Mashre …
( read original story …)
UAE banks to benefit from high oil prices, rate rises
We affirmed all banks’ Long-Term Issuer Default Ratings with Stable Outlooks, upgraded Emirates Islamic Bank’s Viability Rating (VR) to ‘bb’ from ‘bb-’ on improved asset quality, and downgraded Mashre …
( read original story …)
H.E. Mohamed Bin Hadi Al Hussaini rings Nasdaq Dubai’s bell
Following the successful issuance of two tranches with a total value of AED 1.5 billion The issuance is part of an ambitious strategy to develop debt capital markets, providing investors with …
( read original story …)
Dubai Airports passenger traffic may reach pre-Covid levels earlier than expected, CEO says
“The Dubai government, I’m sure, in fullness of time will make a decision. And we will obviously embrace whatever decision that is with great enthusiasm,” he said. Asked if the company is ready for an …
( read original story …)
GFH first-quarter profit up 18.5% on higher investment banking income
Bahrain-based GFH Financial Group reported an 18.5 per cent rise in its first quarter net profit on the back of strong performance of its investment banking business. Net profit attributable to the …
( read original story …)
First auction of UAE’s federal treasury bonds gets Dh9.4 billion in bids, oversubscribed 6.3 times
Image Credit: Gulf News Archives The first auction of UAE’s treasury bonds received bids worth Dh9.4 billion and were oversubscribed 6.3 times, the finance ministry said on Wednesday.
( read original story …)
UAE’s first T-Bond auction a huge success; draws $2.56bn
The auction by the UAE, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, is part of the AED9 …
( read original story …)
Syrian-Lebanese expat raises capital from savings to launch a stylist booking app in the UAE
Multicultural upbringing, passion for beauty led long-time UAE resident to run an e-portal Syrian-Lebanese expat Haifa Addas, 45, raises capital from savings to launch a stylist booking app in the UAE …
( read original story …)
What are the top challenges facing the growth of FDI in the UAE and how can they be overcome?
Dubai achieved the top ranking in the world in attracting foreign … Carolina Arriagada also called for innovative finance solutions that not only look at one host economy, but at financing whole …
( read original story …)
Maksar brother claims Ryan Schembri transferred €25 million to Dubai bank account
Maksar’ Agius had claimed in a sworn statement that Ryan Schembri had transferred €25 million to Dubai. This came out on Wednesday in court, during the compilation of evidence against Ryan Schembri, …
( read original story …)
Unlocking green finance for Dubai real estate
A lack of incentives is limiting the development of green financial instruments in Dubai’s real estate sector This article is a part of a series of reports from the Dubai Real Estate Forum held in …
( read original story …)
Al Fardan Exchange L.L.C announces facilities for domestic worker salary payment services across its entire UAE network
This will see them offer employers and domestic workers a convenient Salary Payment Service, in line with UAE government’s guidance …
( read original story …)
UAE’s first special purpose acquisition company to open IPO subscription period on 12 May
The company aims to raise $99 million (AED 367 million) through its IPO listing. ADC will float 36.7 million shares on ADX with an offer price of AED 10 per share. UAE’s first special purpose …
( read original story …)
Foreign Investors Fail To Remit Rs 449 Crore For LICs Anchor Book, Domestic Funds Step In
Domestic mutual funds pitched in to bridge the gap in Life Insurance Corporation (LIC) of India’s anchor book as a marquee foreign institutional investor could not remit the money to India due to …
( read original story …)