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Tag: banking

Posted on 27/06/2022

UAE: Will my salary be affected if I file a labour complaint?

According to MOHRE, this is the process that is followed when an employer or employee raises a labour dispute: 1. If an employer or an employee, or an eligible party on their beha …
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Posted on 27/06/2022

Dubai leads major Gulf bourses higher ahead of TECOM IPO

Major markets in the Gulf rose on Monday, in line with Asian stock markets on improved market sentiment, with the Dubai index leading the gains ahead of TECOM Group’s IPO.
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Posted on 26/06/2022

UAE Ministry of Finance receives bids worth AED 9.7 billion in second auction of Treasury bonds

The auction size of AED 1.5 billion was distributed over two tranches, including a two-year tranche of AED 750 million and a three-year tranche of AED 750 million UAE Ministry of Finance receives bids …
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Posted on 26/06/2022

Invest Bank launches multi-currency settlement service through Buna platform

The settlement of payments is done instantly for transfers to beneficiary banks participating in the platform.
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Posted on 25/06/2022

Pallapay – Revolutionary Way To Buy Or Sell Ethereum In Dubai For Cash Or Bank Transfer

(MENAFN- EIN Presswire) sell bitcoin in dubai. sell usdt in dubai. Crypto Payment Gateway for hotel and restaurant. DUBAI, DUBAI, UAE, June 24, 2022 /EINPresswire.com / — Welcome …
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Posted on 24/06/2022

UAE IPO growth hailed at HSBC-UAE Exchange summit

Connected the exchanges with international investors, Middle East policymakers and stakeholders from across the public and private sectors …
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Posted on 24/06/2022

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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Posted on 24/06/2022

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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Posted on 24/06/2022

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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Posted on 24/06/2022

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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Posted on 23/06/2022

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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Posted on 23/06/2022

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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Posted on 23/06/2022

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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Posted on 23/06/2022

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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Posted on 23/06/2022

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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Posted on 23/06/2022

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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Posted on 23/06/2022

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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