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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Alternative assets, hedge funds require right skillsets to identify opportunities
Industry executives have stated that investors thinking about alternative investments and hedge funds require the appropriate skill sets in order to …
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UAE public spending climbs to $3 billion in the first three months of 2022
The UAE spent the most on the public services sector, with expenditures of AED 2.433 billion, accounting for 21.43 percent of the total public spending in Q1 2022 UAE public spending climbs to $3 …
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UAE: Public spending in Q1 this year reaches Dh11.35 billion
The Ministry of Finance announced that the revenues of federal authorities in the first quarter of 2022 amounted to Dh11.339 billion, while their expenditures amounted to around Dh11.354 billion …
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UAE public spending touches Dh11.35b in Q1 2022, revenue at Dh11.34b
Spending on public services, at Dh2.433b, accounted 21.43% of the total expenses Abu Dhabi: Revenue of federal authorities touched Dh11.339 billion in the first quarter in 2022, while expenditure …
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CBUAE Governor discusses digital transformation and Emiratisation plans with bank CEOs
Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), held a meeting with the CEOs of banks operating in the UAE to discuss the continued UAE’s banking sector …
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UAE, Israel export credit agencies partner to back AED 540mln healthcare project in Ghana
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has entered into a historic collaboration with Israel Export Insurance Corp. Ltd. (ASHRA). ECI will provide buyer’s credit …
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Covid prevention in focus at G20 finance, health ministers meet as rising cases limit economic recovery
The UAE Ministry of Finance (MoF) and the UAE Ministry of Health and Prevention (MoHAP) participated in the first G20 Joint Finance and Health Ministers Meeting. The meeting discussed the progress by …
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UAE, Israel Export Credit Agencies To Back Dh540m Healthcare Project In Ghana Financed By IDB
ECI to provide AED 185 million in reinsurance coverage, accounting for 49 per cent of the total cost of the project’s second phase. Frederick Minta …
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UAE’s IPO launches offer investors that ‘margin of safety’
In the current zeitgeist, where equity markets are getting pummeled, as interest rates march higher, investors (long accustomed to the free lunch of near zero interest rates) are seeing the chickens …
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UAE banks score low on customer satisfaction: KPMG survey
Debit and credit cards, and loan solutions registered the highest negative net sentiment Dubai: Banks in the UAE have scored low on customer satisfaction, a new survey revealed on Tuesday.
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UAE retail banks record positive annual growth
Service disruption emerges as a key operational issue and major customer pain point in 2021 Debit cards, credit cards, and loan solutions registered the highest negative net sentiment On average, only …
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Shuaa Capital raises $160m to fund Allianz Marine acquisition
Dubai-based Shuaa Capital has secured a $160m loan to help finance its acquisition of Allianz Marine and Logistics Services Holding. The seven-year facility has been agreed with the National Bank of …
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