Dubai’s biggest lender, Emirates NBD , posted a rise of 18% in quarterly net profit as impairment allowances fell sharply on economic recovery from the pandemic, while higher interest rates boosted …
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Reed Hastings, Hedge Funds Dealt Blow After Netflix Miss
Reed Hastings’s fortune was already on the decline before Netflix Inc., the streaming giant he co-founded, reported dismal first-quarter earnings.Most Read from BloombergKremlin Insiders Alarmed Over …
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Hedge Fund Bets Against a SPAC Tied to Trump After Truth Social ‘Disaster’
Hedge fund Kerrisdale Capital Management is betting against the shell company tied to Donald Trump, wagering that it will fail to get regulatory approval to merge with his media company and take it …
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UAE announces Domestic Dirhams Treasury Bonds worth Dhs1.5 billion
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 paying agent, has announced the launch of conventional …
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UAE proposes schedule for first local currency T-bonds – finance ministry
The United Arab Emirates will soon sell Treasury bonds denominated in local currency for the first time, seeking to raise 9 billion dirhams ($2.45 billion) with eight auctions between May and the end …
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UAE to auction T-bonds worth Dh1.5b in May
The latest treasury bond issue comes in the wake of the first federal bond launched in October 2021 after the government passed a law in 2018 allowing the federal …
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UAE launches dirham treasury bonds with an issuance size of Dh1.5bn
The UAE announced the launch of conventional dirham denominated treasury bonds with a benchmark size of Dh1.5 billion ($400 million) to build a local currency bond market and diversify financing …
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UAE launches domestic dirhams Treasury Bonds worth Dhs1.5bn
The securities will be auctioned and traded through Bloomberg’s Auction System and settled through a local platform.
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UAE Ministry of Finance to launch Treasury Bonds, with first auction set for May
Launch of these securities will help develop local bonds market Dubai: The UAE has launched dirham denominated treasury bonds, with a benchmark auction size of Dh1.5 billion (around $400 million). The …
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UAE Announces launch of Domestic Dirhams Treasury Bonds (T-Bonds) with size of AED 1.5bln
Issuing the T-Bonds in local currency will contribute to building a local currency bond market, diversifying financing resources, boosting the local financial and banking sector, as well as providing …
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UAE announces launch of Domestic Dirhams Treasury Bonds – finance ministry
The T-bonds will be issued with varying tenors of 2-, 3-, and 5-year tenors in the initial phase and a 10-year tenor in the medium term …
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Emirates NBD ‘Future Banking’ at Expo 2020 Dubai affirms the Group’s position as a regional leader in global banking innovation
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has affirmed the Group’s position as a regional leader in global banking innovation by demonstrating …
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Citi, HSBC set to share up to $97m in fees from DEWA IPO
Banks including Citigroup, HSBC and Emirates NBD are set to share as much as Dhs357m ($97m) in fees for working on the landmark initial public offering of Dubai’s main utility. Dubai Electricity & …
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UAE Central Bank reveals 1.5 percent rise in total bank deposits in December 2021
Overall deposits from UAE resident rose due to an 8.4 percent increase in public sector deposits, a 2.4 percent increase in private sector deposits, and a 5.2 percent rise in non-banking financial …
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UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021
Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021.
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Abu Dhabi Commercial Bank joins UAE Trade Connect fintech consortium
UTC is already enhancing its capabilities to provide in-depth information about suspicious elements of invoices presented for financing. by A Staff …
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Dubai’s Empower to list on DFM ‘soon’ but not in current quarter, Dewa chief says
The initial public offering of Dubai-based district cooling provider Emirates Central Cooling Systems Corporation — better known as Empower — will happen “soon” but not in the current quarter, …
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