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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Banking, IT and marketing are most popular industries in UAE
The number of UAE employees who want to change their industry is on the rise for greener pastures as well as for better career growth opportunities. A new survey released by YouGov and Bayt.com …
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ADCB is latest bank to join UAE’s Trade Connect platform
Dubai: Abu Dhabi Commercial Bank is the latest to sign up for the UAE Trade Connect platform, which is a consortium of local banks using blockchain to de-risk trade finance. The p …
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Dubai Financial Market Adds HSBC as First International Clearing Member
UAE’s stock exchange, Dubai Financial Market (DFM) has onboarded HSBC as the first international General Clearing Member (GCM).
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UAE’s FAB takes the next step towards the future of banking with IBM
UAE’s First Abu Dhabi Bank (FAB) has embarked on the next step of its digital transformation journey by enhancing its digital platforms in a hybrid cloud environment with the support of IBM Consulting …
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UAE opens borders with new job exploration visa, five-year tourist visa, and non-sponsor business permits
For the first time, the UAE Cabinet has approved a number of new entry permits and visas that do not need a host or sponsor UAE opens borders with new job exploration visa, five-year tourist visa, and …
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IMF revises upwards UAE growth
The International Monetary Fund (IMF) on Monday revised upward the economic growth outlook for the UAE in 2022 and warned that damage from Russia’s invasion of Ukraine will set back global recovery …
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How India’s inflationary pressures will affect NRI savings, investments
India’s economy is combating a price spiral, and markets too turn volatile Dubai: Inflationary rises in the Indian economy is starting hurt consumers and investors – with NRIs facing uncertain …
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