Tag: banking

The securities will be auctioned and traded through Bloomberg’s Auction System and settled through a local platform.
( read original story …)

---

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 …
( read original story …)

---

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 …
( read original story …)

---

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 …
( read original story …)

---

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 …
( read original story …)

---

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 & …
( read original story …)

---

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 …
( read original story …)

---

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.
( read original story …)

---

UTC is already enhancing its capabilities to provide in-depth information about suspicious elements of invoices presented for financing. by A Staff …
( read original story …)

---

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, …
( read original story …)

---

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 …
( read original story …)

---

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 …
( read original story …)

---

UAE’s stock exchange, Dubai Financial Market (DFM) has onboarded HSBC as the first international General Clearing Member (GCM).
( read original story …)

---

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 …
( read original story …)

---

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 …
( read original story …)

---

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 …
( read original story …)

---

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 …
( read original story …)

---