Khader, a crane operator in Dubai, matched five out of six winning numbers (2-17-40-41-42-45) and won a whopping Dh1 million to become Mahzooz’s first Bangladeshi millionaire and the 16th overall this …
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How the UAE is becoming a sustainable finance centre
DIFC The Dubai Financial Services Authority is actively working to introduce a supervisory approach and regulatory framework for the development of sustainable finance within t …
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UAE Cabinet agrees $79bn budget for 2022-2026
The UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the federal budget for 2022-2026 with a total expenditure of AED290 …
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Number of African companies registered with Dubai Chamber up 15.5% to 24,800
“We believe that Dubai holds the key to unlocking Africa’s economic potential, as one of the world’s fastest growing city economies that can offer valuable expertise in key sectors such as logistics, …
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Fertiglobe price range implies value of up to US$6bil
DUBAI: Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI, yesterday set the price range for its initial public offering (IPO), implying an equity valuation for …
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UAE closes multi-tranche sovereign bond package
The UAE Government, represented by the Ministry of Finance (MoF), has successfully closed its offering of a US dollar-denominated multi-tranche sovereign bond package, which comprised medium and …
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UAE Central Bank Begins Issuing Retail Payment Licenses
The Central Bank of the United Arab Emirates (CBUAE) has issued a new regulation to license retail payment services, part of its digital payments push.
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UAE central bank agrees fintech push with Abu Dhabi GM and DIFC
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
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Islamic Development Bank gets $1.7bln via sukuk
The spread was tightened from initial guidance on Tuesday of around 30 bps over mid-swaps after the sukuk drew more than $2.4bln in demand …
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Fertiglobe IPO covered on day one
UAE fertiliser company Fertiglobe its IPO books was covered hours after the price range was set. Fertiglobe plans to float 18.7% of the share capital at Dh2.45-2.65 per share. The offering consists …
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More UAE dollar bonds expected next year
The overwhelming investor demand for UAE Government’s debut bonds reaffirms the UAE’s strong credit rating, and its ability to overcome all crises, in particular, the repercussions of the Covid-19 …
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Huge investor demand seen as UAE closes $4bn sovereign bond
The UAE’s Ministry of Finance has successfully closed its offering of a $4 billion US dollar-denominated multi-tranche sovereign bond package. The bonds, which is comprised of medium and long-term …
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UAE central bank, Abu Dhabi Global Market sign MoU to support fintech
The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM) signed on Wednesday a memorandum of understanding (MoU) to further support the growth of the fintech sector in the UAE. The …
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Future of finance will see wider adoption of central bank digital currencies – UAE minister
The future of finance will see a (CBDCs) as a payment mechanism, a senior government official said on Wednesday. At the Future of Finance conference hosted by the UAE Central Bank, Ahmed Ali Al Sayegh …
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UAE central bank and Abu Dhabi GM agree joint fintech push
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
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Mashreq NEO to become first Digital Bank in UAE to use Facial Recognition for Bank Account Openings
Mashreq NEO collaborates with Ministry of Interior (MOI) to introduce an innovative face biometric based digital account opening process
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Fertiglobe IPO price range implies equity value of up to $6 billion
Dubai: Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI , on Wednesday set the price range for its initial public offering, implying an equity valuation for the …
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