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Tag: banking

Posted on 09/09/2021

Dubai real estate: Mortgaged properties nearly doubled in H1 2021

The first half of 2021 witnessed an upsurge in mortgage-backed sales in Dubai as attractive interest rates and property prices encouraged several investors and long-term tenants to become real-estate …
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Posted on 09/09/2021

Bhupender Yadav, UAE’s Sultan Al Jaber hold talks on upcoming 26th COP summit

Environment Minister Bhupender Yadav said that renewable energy and energy efficiency were among the key pillars of India’s climate change strategies …
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Posted on 09/09/2021

VFEX signs Dubai deal

As part of the agreement, the DGCX will extend technical support, knowledge and skills to VFEX, a subsidiary of the Zimbabwe Stock Exchange (ZSE), with the ultimate aim of establishing an …
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Posted on 09/09/2021

Finance and National Economy Minister hails Bahrain-UAE ties

Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa praised deep-rooted historic relations binding the Kingdom of Bahrain and the United Arab Emirates. He noted the advanced …
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Posted on 08/09/2021

Gross assets of UAE banks hit Dh3.233T

A year ago, total assets of banks in the UAE increased by 7.6 per cent year-on-year at the end of September 2020, and two per cent quarter-on-quarter …
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Posted on 08/09/2021

ADNOC Drilling’s IPO gets in a major US investor with Dh367m

Dubai: The Abu Dhabi National Oil Company subsidiary ADNOC Drilling has landed a major US investor for its IPO, with the contract drilling company Helmreich & Payne to invest Dh367 million in the …
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Posted on 08/09/2021

93 UAE nationals empowered with vital financial knowledge after graduating from Ma’an’s ‘Ghaya’ programme

The second cohort of the three-month financial literacy programme, taught by specialised volunteers, focused on managing finances more efficiently, understanding the basics of money matters and explor …
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Posted on 08/09/2021

US driller Helmerich & Payne to invest $100 million in ADNOC Drilling IPO

The cornerstone investment by H&P will be at the IPO price and is subject to a three-year Dubai: US contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public …
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Posted on 08/09/2021

U.S. driller Helmerich & Payne to invest in ADNOC Drilling IPO

U.S. contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public offering (IPO) of Abu Dhabi National Oil Company’s drilling unit, the companies said in a joint …
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Posted on 08/09/2021

Dubai’s Emirates NBD says 17% rise in digital money transfer

Dubai’s biggest lender Emirates NBD saw a 17 percent increase in the value of funds in its digital money transfer platform in the first eight months of 2021, compared to the same period last year. In …
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Posted on 08/09/2021

FAB appoints Heads of Investment Banking and Consumer Banking Groups

First Abu Dhabi Bank (FAB) appoints Martin Tricaud as Group Head of its Investment Banking Group and Futoon Almazrouei as Group Head of Consumer Banking Group UAE, as the UAE’s largest bank continues …
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Posted on 08/09/2021

UAE’s Pearl Petroleum raises Dh917m to invest in Iraqi project

Pearl Petroleum Co, a consortium led by the UAE’s Dana Gas and Crescent Petroleum, has raised $250 million (Dh917.5 million) in financing from the US International Development Finance Corporation (DFC …
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Posted on 08/09/2021

UAE Dana Gas-led consortium signs $250mln financing for Khor Mor project

Pearl Petroleum Co. Ltd., the consortium led by the UAE-based energy firms Dana Gas and Crescent Petroleum, has signed a $250 million financing agreement with the US International Development Finance …
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Posted on 08/09/2021

First Abu Dhabi Bank hires new head of investment banking from HSBC -sources

DUBAI – First Abu Dhabi Bank, the United Arab Emirates’ largest lender, has hired Martin Tricaud as head of investment banking, sources said. Tricaud was previously chief executive officer for the …
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Posted on 08/09/2021

Finnovex ME Summit 2021 to Focus on Banking Innovation and Transformation

The platform will bring together top professionals and C-level executives from the industry to examine how technology is reimagining Banking innovation for 2021 and beyond. Dubai – September 02, 2021: …
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Posted on 07/09/2021

First Abu Dhabi Bank’s corporate finance head to leave-source

First Abu Dhabi Bank’s head of corporate finance, Andy Cairns, is leaving United Arab Emirates’ biggest lender, a source close to the matter said. DUBAI, Sept 7 (Reuters) – First Abu Dhabi Bank’s FAB.
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Posted on 07/09/2021

The Middle East IPO market is suddenly abuzz with activity

The Middle East IPO market has suddenly come alive with a clutch of listings that are set to raise billions of dollars, with Abu Dhabi starting to catch up with regional leader Riyadh. The listings in …
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