Tag: banking

Bank of Sharjah’s UAE operations reported an a net profit of Dh379 million for the nine-month period of 2020 comapred to Dh172 million in the same period last year. Image Credit: Supplied Dubai: Bank …
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DUBAI — Dubai Islamic Bank (DIB) has successfully priced a US$1 billion Perpetual Non-Call 5.5 years Additional Tier 1 Sukuk with a profit rate of 4.625 percent per annum. This transaction carries the …
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In August forex traders from the Middle East had the biggest deposits but Asian investors were close behind. Finance Magnates examines the latest data.
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UAE residents believe that a government or civil service job maintains the best work-life balance, followed by banking and finance, and oil/petrochemical sectors, according to a new survey. Conducted …
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Commercial Bank of Dubai, Allied Bank Limited Bahrain and United Bank Limited were mandated lead arrangers and bookrunners. The facility will further improve the South Asian country’s foreign exchange …
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The UAE’s behavior with respect to Iran is a symptom of a broader problem that involves gold smugglers, corruption, legal loopholes, an opaque real estate market, and criminally minded business elites …
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Bank ABC Islamic – today announces its financial results for the nine months ending 30 September 2020. Covid 19 continues to impact most of our clients across different geographies. The pandemic …
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More than 1,000 ministers, and senior federal and local government officials, held 11 consultative meetings to discuss the path for the economic environment and economic models and sectors for the …
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Abu Dhabi: The UAE lead the way as the strongest and most valuable brand in the Middle East and Africa, MENA, and ranked 18th globally at Dh2.45 trillion (US$672 billion), according to the latest …
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Dubai: Dubai Islamic Bank (DIB) priced a $1 billion perpetual non-call 5.5- year additional tier 1 (AT1) sukuk with a profit rate of 4.625 per cent per annum. This transaction carries the lowest ever …
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Dubai: Ministry of Finance on Saturday announced the launch of a reporting system for multinational entitiess (MNEs). The New MNE Notification and Reporting System is in accordance with UAE’s Cabinet …
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“It was the work of an EY Dubai assurance team that uncovered … At the end of last year, hedge fund Muddy Waters questioned the relationship between EY and NMC, pointing out that the board …
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Dubai Islamic Bank tightened the price guidance for U.S. dollar-denominated Additional Tier 1 sukuk, or Islamic bonds, to 4.75-4.875%, a document from one the banks arranging the deal showed …
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Dubai Islamic Bank DISB.DU began marketing on Thursday U.S. dollar-denominated Additional Tier 1 sukuk, or Islamic bonds, at an initial price guidance of around 5.25%, a document from one of the banks …
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Emirates reported a first-half loss for the first time in more than 30 years as the Dubai airline’s revenues slumped about 75 per cent on coronavirus travel restrictions. The government-owned carrier …
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KOCHI: The Additional Chief Judicial Magistrate (Economic Offences) court in Kochi issued Non-Bailable Warrant against Egyptian national and former finance head of UAE Consulate, Thiruvananthapuram, …
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Commenting on the landmark credit rating achievement, His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, affirmed that many elements have been behind the …
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