Dubai and Abu Dhabi’s landmarks were lit up with the Swiss flag on Sunday to thank for country for projecting the Emirati colours onto the Matterhorn mountain. Swiss authorities are lighting up the …
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Abu Dhabi’s $7bn bond offering draws strong investor interest
Offering was more than 6.3 times oversubscribed and order book reached in excess of $45bn A $7 billion multi-tranche international bond offering by Abu Dhabi was more than 6.3 times oversubscribed, …
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UAE groups implicated in suspected violation of Libyan arms embargo
The shipment, under investigation by a UN panel of experts, had a market value of nearly $5m at the time it was loaded in the UAE and was delivered last month to the city of Benghazi, the headquarters …
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Dubai’s Biggest Bank Books $696 Million in Provisions on Virus
Emirates NBD PJSC set aside about $700 million in the first quarter to cover bad loans, giving investors a glimpse at the damage the coronavirus and lower oil prices are wreaking on bank earnings in …
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Turkey blocks Saudi and UAE news websites
Turkish authorities blocked Saudi and United Arab Emirates news websites on Sunday, days after the sites of Turkey’s state broadcaster and news agency were blocked in Saudi Arabia. The apparently …
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Abu Dhabi borrows $7bn as low oil price bite
The richest of seven sheikhdoms that make up the United Arab Emirates, Abu Dhabi sits on the bulk of the federation’s oil wealth. Qatar’s finance ministry said its own sale was oversubscribed by more …
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Abu Dhabi’s $7m bond offering draws strong investor interest
Offering was more than 6.3 times oversubscribed and order book reached in excess of $45bn A $7 billion multi-tranche international bond offering by Abu Dhabi was more than 6.3 times oversubscribed, …
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Coronavirus latest: UAE Central Bank says banks have used 30% of Covid-19 support fund
UAE infections rose to 6,781 on Sunday, with recoveries reaching 1,286 UAE banks have tapped 30 per cent of a Dh50 billion Targeted Economic Support Scheme (Tess) facility to help businesses and …
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Combating coronavirus: UAE outperforms the world with 77,550 tests per million people
The UAE has maintained its global leadership in maximising Covid-19 coronavirus tests in terms of the number of tests per 1 million people. It has also implemented precautionary measures appreciated …
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Abu Dhabi borrows $7B to counter slumping oil prices
The Emirate of Abu Dhabi said Sunday it had sold bonds worth $7 billion in the third major sale this month by Gulf sovereigns seeking to counter slumping oil prices. OPEC kingpin Saudi Arabia last …
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Abu Dhabi borrows $7 billion as low oil price bite
Abu Dhabi, which has the biggest sovereign wealth fund in the Gulf Cooperation Council (GCC), said that its offering was oversubscribed by more than six times.
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Abu Dhabi issues $7bn in multi-tranche bonds
Abu Dhabi said it has priced a $7 billion multi-tranche international bond offering as part of its medium-term strategy focused on optimising the capital structure of the emirate. In a statement today …
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Abu Dhabi Sells $7 Billion of Bonds to Counter Falling Oil Prices
The transaction contained three tranches- a $2 billion five-year tranche, a $2 billion 10-year segment, and a third tranche of $3 billion maturing after 30 years – the Abu Dhabi department of finance …
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Ramadan 2020 in UAE: Sheikh Mohammed announces ’10 million meals’ campaign for Ramadan
The national initiative aims to align the country’s policies, work environment and all procedures with the UAE being a global incubator for tolerance. Image Credit: Twitter/@HHShkMohd Dubai: His …
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UAE central bank urges lenders to utilise $70bln economy support package
The governor of the UAE central bank met with the various lenders in the country last week and urged them to utilise the allocated funds from the Targeted Economic Support Scheme (TESS) facility in …
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Coronavirus: UAE leaders’ response to Covid-19 ranked among Top-10 in the world
Indicators were designed to rank how effective a country’s leadership is and how prepared its health systems are in tackling the pandemic. The UAE has been ranked among the top 10 countries with the …
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COVID-19: More special flights from UAE to Pakistan announced to repatriate stranded passengers
Dubai: Good news for stranded Pakistanis as more special flights have been announced to repatriate more than 3000 passengers from UAE to Pakistan this week. At least four flights will be operated by …
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