JJJ Capital Management, a hedge fund started by former Moore Capital Management traders, is expanding to Dubai, joining a cohort of peers setting up offices in the Middle East.
Nasdaq Dubai welcomes $500mln sustainability-linked loan financing bond by Emirates NBD
Dubai – Nasdaq Dubai welcomed the listing of Emirates NBD Bank PJSC’s, USD 500 million Sustainability-Linked Loan Financing Bond (SLLB), the world’s first SLLB issued under the new International …
UAE’s central bank cuts base rate by 25 bps, statement says
The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65% to 4.40%, effective Dec. 19.
UAE Central Bank lowers interest rates following US Federal Reserve move
The UAE Central Bank reduced its benchmark interest rate by 25 basis points, after the US Federal Reserve’s move on Wednesday to cut rates to stimulate economic activity as inflationary pressures …
Nasdaq Dubai lists ENBD’s $500m sustainability bond
Nasdaq Dubai welcomed the listing of Emirates NBD Bank’s, $500 million Sustainability-Linked Loan Financing Bond (SLLB), the world’s first SLLB issued …
Mideast IPO Momentum Faces Valuation Test After $13 Billion Year
Over in the UAE, Abu Dhabi’s flag carrier Etihad Airways is considering a landmark IPO that could make it the first Gulf hub carrier to go public, while a conglomerate owned by Dubai’s ruler is …
Dubai announces new media laws
Dubai has introduced new laws and media guidelines as it looks to boost the film and gaming industries in the city. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE …
UAE Property Demand Rises as Europeans Relocate to Dubai
The UAE property market is experiencing a remarkable surge in demand as Europeans increasingly choose Dubai for its dynamic lifestyle and favorable business environment. Ali Sajwani, Managing Director …
Infinity Power explores IPO plans for Abu Dhabi stock market
Infinity Power, a prominent renewable energy developer partly owned by Masdar, is evaluating the possibility of launching an initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) …
UAE’s Emirates NBD, ADIB close $177.6mln PBSA deal in London
Emirates NBD, the second largest lender in the UAE, and the Abu Dhabi Islamic Bank (ADIB) have closed a £140 million ($177.6 million) senior financing transaction for a prime purpose-built student …
Arthur D. Little highlights “UAE and KSA Banks Race To Dominate Employee Experience in GCC“
In the UAE, analysis shows banks continue improvements and innovation … that enhance work-life balance and foster stronger workforce loyalty and productivity. Asian leaders such as DBS Bank in …
Dubai Property Giant Emaar’s Shares Climb to 2008 High
Emaar Properties PJSC, the largest listed real estate firm in the United Arab Emirates, rose to the highest level in nearly 17 years as it extends a rally after boosting dividend payouts.
UAE bank assets surpass Dhs4.4 trillion by September end
The Central Bank of the UAE (CBUAE) revealed that Gross banks’ assets, including bankers’ acceptances, increased by 0.5 per cent from Dhs4,378.0 billion …
Dubai hits over a decade high; Most Gulf shares muted
Dubai’s benchmark share index jumped on Tuesday to its highest level in more than a decade, while most other markets in the Gulf were muted as investors braced for the U.S. Federal Reserve’s monetary …
UAE: Personal, auto loans, mortgages to become cheaper further this week
Therefore, interest rates on auto loans, mortgages and personal loans are expected to drop last time this year on Wednesday. The latest rate cut by the Central Bank of the UAE was announced in early …
UAE to strengthen ties with global financial institutions
As part of its efforts to strengthen the UAE’s strategic relations with regional and international financial institutions, the Ministry of Finance …
UAE: Ministry of Finance, Eurasian Development Bank discusses cooperation
ABU DHABI – The Ministry of Finance (MoF) hosted a high-level delegation from the Eurasian Development Bank (EDB) in Abu Dhabi to discuss ways to enhance financial cooperation and explore new …