The lender wants guarantees of three billion dollars from the UAE and Saudi Arabia,’ finance minister told the Senate. Ishaq Dar said that the foreign exchange reserves are improving. ‘We are trying …
UAE keen to invest further in various sectors of Pak economy Envoy
Finance Minister Senator Ishaq Dar on Wednesday said that Pakistan and the UAE are engaged in various areas including energy, refinery, petroleum and trade, however, still a lot of potential is …
DFM and Dubai Chamber launch programme to catapult businesses into IPO track
The Dubai Financial Market (DFM) and the Dubai Chamber of Commerce have launched a programme to help regional private businesses grow and list on the local bourse, building on the momentum of the …
DFM and Dubai Chamber of Commerce launch a comprehensive program to fast-track businesses’ journey to IPO
The Program is supported by 20 regional and global advisors and will be initiated in May 2023 with its first event …
Dubai Financial Market and Dubai Chamber of Commerce launch IPO accelerator programme
The Dubai Financial Market (DFM) and Dubai Chamber of Commerce, in partnership with 20 regional and global advisors, on Thursday announced the launch of an..
UAE participates in the Second Infrastructure Working Group Meeting under the G20 Finance Track for 2023
The meeting sought to discuss the progress made on the group’s work plan for 2023 under the Indian G20 Presidency …
Gulf markets gain on steady oil, receding bank fears
Gulf stock markets opened slightly up on Thursday, tracking Asian peers and oil prices higher, helped by improving investor sentiment as concerns over a recent banking sector crisis eased.
Middle East’s best private bank for digital 2023: Emirates NBD
Emirates NBD has put a strong focus on digital and mobile banking for its private banking clients and wider customer base in 2022.
UPDATE 1-Saudi Arabia’s Al Rajhi Bank to raise $1 bln with sukuk
DUBAI, March 29 (Reuters) – Saudi Arabia’s Al Rajhi Bank is set to raise $1 billion with five-year sustainable Islamic bonds, a document from one of the banks arranging the deal showed on Wednesday.
UAE participates in 2nd Infrastructure Working Group Meeting under G20 Finance Track for 2023
The UAE participated in the second Infrastructure Working Group (IWG) meeting under the G20 Finance Track for 2023, which was held in Visakhapatnam, India, on the 28th and 29th March to discuss the …
UAE leadership change: Full details revealed
The UAE leadership change was made through a series of appointments on Wednesday UAE leadership change: Full details revealed Sheikh Hazza bin Zayed Al Nahyan, Sheikh Khaled Bin Zayed Al Nahyan, …
Dubai Financial Market introduces ‘Omnibus Accounts’ for investors
The Dubai Financial Market (DFM) launched the Omnibus Accounts structure for holding securities as a gateway to accessing investment opportunities for eligible investors for the benefit of more than …
Dubai records over AED2.8 bn in realty transactions Tuesday
Dubai real estate market recorded 504 sales transactions worth AED1.34 billion, in addition to 98 mortgage deals of AED1.26 billion, and 23 gift deals amounting to AED269.13 million on Tuesday, data …
IPO funds raised globally may have plummeted 61 per cent in first quarter amid banking crisis, high inflation, EY says
The IPO by Adnoc Gas, a unit of the UAE’s Abu Dhabi National Oil Company, is the world’s biggest IPO so far this year. It raised US$2.5 billion in an offering in Abu Dhabi in March. As far as Hong …
UAE, Saudi stock markets rise amid receding fears on banking collapse
The UAE and Saudi stock markets rose on Tuesday riding the improved investor sentiments, as fears of a global banking collapse have subsided. Rising energy prices have also lifted morale in the market, with the Dubai Financial Market hitting a 6-month high.
UAE: Bank of Singapore appoints Ranjit Khanna as global market head of Middle East and chief of Dubai branch
Former Union Bancaire Privée banker Ranjit Khanna is joining Bank of Singapore as its global market head of Middle East and chief executive of its Dubai International Financial Centre (DIFC) branch, …
International companies enter UAE market through Investopia
The UAE gross bank assets, including bankers’ acceptances … Measures taken by authorities to prevent a new global financial crisis appear to have calmed the markets following …