Bank of China , one of China’s top four state-owned banks, has listed $300 million bonds on Nasdaq Dubai, the United Arab Emirates’ state news agency WAM said on Tuesday.
UAE retail banking revenues expected to grow at a compounded annual rate of 6.4% between 2021 – 2026
Dubai: The United Arab Emirates (UAE) retail banking revenues are expected to grow at a Compound Annual Growth Rate (CAGR) of 6.4% between 2021 to 2026, a steep rise from 0.1% from 2016 to 2021, while …
Dubai’s Emirates NBD reshuffles management team
Dubai-based lender Emirates NBD has announced various strategic changes to its group executive committee, including expanding the responsibility of existing senior management team members. Suvo Sarkar …
UAE banks to ‘accelerate’ Emiratisation; boost SME support
Members of the CEOs Advisory Council of UAE Banks Federation (UBF) have recently met to discuss the latest developments in the sector, including ongoing efforts to promote Emiratisation. During the …
Americana, Luberef IPO managers set to share $74m in fees
Americana, the Middle Eastern operator of KFC and Pizza Hut outlets, is paying SAR194.4m ($51.7m) in overall fees for its dual-listing in Riyadh and Abu Dhabi. That’s about 2.9 per cent in offering …
UAE new tax “significant milestone” in country’s history, says expert
The new tax will see businesses levied with a corporate tax of 9 percent on profits above AED385,000 UAE new tax “significant milestone” in country’s history, says expert Corporate tax, Corporate tax …
Nomura expands into Dubai for international wealth management
Nomura Holdings’ global wealth management business is opening a branch in Dubai as it expands into the fast growing Middle East hub to cater to an affluent pool of clients.
UAE Banks Federation confirms sector’s strength, ability to continue growing
Chairman of the UAE Banks Federation, Abdulaziz Al Ghurair, said that the UAE banking and financial sector has successfully addressed the numerous geopolitical and economic developments and changes …
Emirates Development Bank, ADCB To Partner On Credit Guarantee Scheme For UAE Smes
The partnership will enable SMEs in the UAE to have improved access to strategic financing options. Under the credit guarantee scheme, EDB will guarantee up to 50 percent of the finance facility …
Luberef, Aramco set tone for hot 2023 IPO listings in Gulf
Gulf IPO activity starts hot in 2023 thanks to more landmark offerings. Luberef’s trading debut and listings by Aramco Trading and others keep the IPO boom rolling. That bolsters confidence among …
Dubai’s GDP accelerates to 4.6% in the first nine months of 2022
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, announced that Dubai’s GDP grew 4.6% year-on-year to Dhs307.5 billion …
UAE, Kyrgyzstan agree to increase investments, expand partnerships
The governments of the UAE and Kyrgyzstan agreed to strengthen their economic cooperation and enlarge the scope of their business and investment partnerships …
UAE Central Bank: Gross banks’ assets up 1.7% at the end of September 2022
ABU DHABI – The Central Bank announced that the Money Supply aggregate M1 increased by 0.5%, from AED 719.4 billion at the end of August 2022 to AED 723.0 billion at the end of September 2022. The …
Dubai GDP grows to $84bn in first nine months of year
Dubai growth led by resilient retail, real estate and hospitality sectors Dubai GDP grows to $84bn in first nine months of year Dubai, Dubai economy, Dubai Land Department, Dubai real estate market, …
Dubai Property Tycoon’s Bet on Fast Food Cements Billionaire Status
Mohamed Alabbar is best known as the founder of a Dubai real estate firm that built the world’s tallest skyscraper, but it’s an investment in fast food that propelled him into the leagues of the …
ADCB, Emirates Development Bank partner on credit guarantee scheme
A MoU was signed to boost financial inclusion of small-to-medium sized enterprises ADCB, Emirates Development Bank partner on credit guarantee scheme Abu Dhabi Commercial Bank, ADCB, Emirates …
Americana, Middle East operator of KFC and Pizza Hut outlets, climbs post $1.8 billion IPO
Saudi Arabia’s Public Investment Fund and Dubai businessman Mohamed Alabbar had sold 2.5 billion … the Middle East as the region attempts to deepen its capital markets. The IPO, which drew orders …