We affirmed all banks’ Long-Term Issuer Default Ratings with Stable Outlooks, upgraded Emirates Islamic Bank’s Viability Rating (VR) to ‘bb’ from ‘bb-’ on improved asset quality, and downgraded Mashre …
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H.E. Mohamed Bin Hadi Al Hussaini rings Nasdaq Dubai’s bell
Following the successful issuance of two tranches with a total value of AED 1.5 billion The issuance is part of an ambitious strategy to develop debt capital markets, providing investors with …
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Dubai Airports passenger traffic may reach pre-Covid levels earlier than expected, CEO says
“The Dubai government, I’m sure, in fullness of time will make a decision. And we will obviously embrace whatever decision that is with great enthusiasm,” he said. Asked if the company is ready for an …
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GFH first-quarter profit up 18.5% on higher investment banking income
Bahrain-based GFH Financial Group reported an 18.5 per cent rise in its first quarter net profit on the back of strong performance of its investment banking business. Net profit attributable to the …
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First auction of UAE’s federal treasury bonds gets Dh9.4 billion in bids, oversubscribed 6.3 times
Image Credit: Gulf News Archives The first auction of UAE’s treasury bonds received bids worth Dh9.4 billion and were oversubscribed 6.3 times, the finance ministry said on Wednesday.
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UAE’s first T-Bond auction a huge success; draws $2.56bn
The auction by the UAE, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, is part of the AED9 …
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Syrian-Lebanese expat raises capital from savings to launch a stylist booking app in the UAE
Multicultural upbringing, passion for beauty led long-time UAE resident to run an e-portal Syrian-Lebanese expat Haifa Addas, 45, raises capital from savings to launch a stylist booking app in the UAE …
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What are the top challenges facing the growth of FDI in the UAE and how can they be overcome?
Dubai achieved the top ranking in the world in attracting foreign … Carolina Arriagada also called for innovative finance solutions that not only look at one host economy, but at financing whole …
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Maksar brother claims Ryan Schembri transferred €25 million to Dubai bank account
Maksar’ Agius had claimed in a sworn statement that Ryan Schembri had transferred €25 million to Dubai. This came out on Wednesday in court, during the compilation of evidence against Ryan Schembri, …
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Unlocking green finance for Dubai real estate
A lack of incentives is limiting the development of green financial instruments in Dubai’s real estate sector This article is a part of a series of reports from the Dubai Real Estate Forum held in …
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Al Fardan Exchange L.L.C announces facilities for domestic worker salary payment services across its entire UAE network
This will see them offer employers and domestic workers a convenient Salary Payment Service, in line with UAE government’s guidance …
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UAE’s first special purpose acquisition company to open IPO subscription period on 12 May
The company aims to raise $99 million (AED 367 million) through its IPO listing. ADC will float 36.7 million shares on ADX with an offer price of AED 10 per share. UAE’s first special purpose …
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Foreign Investors Fail To Remit Rs 449 Crore For LICs Anchor Book, Domestic Funds Step In
Domestic mutual funds pitched in to bridge the gap in Life Insurance Corporation (LIC) of India’s anchor book as a marquee foreign institutional investor could not remit the money to India due to …
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Wio makes new appointments after receiving UAE Central Bank license
Wio Bank PJSC, established recently in the UAE, has announced the appointment of His Excellency Salem Al Nuaimi as Chairman of the …
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BlackRock to Vanguard, Global Funds Rush to Middle East IPO Boom
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Sink to 13-Month …
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UAE: New digital bank Wio gets Central Bank licence, appoints senior leadership
The appointments come after the licence approval by the Central Bank of the UAE. Wio is jointly owned by Abu Dhabi Holding Company (ADQ), Alpha Dhabi, Etisalat, and First Abu Dhabi Bank (FAB) with an …
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AOIC announces IPO, listing on Saudi Exchange’s Main Market
UAE – Abdullah Al Othaim Investment Company (AOIC), a leading mall, entertainment, fashion and F&B operator in KSA, will offer 30 million ordinary shares through an initial public offering (IPO) and …
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