Sheikh Mohammed bin Zayed Al Nahyan, the man who has long controlled the levers of power in the United Arab Emirates, has succeeded his late brother as ruler.Most Read from BloombergElon Musk Sows Dou …
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UAE’s Etisalat Buys 9.8% Stake in Vodafone for $4.4 Billion
UAE phone company Etisalat bought a 9.8% stake in Vodafone Group Plc for $4.4 billion.Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over …
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Sheikh Khalifa prepared the UAE for a full-scale post-oil economy
Dubai: Preparing the UAE economy for a post-oil world will be President His Highness Bin Zayed Al Nahyan’s enduring legacy for the country – and the wider GCC.
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More interest rate hikes to come? Savers move to fixed income funds like bonds
Dubai: With interest rates rising worldwide, and with more to come, experts recommend an investment approach that is focused on preservation of income, which simply involves setti …
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UAE leaders mourn death of Sheikh Khalifa bin Zayed Al Nahyan
the UAE Minister of Finance and Deputy Ruler of Dubai, among others shared their thoughts on Twitter. The Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed said: “We belong to God and to Him we shall …
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UAE: Bank, Telecom Provider Ordered To Pay Dh1.5 Million To SIM Swap Fraud Victim
The Dubai Court of Cassation ordered a UAE-based bank and telecommunications company to return Dh1.5 million that a client had lost in unauthorised transactions. In April 2019, the client, whose …
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UAE: Gold plunges about 3 per cent so far this week, its most in two months
In the UAE, the cost of 24-karat gold was at … Last week, the US central bank increased its benchmark overnight interest rate by an aggressive half-a-percentage point. Bullion is sensitive …
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Bahrain’s Al Baraka Banking delists from Nasdaq Dubai
Bahrain’s Al Baraka Banking Group has delisted its shares on Nasdaq Dubai effective May 12, according to a disclosure on Friday. The company, which gained a 78 percent increase in net income for the …
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UAE’s First T-Bond Auction Achieves Bids Worth AED 9.4 Billion
The UAE has announced the results of the first auction of the dirham denominated federal Treasury Bonds of the UAE Government (T-Bonds), with a benchmark auction size of AED 1.5 billion (circa US$400 …
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Watch: Nasdaq Dubai bell marks successful issuance of UAE T-bonds
The ceremony was attended by Ebrahim Alzaabi, Assistant Governor of the Central Bank of the UAE – Monetary Policy and Financial Stability; Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market …
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UAE banks to benefit from high oil prices, rate rises
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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UAE banks to benefit from high oil prices, rate rises
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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