Voyager Digital, the crypto broker recently announced a loan of $200 million from Alameda ventures. Amidst the announcement, the crypto broker also publicized the loan that they had given to the hedge …
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Dubai’s TECOM $455mln IPO heavily oversubscribed – document
DUBAI – TECOM Group’s initial public offering (IPO) is heavily oversubscribed at the top of its share price range, suggesting the Dubai business park operator could raise 1.67 billion dirhams ($455 …
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UAE to issue dollar-denominated sovereign bonds
The UAE has announced plans to tap the market with a dual-tranche US dollar-denominated bond. The benchmark size bonds will have a 10-year tranche and a 30-year Formosa tranche, the finance ministry …
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Tecom to price IPO at top of the range
The IPO of Tecom, the Dubai real estate developer, is due to be priced at Dh2.67 a share, the top of the initial range, as investors continue to crowd into deals from the Gulf region. At the final …
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UAE to Woo Investors With High-Quality Debt Amid Recession Fears
Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ …
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UPDATE 1-UAE selling two-tranche dollar bonds with Formosa portion
The United Arab Emirates is in the market with a two-tranche U.S. dollar-denominated bond sale comprising a 10-year tranche and 30-year Formosa portion, a bank document showed on Thursday. Initial …
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UAE to issue dollar-benchmarked dual-tranche sovereign bonds
The 10-year tranche will be listed on London Stock Exchange (LSE) and Nasdaq Dubai, and the 30-year tranche will be listed on London Stock Exchange (LSE), Taipei Exchange, and Nasdaq Dubai. Abu Dhabi …
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Emirates Development Bank Heralded By UAE Industry Leaders At The Make It In The Emirates Forum
Emirates Development Bank (EDB) has been heralded by UAE industry leaders for its role as the key financial engine of the nation’s economic diversificat …
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UAE: Authority issues fresh warning to iPhone users
The UAE on Thursday issued a fresh warning to residents to beware of scam messages targeting iPhone users. The Telecommunications and Digital Government Regulatory Authority (TDRA) posted an awareness …
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Caf to supply passenger trains for UAE railway
Spain’s Caf Group has been awarded a AED1.2bn ($327m) contract to provide passenger trains for the UAE’s Etihad Rail. Caf will design, manufacture, supply, and provide mainten …
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Alternative assets, hedge funds require right skillsets to identify opportunities
Industry executives have stated that investors thinking about alternative investments and hedge funds require the appropriate skill sets in order to …
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UAE public spending climbs to $3 billion in the first three months of 2022
The UAE spent the most on the public services sector, with expenditures of AED 2.433 billion, accounting for 21.43 percent of the total public spending in Q1 2022 UAE public spending climbs to $3 …
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UAE: Public spending in Q1 this year reaches Dh11.35 billion
The Ministry of Finance announced that the revenues of federal authorities in the first quarter of 2022 amounted to Dh11.339 billion, while their expenditures amounted to around Dh11.354 billion …
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UAE public spending touches Dh11.35b in Q1 2022, revenue at Dh11.34b
Spending on public services, at Dh2.433b, accounted 21.43% of the total expenses Abu Dhabi: Revenue of federal authorities touched Dh11.339 billion in the first quarter in 2022, while expenditure …
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CBUAE Governor discusses digital transformation and Emiratisation plans with bank CEOs
Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), held a meeting with the CEOs of banks operating in the UAE to discuss the continued UAE’s banking sector …
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UAE, Israel export credit agencies partner to back AED 540mln healthcare project in Ghana
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has entered into a historic collaboration with Israel Export Insurance Corp. Ltd. (ASHRA). ECI will provide buyer’s credit …
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Covid prevention in focus at G20 finance, health ministers meet as rising cases limit economic recovery
The UAE Ministry of Finance (MoF) and the UAE Ministry of Health and Prevention (MoHAP) participated in the first G20 Joint Finance and Health Ministers Meeting. The meeting discussed the progress by …
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