The spread was tightened from initial guidance on Tuesday of around 30 bps over mid-swaps after the sukuk drew more than $2.4bln in demand …
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Fertiglobe IPO covered on day one
UAE fertiliser company Fertiglobe its IPO books was covered hours after the price range was set. Fertiglobe plans to float 18.7% of the share capital at Dh2.45-2.65 per share. The offering consists …
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More UAE dollar bonds expected next year
The overwhelming investor demand for UAE Government’s debut bonds reaffirms the UAE’s strong credit rating, and its ability to overcome all crises, in particular, the repercussions of the Covid-19 …
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Huge investor demand seen as UAE closes $4bn sovereign bond
The UAE’s Ministry of Finance has successfully closed its offering of a $4 billion US dollar-denominated multi-tranche sovereign bond package. The bonds, which is comprised of medium and long-term …
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UAE central bank, Abu Dhabi Global Market sign MoU to support fintech
The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM) signed on Wednesday a memorandum of understanding (MoU) to further support the growth of the fintech sector in the UAE. The …
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Future of finance will see wider adoption of central bank digital currencies – UAE minister
The future of finance will see a (CBDCs) as a payment mechanism, a senior government official said on Wednesday. At the Future of Finance conference hosted by the UAE Central Bank, Ahmed Ali Al Sayegh …
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UAE central bank and Abu Dhabi GM agree joint fintech push
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
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Mashreq NEO to become first Digital Bank in UAE to use Facial Recognition for Bank Account Openings
Mashreq NEO collaborates with Ministry of Interior (MOI) to introduce an innovative face biometric based digital account opening process
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Fertiglobe IPO price range implies equity value of up to $6 billion
Dubai: Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI , on Wednesday set the price range for its initial public offering, implying an equity valuation for the …
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More UAE dollar bonds expected next year, local currency issues to follow
The United Arab Emirates federal government will be in the market next year for more dollar bond issuances and is working on plans to issue local currency debt, a finance ministry official said on …
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Central Bank of UAE sign MoU with ADGM to develop UAE FinTech sector
The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM) have signed a memorandum of understanding (MoU) to collaborate on the development and growth of the UAE’s FinTech ecosystem …
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Mashreq NEO to become UAE’s first digital bank to use facial recognition for account opening
Mashreq NEO has collaborated with the UAE’s Ministry of Interior to introduce a face biometric-based digital account opening process.
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FAB joins UAE’s race for net-zero carbon emissions by 2050
Builds on FAB’s sustainable finance leadership including region’s first public Green Bond Abu Dhabi: In line with the UAE’s vision to promote sustainable economic growth in the region, First Abu …
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Central Bank of the UAE Summary report for Monetary & Banking Developments- August 2021
The Monetary Base expanded by 1.8 % rising from AED 436.9 billion at the end of July 2021 to AED 444.7 billion at the end of August 2021 …
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Fertiglobe sets price range for IPO, implies market cap of up to $5-$6 billion
Fertiglobe set the price range for its initial public offering on Wednesday, implying a market capitalisation of $5.5 billion to $6 billion.
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Fertiglobe IPO may raise as much as $827m
Fertiglobe, the joint venture between Abu Dhabi National Oil Company and Dutch fertiliser company OCI may raise as much as $827 million in an initial public offering after the company priced its …
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Fertiglobe sets price range for IPO, implies market cap of up to $5-$6 bln
Fertiglobe set the price range for its initial public offering on Wednesday, implying a market capitalisation of $5.5 billion to $6 billion.
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