Dubai: The Dubai Government, acting through the Department of Finance (DoF), has paid out in full the $500 million Fixed Rate Note issued on11. All the notes have been redeemed by making the required …
( read original story …)
Dubai government repays $500mln bond certificates
Upon maturity, all the notes have been redeemed in full by making the required payment through the paying agent to the holders of the notes, along with accrued interest …
( read original story …)
Dubai says $500 million bond repayment reflects fiscal stability
Dubai repaid $500 million in bonds due on Tuesday in what the government said was a sign of fiscal stability despite the coronavirus-driven economic downturn.
( read original story …)
Central Bank of UAE Governor seeks continued support of banks to the UAE economy
Our assessment and recent economic data point to a post-pandemic rebound of the UAE economy. The UAE banking system remains resilient, and our support measures in the form of t …
( read original story …)
UAE Central Bank tells banks to ensure continued flow of funds to creditworthy clients
The Central Bank has projected gradual economic recover during 2021 and 2022 from the repercussions of the Covid-19 pandemic.
( read original story …)
UAE Central Bank Sees Inflation Picking Up in Second Half
The United Arab Emirates central bank expects consumer prices to start rising again in the second half of 2021.
( read original story …)
MoF Organises A Virtual Workshop On The Saudi Ministry Of Finance’s Experience In Joining The SDDS
As part of its ongoing efforts to improve government financial work in the UAE and enhance financial disclosure and transparency processes in accordance …
( read original story …)
UAE: Where does the money for credit card rewards come from? If you thought credit card companies, think again!
Dubai: Credit card companies are offering better rewards and signup bonuses, and you as a consumer earn points, miles, and cash back. But how do card companies afford to offer such rewards? Credit …
( read original story …)
EDB allocates Dhs30 million to finance SMEs
Emirates Development Bank (EDB) on Sunday announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer (P2P) platform, to expand funding options for the Small and Medium-sized …
( read original story …)
Dubai fund ICD sells minority stake in Abu Dhabi Commercial Bank shares, say sources
Investment Corp of Dubai (ICD) was the undisclosed investor who last week sold $300 million of shares in Abu Dhabi Commercial Bank, the third-largest …
( read original story …)
Dubai royals share rare family photos of Sheikh Mohammed, late Sheikh Hamdan in touching Father’s Day tribute
Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, took to Instagram on Monday morning to post multiple family snaps of herself with her father, the …
( read original story …)
Besix Group seals $1.2bn Dubai WTE plant finance agreement
Besix, a leading Belgian infrastructure group with a major presence in the Middle East, has announced the financial close of Dubai Waste-to-Energy, a mega project being developed in partnership with a …
( read original story …)
Dubai fund was seller of Abu Dhabi Commercial Bank shares -sources
Investment Corp of Dubai (ICD) was the undisclosed investor who last week sold $300 million of shares in Abu Dhabi Commercial Bank ADCB.AD, the third-largest lender in the United Arab Emirates, two …
( read original story …)
Islamic banks account for 19% of UAE banking assets
Fully-fledged Islamic banks’ assets in the UAE during 2020 accounted for about 19 per cent of total banking system assets, while Islamic windows’ [Islamic financial services offered by conventional …
( read original story …)
Woonkly to Sponsor the Most Prestigious Blockchain Congress in Dubai
TALLIN, ESTONIA / ACCESSWIRE / June 18, 2021 / The tech company will be the main sponsor of the Global Blockchain Congress in Dubai on June 21 and 22. Woonkly, the startup that aspires to become a …
( read original story …)
UAE Central Bank finds banking sector resilient in its new Financial Stability Report
Dubai: Key solvency and liquidity indicators that demonstrate the resilience of the UAE’s financial system amid the COVID-19 pandemic remained robust according to the Central Bank of the UAE’s (CBUAE) …
( read original story …)
UAE central bank expects GDP growth as country recovers from COVID restrictions
The central bank of the United Arab Emirates said the country’s gross domestic product will grow 2.4% this year and 3.8% in 2022 as the economy recovers from restrictions imposed during the COVID …
( read original story …)