The Central Bank of the UAE (CBUAE) has issed limited edition commemorative silver coins to mark the inaugural commercial operations of the first Unit of the Barakah Nuclear Energy Plant which …
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Dubai’s biggest bank inks $750m financing deal for Emirates
Landmark’ transaction signed as Dubai airline continues to reopen global network after impact of coronavirus pandemic …
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UAE Central Bank to gather global leaders for exploring future of finance
Central bank governors, industry leaders and heads of financial and technology institutions from around the world will gather in Dubai next week to discuss the future of finance at a conference …
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Adnoc, OCI plan Fertiglobe IPO, list on Abu Dhabi bourse
The Abu Dhabi National Oil Company (Adnoc) and chemical producer OCI plan to sell 13.8 per cent of shares in fertiliser joint venture Fertiglobe through an initial public offering (IPO)on the Abu …
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Upbeat UAE firms set to ramp up hiring
The vibrant bounce back in business activities from lows hit in the peak of the Covid-19 pandemic underpins this optimism and confidence, a new …
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UAE hiring boost as companies expect up to 50% rise in revenue
Companies in the UAE are preparing to ramp up hiring as they expect revenue to surge as much as 50 per cent in the next 12 months amid a strong economic rebound from the pandemic-driven slowdown.
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UAE bank unveils wealth management portal
It will help the group ‘deliver innovative solutions that address the evolving needs of our customers’ #uae #wealthmanagement …
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EFG Hermes serves as joint bookrunner on Adnoc Drilling’s $1.1b IPO on ADX
The IPO saw Adnoc Drilling offer 1.8 billion shares, representing 11% of the shares EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), has announced that its …
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Summit Bank Agrees to Sell 51% Shares to UAE Investor
Summit Bank has agreed to sell at least 51 percent of its voting shares to a UAE-based investor at Rs. 2.51 per share. According to a notice sent to the Pakistan Stock Exchange, Summit Bank received …
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Dubai’s Emirates NBD to expand presence in India with approval for two branches
Dubai’s Emirates NBD has announced plans for further expansion in India, following approval from RBI (Reserve Bank of India) to open two additional branches. The bank will open a full-service branch …
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Another ADNOC entity is heading for an IPO – this time it is Fertiglobe
Dubai: Another ADNOC related entity is gearing up for a stock market listing in Abu Dhabi. Fertiglobe plc – the world’s largest seaborne exporter of urea and ammonia combined – will be the next …
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Fertiglobe joint venture of OCI-ADNOC plans IPO of 13.8% stake
Abu Dhabi National Oil Company (ADNOC) and chemical producer OCI N.V. OCI.AS plan an initial public offering of 13.8% of the shares in fertiliser joint venture Fertiglobe on the Abu Dhabi Securities …
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Summit Bank to sell 51pc shares to UAE investor
KARACHI: The board of directors of Summit Bank has agreed to sell at least 51 per cent controlling interest to a UAE-based investor at Rs2.51 per share, a regulatory filing said on Monday. The …
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UAE Central Bank imposes $4.7mln in fines on 6 exchange houses
The Central Bank of the UAE (CBUAE) has imposed financial sanctions to the tune of 17.31 million ($4.7 million) on six exchange houses operating in the UAE as part of its efforts to combat money …
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DFSA provides regulatory framework for future of finance
The Dubai Financial Services Authority (DFSA), the independent financial regulator of the Dubai International Financial Centre (DIFC), continues to …
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UAE expected to raise around $3 billion with debut bonds – sources
The United Arab Emirates federal government is expected to raise between $3 billion and $3.5 billion from its debut bond sale, which will comprise three tranches denominated in U.S. dollars, two …
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UAE Markets Its First Federal Bond to Global Investors
The United Arab Emirates is marketing the first bond sale in its 50-year history as a combined federation, joining the rush of emerging-market borrowers tapping investors before the Federal Reserve …
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