National Bank of Kuwait , the Gulf country’s largest lender, has given initial price guidance for six-year U.S. dollar-denominated bonds of around 115 basis points over U.S. Treasuries, a bank …
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UAE Anti-Money-Laundering commitee adopts regulatory framework for virtual assets
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) and Chairman of the NAMLCFTC, chaired the meeting, in the presence of Ahmed Ali Al Sayegh, Minister of State for the UAE. The …
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Dubai real estate: Mortgaged properties nearly doubled in H1 2021
The first half of 2021 witnessed an upsurge in mortgage-backed sales in Dubai as attractive interest rates and property prices encouraged several investors and long-term tenants to become real-estate …
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Bhupender Yadav, UAE’s Sultan Al Jaber hold talks on upcoming 26th COP summit
Environment Minister Bhupender Yadav said that renewable energy and energy efficiency were among the key pillars of India’s climate change strategies …
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VFEX signs Dubai deal
As part of the agreement, the DGCX will extend technical support, knowledge and skills to VFEX, a subsidiary of the Zimbabwe Stock Exchange (ZSE), with the ultimate aim of establishing an …
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Finance and National Economy Minister hails Bahrain-UAE ties
Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa praised deep-rooted historic relations binding the Kingdom of Bahrain and the United Arab Emirates. He noted the advanced …
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Gross assets of UAE banks hit Dh3.233T
A year ago, total assets of banks in the UAE increased by 7.6 per cent year-on-year at the end of September 2020, and two per cent quarter-on-quarter …
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ADNOC Drilling’s IPO gets in a major US investor with Dh367m
Dubai: The Abu Dhabi National Oil Company subsidiary ADNOC Drilling has landed a major US investor for its IPO, with the contract drilling company Helmreich & Payne to invest Dh367 million in the …
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93 UAE nationals empowered with vital financial knowledge after graduating from Ma’an’s ‘Ghaya’ programme
The second cohort of the three-month financial literacy programme, taught by specialised volunteers, focused on managing finances more efficiently, understanding the basics of money matters and explor …
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US driller Helmerich & Payne to invest $100 million in ADNOC Drilling IPO
The cornerstone investment by H&P will be at the IPO price and is subject to a three-year Dubai: US contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public …
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U.S. driller Helmerich & Payne to invest in ADNOC Drilling IPO
U.S. contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public offering (IPO) of Abu Dhabi National Oil Company’s drilling unit, the companies said in a joint …
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Dubai’s Emirates NBD says 17% rise in digital money transfer
Dubai’s biggest lender Emirates NBD saw a 17 percent increase in the value of funds in its digital money transfer platform in the first eight months of 2021, compared to the same period last year. In …
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FAB appoints Heads of Investment Banking and Consumer Banking Groups
First Abu Dhabi Bank (FAB) appoints Martin Tricaud as Group Head of its Investment Banking Group and Futoon Almazrouei as Group Head of Consumer Banking Group UAE, as the UAE’s largest bank continues …
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UAE’s Pearl Petroleum raises Dh917m to invest in Iraqi project
Pearl Petroleum Co, a consortium led by the UAE’s Dana Gas and Crescent Petroleum, has raised $250 million (Dh917.5 million) in financing from the US International Development Finance Corporation (DFC …
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UAE Dana Gas-led consortium signs $250mln financing for Khor Mor project
Pearl Petroleum Co. Ltd., the consortium led by the UAE-based energy firms Dana Gas and Crescent Petroleum, has signed a $250 million financing agreement with the US International Development Finance …
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First Abu Dhabi Bank hires new head of investment banking from HSBC -sources
DUBAI – First Abu Dhabi Bank, the United Arab Emirates’ largest lender, has hired Martin Tricaud as head of investment banking, sources said. Tricaud was previously chief executive officer for the …
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Finnovex ME Summit 2021 to Focus on Banking Innovation and Transformation
The platform will bring together top professionals and C-level executives from the industry to examine how technology is reimagining Banking innovation for 2021 and beyond. Dubai – September 02, 2021: …
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