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Tag: finance

Posted on 07/10/2021

Dubai: This expat once paid Dh2,000 annual rent for a villa

“And in 1968, my mother and us (seven siblings) landed in the UAE after taking a train from Lahore to Karachi and then flying with PIA from Karachi to Dubai.” Rana and his family stayed in Cola colony …
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Posted on 07/10/2021

UAE issues first ever sovereign bonds

The UAE, the Arab world’s second-largest economy, issued multi-tranche sovereign bonds for the first time as a federation as the country looks to raise fresh funding amid low interest rates globally.
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Posted on 07/10/2021

UAE’s Ministry of Finance set to issue dollar-dominated multi-tranche bond offering

The UAE’s Ministry of Finance (MoF) is set to issue a dollar-denominated multi-tranche bond offering for subscription, comprising medium and long-term tranches: a 10-year tranche, a 20-year tranche, …
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Posted on 07/10/2021

Ministry of Finance issues multi-tranche bond package offering for subscription

(MENAFN- Emirates News Agency (WAM)) ABU DHABI, 7th October, 2021 (WAM) — The UAE Government, represented by the Ministry of Finance (MoF), is set to issue a US dollar- denominated multi-tranche bond …
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Posted on 07/10/2021

UAE issues a historic ‘federal’ bond issue to raise $4b

Dubai: The UAE’s Ministry of Finance has released a $4 billion bond package for subscription, featuring a 10-year tranche, another of 20 years, as well as a 40-year dual-listed Formosa tranche. This …
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Posted on 07/10/2021

Remote work more productive for most UAE employees

Working remotely is more productive for 67.6% of UAE employees, said Poly, a creator of premium audio and video products, in a new report outlining the evolution of the workplace and changing employee …
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Posted on 07/10/2021

UAE: Police warn of phone scammers’ latest tricks

In a new trick, phone scammers have been telling residents that they are among those being honoured by authorities for participating in the recently concluded National Sterilisation Programme, …
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Posted on 07/10/2021

Mashreq Bank appoints Govindaiah as Associate VP to expand India operations

Prior to joining Mashreq he was instrumental in setting up Danske IT, a Danish Captive operation in Bangalore as director group real estate and corporate services. Govindaiah has worked with the firm …
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Posted on 07/10/2021

Dubai: Gold prices drop ahead of US jobs data

Gold prices fell on Thursday as the dollar remained firm and investors were cautious ahead of a US payrolls report that is expected to provide clues on the Federal Reserve’s tapering timeline. Spot …
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Posted on 07/10/2021

‘Intimidating’: Dubai ruler tried to buy 30 million pound estate next to ex-wife

Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum tried to buy one of the most expensive properties for sale in Britain which overlooked his ex-wife’s rural estate, in a “deliberate” act that was …
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Posted on 07/10/2021

Blockchain VC CV VC Begins Dubai Operations

Blockchain venture capitalist CV VC has started its Dubai operations in partnership with DMCC Crypto Centre. CV VC has currently successfully invested in 32 early-stage blockchain startups from around …
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Posted on 06/10/2021

DIFC To Take NFT BAZL Dubai to the Next Level

The latest NFT BAZL exhibition will kickstart Gulf Blockchain Week with a groundbreaking mural at DIFC, NFT-optimized TVs, and smart NFC technology. NFTs are here to stay. That much is clear. Jay-Z …
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Posted on 06/10/2021

Dubai-based Sunset Hospitality could look at future IPO to fund growth

CEO Antonio Gonzalez told Arabian Business the company is looking to open 20 hotels within the next three years …
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Posted on 06/10/2021

UAE central bank issues commemorative coins on Barakah Plant

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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Posted on 06/10/2021

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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Posted on 05/10/2021

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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Posted on 05/10/2021

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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