Tag: finance

The UAE remains a key Islamic finance hub. Islamic financing and deposits accounted for 29% and 26% of total sector financing and deposi …
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While, with this registration, shares of Malabar Investments will be not be publicly traded, private trading of the securities will take place through Emirates NBD Securities, said the company, which …
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The Central Bank of the UAE expects economic activity to continue to pick up, supporting positive growth of 2.5 per cent during 2021.
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Middle East and North Africa sees just three IPOs raising $294.8m during the first quarter of 2021, down 64% on Q1 2020 …
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Germany has purchased data from an anonymous source in Dubai on millions of taxpayers worldwide in a bid to crack down on tax evasion, the finance ministry said Wednesday. The data provides …
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Germany’s finance minister has ordered the purchase of data on Germans with assets in Dubai, the United Arab Emirates, as part of efforts to combat tax evasion, following similar purchases by regional …
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Dubai: Dubai Islamic Bank successfully priced $1 billion 5 year sukuk issue with a profit rate of 1.95 per cent per annum. This transaction represents the lowest ever pricing achieved by DIB on any of …
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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by assets, has priced a landmark $1,000 million five-year sukuk issue with a profit rate of 1.9590% per annum. This transaction represents …
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A first-of-its-kind joint initiative emanating from the CBUAE’s and Saudi Central Bank’s shared commitment to innovation, Project Aber, as a proof-of-concept, aims to explore whether distributed …
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In 2019, ADCB merged with Union National Bank and Al Hilal Bank to form the ADCB Group, which is the UAE’s third largest bank. In 2020, Dubai Islamic Bank, which was already the largest Islamic …
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Hussain Sajwani resigned as its chairman last week after his investment firm offered to acquire 100 per cent of Damac …
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Unifying efforts has contributed to raising the UAE’s compliance AML/CFT framework Abu Dhabi: Khaled Mohamed Balama, Governor of the Central Bank of the UAE on Tuesday, co-chaired a meeting in the …
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The United Arab Emirates is a key hub for gold trading linked to money laundering, organized crime and terrorist financing.
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Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, sold $1 billion in five-year sukuk on Tuesday after receiving more than $2.8 billion in orders for the Islamic bonds, a document …
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Arab Banking Corporation (Bank ABC) said it had, along with First Abu Dhabi Bank (FAB), acted as joint co-ordinators, underwriters, initial mandated lead arrangers and bookrunners to arrange a $250 …
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This is the second major listing on Nasdaq Dubai during the last seven days, pushing the total value of US dollar-denominated debt listings to $96.876 …
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Dubai: Emirates Development Bank, one of the pivotal players in the UAE’s industrial strategy, has listed its The five-year debt issue has been priced at a yield of 1.63 per cent and was four times …
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