Abu Dhabi Islamic Bank (Adib) announced on Monday it would postpone one monthly instalment of its eligible customers at no fees or extra charges to provide relief and help customers better manage …
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Mubadala Says It’s Close to IPO of Emirates Global Aluminium
Abu Dhabi sovereign wealth fund Mubadala Investment Co. said it’s “close” to an initial public offering of Emirates Global Aluminium PJSC as it studies other major deals including a role in a …
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Dubai attracts Dhs24.7 billion in foreign direct investments in ’20
Dubai recorded exceptional inflows of foreign direct investments … 12 minutes ago Mubadala invests record amount in 2020, eyes aluminium IPO: CEO Abu Dhabi state investor Mubadala invested a record …
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Mubadala invests record amount in 2020, eyes aluminium IPO: CEO
Separately, Mubadala Investment Company has invested $75 million in 5-year pre-IPO convertible bonds of Telegram … Dubal Holding’s decision to acquire a majority stake in Dubai-based aluminium …
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Al Maryah Community Bank receives approval from UAE Central Bank
“Al Maryah Community Bank” has announced the receipt of Central Bank of UAE’s license making it the first specialized digital bank to serve the UAE community through using state-of-the-art new age …
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Mubadala Says It Is Close to IPO of Emirates Global Aluminium
“We’ve been thinking about this for a couple of years and waiting for the right time for that business to be IPO’d,” Chief … and Investment Corp. of Dubai.
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Abu Dhabi’s Mubadala invested record amount in 2020, eyes aluminium IPO: CEO
He said Emirates Global Aluminium, which is owned by Mubadala and Investment Corp of Dubai, is well placed for an initial public offering. “This company is now a very mature business, a very …
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United Arab Emirates (UAE) Cards and Payments Market Opportunities and Risks Report 2021-2024 – ResearchAndMarkets.com
including Smart Dubai and the Dubai Department of Finance, developed the Dubai Cashless Framework Report, with an objective to enable all transactions in Dubai to be made through cashless …
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UAE-based Agthia’s new strategy targets market expansion, acquisitions – CEO
“We aim to grow from being a UAE centric organisation to live in our footprints across … Ammar Al Ghoul, Chief Financial Officer, said the company plans to finance the Egyptian purchase through a …
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Central Bank appoints head of UAE financial intelligence unit
Ba’Alawi has been acting head of the FIU since March 2018 and brings more than ten years specialist experience to the role. The Governor of the Central Bank of the UAE (CBUAE) has appointed Ali Faisal …
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UPDATE 1-Abu Dhabi’s ADNOC, Dutch-listed OCI weigh IPO of fertiliser joint venture -sources
The business is expected to be next in line for a listing, after ADNOC completes the IPO of its drilling business … and merchant ammonia at four subsidiaries in Egypt, the United Arab Emirates and …
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UAE’s Mubadala May Join $12 Billion Aramco Oil Pipelines Deal
An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around $10.5 billion.Mubadala Investment Co., a fund with $232 …
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UAE Ramadan scheme: Feed the needy for as low as Dh1
Providing food during the holy month of Ramadan is the best we can give from the UAE to humanity. For a donation of as low as Dh1, you can take part in the region’s biggest food donation drive …
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UAE’s flydubai says fleet not affected by possible 737 MAX electrical issue
United Arab Emirates airline flydubai said on Sunday its 14 Boeing 737 MAX jets were not affected by a potential electrical problem in certain jets. Other airlines withdrew dozens of 737 MAX aircraft …
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Mubadala discusses GlobalFoundries IPO at $20bn value
The sovereign wealth fund has been having initial discussions with potential advisers about a listing of GlobalFoundries that could value the business at about $20bn, according to the people. It …
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The rise of contactless payments in the UAE
Emirates NBD, Dubai’s largest bank and a front-runner in digital banking, said it saw contactless payment transactions which include contactless card and mobile wallet-based payments rise by 59 …
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UAE’s largest lender unveils payments subsidiary Magnati
Existing payments business is now a fully owned subsidiary as it looks to build on $18bn deals in 2020 First Abu Dhabi Bank (FAB), the UAE’s largest lender, has completed the carve out of its payments …
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