Dubai, United Arab Emirates – Emirates Development Bank (‘EDB’ or ‘the Bank’), the key financial engine for economic development and industrial advancement in the UAE, has announced its participation …
UAE treasury bonds and sukuk hit $6.8bn milestone
The Government Treasury Bonds and Islamic Treasury Sukuk programs, launched by the Ministry of Finance in 2022, achieved exceptional results. Since their launch and up to the end of August 2024, …
Dubai: Spain’s Santander Private Banking opens regional HQ in DIFC
Santander Group’s capabilities and international private banking platform will allow Santander Private Banking to house a significant team of elite private bankers in DIFC …
Santander Private Banking expands global presence with first regional headquarters in DIFC
Dubai, UAE: Santander Private Banking, has established a new office in Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) …
United Arab Bank participates in Ru’ya Careers UAE 2024
The Career Fair which will be held from 24th to 26th September at the Dubai World Trade Centre is one of the leading recruitment, skills development and networking forum empowering young Emiratis …
MEBIS 2024 concludes with groundbreaking insights on AI, digital transformation and the future of banking in the Middle East
With a focus on enhancing customer experience, security, payments, and the rapidly evolving landscapes of Open Banking and Open Finance, the event showcased cutting-edge solutions and sparked insightf …
UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances
There has been increased demand in primary markets for Islamic Treasury Sukuk and growth in sukuk auctions by primary distributors.
UAE: $6.8bln in issuances of Government Treasury Bonds, Islamic treasury sukuk
UAE continues to cement its position as one of the most competitive and advanced economies in the world, said Sheikh Maktoum …
UAE IPO: NMDC Energy shares end day up 8% in year’s biggest offering
NMDC Energy shares initially soared more than 21 per cent before settling to an 8 per cent gain after an historic IPO in the UAE. NMDC Energy has begun trading on the Abu Dhabi Securities Exchange …
Oman’s OQEP to offer 25% stake in IPO, state news agency reports
Wall Street closed flat on Friday, hovering near the previous session’s record-high close for the Dow and S&P 500, while the dollar firmed as investors digested the Federal Reserve’s 50-basis-point …
Prypco disburses record $136m mortgages in August
Prypco, a Dubai-based prop-tech start-up, has announced a major milestone. In August 2024, Prypco Mortgage disbursed over AED500 million ($136 millon) in mortgages. This represents the highest volume …
Upcoming IPO: Schloss Bangalore, Operator Of Leela Palace, Submits Draft Papers For Maiden Issue, Check Details
The firm in its draft red herring prospectus (DRHP) revealed that it plans to raise Rs 3,000 crore via a fresh issue of equity and Rs 2,000 crore through an offer-for-sale (OFS) component …
The UAE’s growth plan to boost ranks of Emiratis
But a new “Emirati Family Growth Support Programme” in Abu Dhabi, the emirate which includes the UAE’s capital city, focuses on family size, with incentives such as reduced loan debt on the birth of a …
UAE: Up to 2 years jail, fines over Dh5,000 for incorrectly signing a cheque
If a signature was forged intentionally or maliciously, legal action can be taken to recover the amount owed under the law …
Israel raids, shuts down Al Jazeera bureau in Ramallah in West Bank
Israeli troops raided the offices of the satellite news network Al Jazeera in the Israeli-occupied West Bank early Sunday.
Look: Dubai Metro commuters dance to tunes inside trains, stations as music festival kicks off
The festival will run until September 27 at five key metro stations: Dubai Mall, Mall of the Emirates, BurJuman, Union, and DMCC from 5pm to 10pm …
AlShaya Starbucks franchise stake sale talks on hold, sources say
The sale of a stake in the Middle East, North Africa and central Asia Starbucks franchise operated by Kuwait’s AlShaya Group is on hold, two people with knowledge of the process said.