Aldar Investment Properties, a unit of Abu Dhabi’s largest developer Aldar Properties , plans to issue a $500 million 10-year debut green Islamic bond, or sukuk, on Wednesday, according to a bank …
Empowering the future of finance
The Finance Excellence and Leadership Summit, organised by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA), is an innovative event that …
UPDATE 1-Abu Dhabi’s ADNOC looks to raise up to $607 mln from IPO of logistics unit
State oil giant Abu Dhabi National Oil Co (ADNOC) said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could …
Dubai records over $544mln in realty transactions on Tuesday
DUBAI: Dubai real estate market recorded 512 sales transactions worth AED1.39 billion, in addition to 98 mortgage deals of AED562.97 million, and 23 gift deals amounting to AED59.9 million on Tuesday, …
Gross banks’ assets rose by 2.2% at end of February 2023: UAE central bank
ABU DHABI: Gross banks’ assets, including bankers’ acceptances, rose by 2.2 percent, from AED 3,668.2 billion at the end of January 2023 to AED 3,747.8 billion at the end of February 2023, according …
UAE Central Bank imposes administrative sanctions on 8 banks
Penalties by the CBUAE take into account the banks’ failures to comply with the instructions not to grant any loans or credit facilities to the beneficiaries …
Dubai records over AED2 bn in realty transactions Tuesday
Dubai real estate market recorded 512 sales transactions worth AED1.39 billion, in addition to 98 mortgage deals of AED562.97 million, and 23 gift deals amounting to AED59.9 million on Tuesday, data …
Adnoc L&S IPO: How to subscribe to Abu Dhabi-based company’s shares for Dh2
(For UAE citizens and residents holding Emirates identity); Passport … in the name of the applicant and not a joint bank account. The price range for the IPO has been set between Dh1.99 to Dh2.01 …
Dubai: The next hedge fund centre – Opportunities and outlook
DIFC’s remarkable growth significantly contributes to the goal of the Dubai Economic Agenda (D33) to transform Dubai into one of the world’s top three cities for business …
UAE Central Bank imposes sanctions on 8 banks
The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the UAE.
Dubai real estate: Buoyancy in market continues with AED2bn deals on Monday
Monday’s deals included 638 sales transactions worth AED 1.79 billion, 116 mortgage deals of AED188.46 million, and 17 gift deals amounting to AED 29.45 million, according to data by Dubai’s Land …
Adnoc L&S: Abu Dhabi-based company aims to raise $607 million in IPO, sets price range of Dh1.99-Dh2.01
A dnoc Logistics and Services expects to raise up to $607 million (Dh2.23 billion) by selling 1.1 billion shares, representing 15 per cent stake in the firm, in an initial public offering and to list …
ADNOC L&S sets IPO price range, seeks to raise $607m
ADNOC is offering 1.11 billion shares, equivalent to 15 per cent of the total issued share capital of ADNOC L&S …
Minister rings market-opening bell to celebrate listing the Islamic Treasury Sukuk on Nasdaq Dubai
The UAE, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced launching …
UAE corporate tax: Public joint stock companies, and private firms can register from May 15
UAE Corporate Tax: Ministry of Finance issues ‘explanatory guide’ on what businesses can expect UAE Corporate Tax: This time, mid-sized companies get a break with ‘transfer pricing’ updates UAE …
MoF marks the listing of Islamic Treasury Sukuk on Nasdaq Dubai
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, rang the market-opening bell to celebrate and mark listing the domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) on Nasdaq Dubai.
Dubai resident who quit banking career for climbing scales Mount Everest
A Dubai resident has reached the summit of Mount Everest, little more than a year after quitting her day job as a banker to concentrate on climbing. Naila Kiani, 37, scaled the world’s highest …