Bank of Baroda (BoB) said it had taken a commercial decision to close its Al Ain branch in UAE a year ago and has received approvals from the country’s central bank and a photo that is being …
BoB: Will shut UAE branch, no Adani link
Images of queues at the bank’s Al Ain branch have been shared on social media, attributing them to the bank’s exposure to the Adani Group. The bank has termed the social media posts as “false and …
UAE weighs ‘options’ on US-sanctions hit Russian bank
The United Arab Emirates is studying “available options” after a Russian bank given a license to operate in the Gulf state was hit by a new wave of sanctions by the United States. MTS Bank, approved …
NIA team in Dubai to probe D-company in terror funding cases
The NIA move coincides with the visit of a high-level finance ministry team in February to firm up modalities to strengthen UAE-India trade relationships.
UAE participates in first G20 Finance Ministers and Central Bank Governors meeting in 2023
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, headed the UAE delegation participating in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in 2023. Held …
UAE expects non-oil GDP to grow 4.2% this year, minister says
The UAE expects its non-oil GDP to grow by 4.2 per cent this year, Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said in Bengaluru..
Dubai attracts sustainable finance deals as Apical raises $787mn from MENA, global banks
The round of financing saw almost 25 percent of Apical’s funds coming from notable Middle Eastern banks Dubai attracts sustainable finance deals as Apical raises $787mn from MENA, global banks …
UAE updates national terrorism list, 3 individuals and 1 entity added
UAE Cabinet issues resolution identifying individuals and entity on Local Terrorist List UAE updates national terrorism list, 3 individuals and 1 entity added Counter-terrorism, terrorism, UAE, UAE ca …
UAE Reaffirms Its Commitment To Combating International Financial Crime In Light Of Progress Made In 2022
ABU DHABI, 24th February, 2023 (WAM) — The UAE reaffirms its strong commitment and ongoing efforts in relation to anti-money laundering and c …
UAE markets rise as oil prices gain on Russian output cuts
Stock markets in the United Arab Emirates closed higher on Friday, tracking crude prices as the prospects of lower exports from Russia heightened investors’ risk sentiment.
UAE cbank studying options after UAE licensed Russian bank sanctioned
The central bank of the United Arab Emirates is studying available options regarding the new status of Russia’s MTS bank which it licensed to operate in the Gulf country last year, a state news agency …
US Targets Bank With UAE Ties in New Phase of Russia Sanctions
The US Treasury sanctioned a Russian bank with ties to the United Arab Emirates, signaling to allies that it will start cracking down on sanctions evasion as the war in Ukraine enters its second year.
UAE oil giant ADNOC eyes $2bn valuation, sets IPO price from AED2.25 to AED2.45
This has been fully covered, making it the biggest IPO in the UAE this year. The IPO also attracted cornerstone investments from several funds, including Alpha Dhabi and International Holding Co., as …
Bank of Sharjah mandates banks for senior unsecured dollar bond – document
A five-year dollar-denominated senior unsecured bond would follow, subject to market conditions, it said DUBAI – Bank of Sharjah hired banks to arrange a series of fixed income investor meetings ahead …
UPDATE 2-Abu Dhabi’s ADNOC looks to raise up to $2 bln from IPO of gas unit
State oil giant Abu Dhabi National Oil Co (ADNOC) said on Thursday it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 billion and give ADNOC Gas an …
UAE: Adnoc Sets IPO Price At Dh2.25 To Dh2.43 Could Raise Up To $2 Billion
State oil giant Abu Dhabi National Oil Co (Adnoc) said on Thursday it has set a price range for an initial public offering (ipo) of its gas unit tha …
UAE’s ADNOC Gas Eyes $2bn Windfall In IPO
State-owned UAE energy firm ADNOC Gas announced a price range on Thursday for an initial public offering it hopes will raise $2 billion, in what would be this year’s biggest share flotation so far.