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.
Dubai Duty Free donates Dh2m to Bridges of Goodness campaign
The Emirates Red Crescent and the partnering UAE humanitarian and charitable organisations are directly collecting donations in cash and in kind over the course of two weeks. Those interested can send …
UAE: Police urging residents to change credit/debit card PIN after holiday; here’s why
Do you save credit or debit card details on online shopping platforms? Does your card PIN consist of your date of birth? Are most of your passwords similar..
Dubai’s Mashreq approves $490mln dividend after profit nearly quadruples
The shareholders of Dubai’s Mashreq have approved a recommendation to distribute a cash dividend worth 1.8 billion UAE Dirhams ($490 million) for the financial year ended December 31, 2022 The lender …
Dubai attracts sustainable finance deals as Apical raises $787mn from MENA banks
Dubai continues to solidify its position as a global trading … 25 percent of the funds coming from notable Middle Eastern banks, including the National Bank of Kuwait (NBK), the First Abu Dhabi Bank …
UAE gas IPO’s $50 bln valuation looks like a floor
And the UAE is arguably a more stable regional place to park foreign … Abu Dhabi National Oil Company is planning to sell 4% of its new gas business, ADNOC Gas, in an initial public offering in Abu …
UAE residents most financially strong
In global comparison, UAE tops the charts for the strongest personal financial situation UAE residents most financially strong Financial literacy, financial planning, financial security, UAE, UAE resi …
Banking System in UAE: Complete Guide
Banks use the latest developments, and the actions of employees help residents to conduct financial transactions even at home, digital, and mobile banking offer advantages. More than five thousand …
UAE: Police urge residents not to share personal or banking details with unknown sources
The campaign, which is part of the strategies of the Ministry of Interior for the year 2023-2026, will continue until next March …
Empower to invest $122.5mn to cool Dubai Maritime City buildings
The two companies signed an agreement to supply District Cooling services to the DP World-owned project with a capacity of more than 63,000 RT Empower to invest $122.5mn to cool Dubai Maritime City …
UAE: HDFC Bank, Lulu Exchange to boost cross-border payments
The partnership will also look to strengthen the existing relationship between the two entities in India, where LuLu Financial Group operates LuLu Forex and the NBFC division LuLu Finserv …