Dubai Islamic Bank issues us$ 1 Billion senior

Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The US$ 1 Billion Sukuk was issued with a 5 year tenor, maturing on 14 th February 2022. The issuance under DIB’s USD 5 billion ... ( read original story ...)

Bank promises backing for grassroots events

Dubai: The chief executive officer of the Commercial Bank of Dubai (CBD) has reiterated the community aspect of backing an important sporting event like the recently-concluded Dubai Tour. One of the UAE’s premier banks, CBD has been a sponsor of the ... ( read original story ...)

UAE bank NBAD aims to double size of debt programme to $15 bln

DUBAI, Feb 7 (Reuters) - National Bank of Abu Dhabi (NBAD) said on Tuesday it will seek shareholder approval to double the size of its euro medium term note programme to $15 billion from the existing level of $7.5 billion. Shareholders will discuss the ... ( read original story ...)

Middle East-based Emirates NBD launches mobile app-based bank

“With this new launch, the bank further builds on its role as a leader in providing smart banking services in the UAE,” said Suvo Sarkar, group head of retail banking and wealth management at Emirates NBD. “Liv. offers customers a unique experience ... ( read original story ...)

Islamic finance: A funding alternative

Young couple Jawad and Amal are planning to purchase a home in Dubai this year. Being devout Muslims, they wish to finance their property in accordance with the principles of their faith. Having taken conventional mortgage offers from banks on board ... ( read original story ...)

Arab IPO Summit to focus on capital growth

The second Arab IPO Summit, a major gathering of capital market authorities and financial institutions upcoming in Dubai, UAE will highlight the critical aspects for the implementation of successful IPO (Initial Public Offerings). The event will be held on ... ( read original story ...)

UAE's first residential 'REIT' comes into being

Emirates REIT is listed on Nasdaq Dubai with a Dh2.8 billion portfolio of office buildings ... allowing the REIT to build-up a large portfolio in order to prepare for an IPO. According to Sylvain Vieujot, Chairman of Equitativa, “We believe this is ... ( read original story ...)