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 …
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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 …
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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 …
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Dubai's Government Launches Blockchain Trade Finance Trial With IBM
Dubai’s government is testing blockchain tech for trade finance in partnership with IBM. Dubai Customs, the emirate’s customs office, and Dubai Trade, an electronic trade services hub operated by the government, are helping spearhead the initiative …
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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 …
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Emirates NBD adds digital signatures for authentication, fingerprint-enabled bank app
Emirates NBD has introduced a biometric signature option for customers, as well as launched a new fingerprint-secured banking app aimed at millennial customers, according to a report by CPI Financial. The UAE bank has implemented instant digital …
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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 …
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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 …
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Saudi Aramco's oil reserves confirmed by external audit: sources
DUBAI/KHOBAR, Saudi Arabia/LONDON The first independent audit of Saudi Aramco’s [IPO-ARMO.SE] oil reserves has confirmed the state oil company’s own figures, sources familiar with the situation said, ahead of its planned share market listing next year.
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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 …
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NSE Selects IDFC Chief Vikram Limaye As New CEO And MD
At present, Limaye is in Dubai to attend a meeting of the International Cricket Council (ICC). The appointment comes at a time when the exchange is preparing to launch its IPO estimated to be worth over Rs 10,000 crore. Besides, the bourse is facing …
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Global Investment Banking Internship Program
Global Banking Training – Dubai – 2 month Elite Global Investment Banking Internship is an unique opportunity to gain client-facing experience of real world transactions and working knowledge for Investment Banking, Private Equity and Hedge Fund careers.
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Countering financial crimes remains a top priority of UAE market regulators
Dubai:The capital markets regulator said on Sunday that countering financial crimes remains a top priority of regulators, at the same time providing a supportive environment for new businesses. The UAE recently adopted enhanced regulations in anti-money …
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S&P affirms Abu Dhabi’s ratings
We estimate the UAE’s gross external financing needs at almost 115 per cent of usable reserves of the UAE central bank and CARs on average over the same period. “We expect the UAE dirham’s exchange rate peg to the U.S. dollar will remain in place over …
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What about a poetry evening in Dubai today?
An annual poetry symposium, The Poetic Heart, is bringing together 12 poets from different nationalities, mature and young poets, at Emirates Institute of Banking and Financial Studies auditorium located at Dubai International Academic City today and tomorrow.
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The bears gain control of UAE markets
then Ajman Bank could eventually hit 1.84 at a minimum. Bruce Powers, CMT, is chief technical analyst at www.MarketsToday.net. He is based in Dubai.
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Here are four tips to help you secure a personal loan in 2017
So if you’re earning Dh10,000 per month, but you have to pay out Dh5,000 per month on credit card and loan payments, your debt-burden ratio is 50 per cent – the legal limit in the UAE. When it comes … line as soon as a bank grants you an approval for …
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