The interest rate notification from CBUAE comes after the US Federal Reserve announced that it is maintaining its key policy rate unchanged …
COP28 organiser “pleasantly surprised” by development bank reform talks
Majid Al Suwaidi, director general of COP28, which will be held in Dubai in December, said reforming development institutions like the World Bank was a priority. “The reform conversation is one that I …
UAE and Philippines strengthen financial and investment relations
Mohamed Bin Hadi Al Husseini, Minister of State for Financial Affairs, received a high-level delegation from the Republic of the Philippines at the Ministry of Finance’s Dubai office, in the presence …
Dubai insurer hit with fresh bank lawsuit over trade credit policies
Fimbank has turned to the courts in a bid to force Dubai Insurance Co to pay out on a trade credit insurance policy invoked after a commodity trader failed to repay a US$10.8mn trade finance facility.
Saudi PIF-backed ADES prices IPO at top end, implying over $4 bln valuation
DUBAI, Sept 20 (Reuters) – Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals …
DIFC unveils five-year innovation outlook for financial services
The report unveils four key trends that will be pivotal in shaping the sector over the next five years, unlocking the potential of open finance, greater decentralisation in finance, the emergence of …
Saudi PIF-backed ADES prices IPO at top end, implying over $4bln valuation
DUBAI – Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals ($4.06 billion) for the …
National Bank of Fujairah participates in Ru’ya Careers UAE Redefined, underscoring its commitment to Emiratisation
Dubai: National Bank of Fujairah (NBF) is participating this week in Ru’ya Careers UAE Redefined, taking place between September 19-21 at Dubai World Trade Centre. Participation in this leading …
Dubai leads in driving innovation in financial services: report
digital assets and ESG-related finance have been identified as key trends driving innovation in the next five years, says a report. It also reinforces Dubai’s leading role in driving innovation in …
UAE-headquartered Fuze raises $14m seed round
Regulations have played a pivotal role in propelling the UAE into a central position within the global … a reliable bridge to the new era of investments and to the future of finance,” said Yusuf.
Ajman Chamber, Ajman Bank to foster economic growth
AJMAN – Abdullah Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry (ACCI), has praised the efforts of the banking sector in supporting the growth of the economic industry and …
Emirates Development Bank Participates In Ru’ya Careers Redefined 2023 Supports Emirati Youth Growth
Emirates Development Bank (“EDB” or“the Bank”), the key financial engine of economic development and industrial advancement, is participating in …
UAE banks lead sustainable financing, initiatives ahead of COP28
The UAE banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives …
UAE hosts Regional Senior Budget Officials Network for MENA
The UAE Ministry of Finance is hosting the 13th annual meeting of the Organisation for Economic Co-operation and Development (OECD) Middle East and North Africa Senior Budget Officials (MENA SBO).
UAE national banks lead in sustainable financing and climate initiatives ahead of COP28
National banks in the UAE are playing a pivotal role in promoting sustainable financing and supporting climate neutrality initiatives, in line with the UAE government’s vision to promote sustainable …
Dubai’s Emirates says passenger demand staying ‘very high’, exceeding forecast
Adel Ahmed Al Redha, chief operating officer, forecasted that this trend will continue as the aviation sector is flying high after the pandemic …
UAE taps international bond markets with $1.5bn sale
The bond, which will be listed in London and Dubai, marks the UAE’s return to international debt markets for the first time in well over a year.