The English Commercial Court has held, in the context of an application for security for costs against a United Arab Emirates (UAE)-domiciled bank, that there is no real risk that a judgment of an Eng …
First Abu Dhabi Bank launches $500m Islamic bond
(FAB), the UAE’s largest bank, has launched a $500m Islamic Bond. The 5-year sukuk was priced at 90 basis points over the US Treasury Rate, which is equivalent to a profit rate of 4.581 percent and is …
Adnoc intends to proceed with an IPO of a minority stake in Adnoc Gas on ADX
Adnoc, a reliable and responsible provider of lower- carbon intensity energy, has announced the formation of Adnoc Gas, effective 1 January 2023, its new world-scale gas …
First Abu Dhabi Bank raises $500m through Islamic bond
Chris Whiteoak First Abu Dhabi Bank reported a 19 per cent rise in its net income for the first nine months of last year. Chris Whiteoak / The National . First Abu Dhabi Bank, …
Many reasons why global hedge funds can make their presence felt in Dubai and at DIFC
Hedge funds looking to expand their horizons are turning to Dubai with a sense of optimism at a time when they see more challenging operating environments in more established markets. Dubai and …
Dubai school operator Taaleem reports 14% increase in first-quarter profit
Dubai school operator Taaleem Holdings has reported a 14 per cent increase in its first-quarter profit on the back of higher revenue as enrolment continued to rise across its schools. Net profit for …
Dubai Financial Market, Dubai World Trade Centre team up to hold MENA region’s first IPO-focused summit
The launch of the event series comes at an opportune time for Dubai and the wider region’s investment community following record IPO activity in 2022 Dubai Financial Market, Dubai World Trade Centre …
CBI governor visits UAE to facilitate banking interactions
Governor of the Central Bank of Iran (CBI) has left Tehran for the United Arab Emirates to facilitate the monetary and banking relations with the country.
UAE: Man sues phone scammer after losing Dh52,000; court dismisses case
The fraudster asked victim for bank details, claiming that he had won a million-dollar prize, and took the money from his account …
Gross bank assets rose to Dhs3.58tn by end of Oct 2022, reveals Central Bank of UAE
The central bank attributed the increase in domestic credit to the increase in credit granted to the public and private sectors …
Mandatory Emiratisation in UAE: Firms speed up hiring, training of Emiratis
As a result of the new mandates, recruitment firms say that the demand and salaries of young Emiratis have grown exponentially, with more and more women being hired …
Dubai Records Over AED2.1 Bn In Realty Transactions Monday
Dubai real estate market recorded 505 sales transactions worth AED1.56 billion, in addition to 98 mortgage dea …
DFM, DWTC to launch MENA IPO Summit
The Dubai Financial Market (DFM) and the Dubai World Trade Centre (DWTC) today announced their partnership to host the MENA IPO Summit – Dubai, an essential new platform set to unite the entire IPO …
UPDATE 1-IT services firm to be Qatar’s first to use book building for IPO
Qatari IT services firm MEEZA will be the first company in the country to use book-building to carry out an initial public offering, it said in a statement on Sunday, as Qatar aligns itself with …
Gross banks’ assets up to Dhs3.6tr by end of October: Central Bank
Gross banks’ assets, including bankers’ acceptances, rose by 0.9 per cent, from Dhs3.583 trillion at the end of September 2022 to Dhs3.615 trillion at the end of October 2022, according to the Central …
Gross bank assets up to Dh3.6 trillion by end of October: Central Bank
Gross banks’ assets, including bankers’ acceptances, rose by 0.9 per cent, from Dh3.583 trillion at the end of September 2022 to Dh3.615 trillion at the en..
DFM and DWTC to launch the MENA IPO Summit – Dubai 2023
Institutional investors, family businesses and startups to explore the latest regulations, best practices, and market trends in Dubai capital market Announcement follows the phenomenal momentum of …