with a plan to incorporate all branches in the UAE in the next few months, adding in new automated services and transactions to the programme. Said Suvo Sarkar, senior executive vice president & group head – retail banking and wealth management …
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Dubai Islamic Bank raises $1bn through sukuk sale
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Six Gulf nations aiming for simultaneous VAT adoption in January: UAE official
a senior United Arab Emirates finance official said on Sunday. The GCC, its finances strained by low oil prices, has long planned to adopt the tax in 2018 as a way to increase non-oil revenues, but economists and officials in some countries have said …
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Dubai’s oldest bank is anything but archaic inside
Mashreq is the oldest privately owned bank in the UAE – but that’s about the only thing that’s antiquated about the company. Since it was established in 1967, the bank has been an IT pioneer in Dubai – from installing the Emirate’s first ATM, to …
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UPDATE 3-Boutique bank Moelis wins advisory role for mammoth Saudi IPO
NEW YORK/LONDON/DUBAI, Feb 8 Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco on what is expected to be the world’s biggest initial public share offering, sources familiar with the matter told Reuters. The IPO, which Saudi …
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New York’s Moelis selected as advisor for Saudi Aramco IPO
Read: Saudi energy minister still expects Aramco IPO in 2018 The listing of the 5 per cent stake … footprint with operations in markets including Germany, India and the UAE. It now has a sizeable team of advisors who have worked closely with companies …
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Boutique bank Moelis wins advisory role for mammoth Saudi Aramco IPO
NEW YORK/LONDON/DUBAI (Reuters) – New York-based boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on its plans for what is expected to be the world’s biggest initial public share offer, sources familiar with …
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Boutique bank Moelis wins advisory role for mammoth Saudi IPO
NEW YORK/LONDON/DUBAI Boutique investment bank Moelis & Co (MC.N) has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on its plans for what is expected to be the world’s biggest initial public share offer, sources familiar with the matter told Reuters.
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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 …
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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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