Abu Dhabi, which has the biggest sovereign wealth fund in the Gulf Cooperation Council (GCC), said that its offering was oversubscribed by more than six times.
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Abu Dhabi issues $7bn in multi-tranche bonds
Abu Dhabi said it has priced a $7 billion multi-tranche international bond offering as part of its medium-term strategy focused on optimising the capital structure of the emirate. In a statement today …
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Abu Dhabi Sells $7 Billion of Bonds to Counter Falling Oil Prices
The transaction contained three tranches- a $2 billion five-year tranche, a $2 billion 10-year segment, and a third tranche of $3 billion maturing after 30 years – the Abu Dhabi department of finance …
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Ramadan 2020 in UAE: Sheikh Mohammed announces ’10 million meals’ campaign for Ramadan
The national initiative aims to align the country’s policies, work environment and all procedures with the UAE being a global incubator for tolerance. Image Credit: Twitter/@HHShkMohd Dubai: His …
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UAE central bank urges lenders to utilise $70bln economy support package
The governor of the UAE central bank met with the various lenders in the country last week and urged them to utilise the allocated funds from the Targeted Economic Support Scheme (TESS) facility in …
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Coronavirus: UAE leaders’ response to Covid-19 ranked among Top-10 in the world
Indicators were designed to rank how effective a country’s leadership is and how prepared its health systems are in tackling the pandemic. The UAE has been ranked among the top 10 countries with the …
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COVID-19: More special flights from UAE to Pakistan announced to repatriate stranded passengers
Dubai: Good news for stranded Pakistanis as more special flights have been announced to repatriate more than 3000 passengers from UAE to Pakistan this week. At least four flights will be operated by …
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March sees over $843bln in gross bank assets: UAE Central Bank
ABU DHABI- The UAE Central Bank announced on Sunday that gross bank assets for March 2020 had reached AED3.128 trillion, a growth of 1.1 percent from the previous month. In a statement, the Central …
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Pakistan Starts Repatriating UAE-Based Nationals Stranded by Coronavirus
Pakistan has started repatriating some of its citizens from the United Arab Emirates, which had threatened to review labor ties with countries refusing to take back their nationals during the novel …
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Dubai Economy receives 11,655 consumer complaints in Q1 2020; electronics tops the list
The increase signifies the persistent focus of Dubai Economy on protecting consumer rights … he is respected for his astute understanding of the local business scene.
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COVID-19: Dubai Silicon Oasis Authority offers rent waivers and other incentives to businesses, residents
Dubai: Dubai Silicon Oasis Authority (DSOA) announced exemptions, incentives and flexible payment plans for companies, commercial tenants, and residents occupying buildings owned by the Authority.
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Abu Dhabi issues $7bln in multi-tranche bonds
Strong demand from international investors representing 90% of the final orderbook Issuance capitalizes on solid market conditions as part of Abu Dhabi’s debt management strategy Abu Dhabi: …
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Can UAE employer hold passport during coronavirus crisis? Here’s the law
Question: My employer has terminated my employment and my passport is still in the custody of my company. I had requested my employer to return my passport and they said that it will be handed over to …
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India looking for alternative accommodation for virus-affected expats in UAE
An embassy official said repatriation flights would be arranged after the Indian government eased the travel ban.
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UAE announces working hours for Ramadan 2020
Motivate Publishing Apps-for-driving-in-Dubai The public sector will work for five hours from 9am to 2pm. The holy month of Ramadan is likely to begin on April 24, 2020, and the UAE government has …
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Kerala businessman in UAE apologises after poem sparks race row
Sharjah: A prominent Keralite businessman in the UAE has apologised for unintentionally hurting religious sentiments through his poem about coronavirus. Sohan Roy, founder chairman and CEO of …
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Jupiter Business Mentors partners with in5 to help start-up entrepreneurs with speed mentoring sessions
Dubai, UAE – Jupiter Business Mentors (JBM), a home-grown UAE based mentorship platform has announced its partnership with in5, an enabling platform for entrepreneurs and startups fostering innovation …
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