Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, HSBC, and Standard Chartered Bank were mandated to manage the issuance process
The 50-year tranche is the longest term for a bond issued by a GCC sovereign issuer
The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office
Thales technology will digitise credit and debit cards available on CBK app
The crisis has opened up many growth avenues for healthtech ventures, which are attracting a significant amount of investor interest, opines entrepreneur and investor Shailesh Dash, who shares his market perspective in this monthly column
The Abu Dhabi-based company has amassed a portfolio spanning real estate to utilities and health care to food services
The collaboration will focus on innovation and technology
A zero per cent credit card installment plan has been introduced for a wide range of DMCC services
The project spans the GCC, Jordan and Egypt for Talabat, HungerStation and Zomato
Delma Exchange turns IT Infrastructure from CAPEX to OPEX
The finance and economic committee has also suggested reducing the period for borrowing
The government could still face a budget deficit of over 13 per cent of gross domestic product in 2020
Bahrain is under fiscal strain despite a $10bn bailout package pledged by its wealthier neighbours in 2018
Discussions between Bank Leumi and Emirates NBD Bank are at an early stage and no final decisions have been made
With Muslim consumers across the world seeking out faith-based products and services, the Islamic economy is seeing robust growth among all its different verticals
Chinese tourists can pay using the highly popular digital payment platform
Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over
The plans, subject to shareholder and regulatory approvals, are still in the preliminary discussions phase
The manager has already moved about 90 per cent of that money into markets such as China and India, after cutting some positions in developed markets
Second-quarter net profit for UAE-based top banks jumps 21 per cent
Abu Dhabi raised $7bn in April also through a three-tranche bond offering
Aurora50 is initiating the discussion around board-level gender diversity with a virtual event
UAE-based LuLu Exchange contributes to nearly 1.7 per cent of the global remittance inflows, reveals Ahamed
Kuwait’s main equity index led losses in the region
A stable financial sector is key to sustainable growth
On August 19, the listed public joint stock companies booked Dhs11.7bn in gains
The validity of a family ownership contract can extend up to 15 years, after which it must be renewed
The government estimates a budget deficit of KD14bn in the current fiscal year
Fitch’s latest downgrade brings its ranking of Oman to the same level as that of Moody’s Investors Service and S&P Global Ratings.
Fintech transactions in the kingdom amounted to over $20bn by the end of 2019