The company intends to use the net proceeds to finance expansion plans and reduce net debt
The bonds range in maturity from three to 30 years and are expected to attract demand from emerging markets and investment-grade buyers
The government of Sharjah promised support late last year after the bank was hit by high levels of bad loans
A media report claimed Dubai Islamic Bank was in talks to buy its smaller rival
The deal values the Spanish company at an enterprise value of $12bn
Government plans to diversify its oil-based economy are expected to boost lending
A wave of consolidation has been sweeping Abu Dhabi in recent times
The UAE currently serves as HSBC’s headquarters for its operations in the MENAT region
The current offer is roughly 20 per cent lower than the $3.2bn agreement reached last year
The minimum VAT amount to reclaim is Dhs2,000
In March, the lender’s CEO said the bank will close 50 per cent of its branches this year
Last month, Dubai-listed Shuaa disclosed it had started talks on a possible merger with the Abu Dhabi Financial Group
Ghosn was arrested in Japan in November for suspected financial misconduct at Renault’s alliance partner Nissan
The stock is expected to begin trading on the London Stock Exchange on April 11
Aramco intends to issue its first U.S. dollar-denominated bonds, expected to be for at least $10bn, in the second quarter
Uber acquired Careem this week in a $3.1bn deal
In recent years, FinTech has cut a swathe through the traditional banking industry. We find out how Emirates NBD offshoot, Liv., moved proactively to lead the way in the nascent digital-only banking market
The kingdom sold $1.62bn in local currency debt, with maturities of 10 and 15 years
Shuaa Capital said on Sunday that it had started discussions on a possible merger with ADFG
The merger with Abu Dhabi Commercial Bank and Union National Bank is expected to created the UAE’s third largest lender
The talks with Abu Dhabi Financial Group are aimed at creating a larger financial listed group
The Central Bank ruled that all banks must have updated Emirates ID records for their customers by February 28
Developer Emaar Properties fell 1.7 per cent while its unit Emaar Malls shed 2.3 per cent
The Dubai lender is the largest issuer of conventional bonds on Nasdaq Dubai
The sale represents Aldar Investments’ second transaction this year
The impact of implementation of a value-added tax last year eased this year
Saudi shares have gained 9.6 per cent so far this year
Saudi shares on Monday joined the FTSE Emerging All Cap Index with a weighting of 2.9 per cent
PIF, which is chaired by Crown Prince Mohammed bin Salman, manages over $250bn in assets
Saudi stocks join the FTSE Emerging All Cap Index this week