The bonds are likely to be offered as soon as this week
The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office
Second-quarter net profit for UAE-based top banks jumps 21 per cent
First Abu Dhabi Bank increased impairments to Dhs1.06bn ($289m) from Dhs467m a year ago
In this year’s Forbes list of the Middle East’s Top 100 Companies 2020, Saudi Arabia led the pack with 33 entries
Amanat said earlier this year it expects the region’s health industry to expand at a compound annual growth rate of 6.7 per cent by 2022
Meanwhile, the value of total assets of the UAE’s largest bank rose 14 per cent to Dhs835bn
Almost 4.8 million shares which belonged to Shetty were held in a nominee account in Falcon Private Bank which were then transferred to First Abu Dhabi Bank on February 5
On Friday, oil prices plunged the most since 2008 on signs of a breakdown in the global OPEC+ alliance that helped underpin crude’s recovery since 2014
The UAE’s biggest listed banks ranked by total asset size
The biggest listed companies in the Gulf region by market capitalisation
The biggest listed companies in the UAE by market capitalisation
The country’s biggest listed banks, as ranked by total asset size