The new facilities will give the group the flexibility to time its return to the debt capital markets in line with its stated strategy to utilise bonds as the predominant long-term funding vehicle
In its Q2 2024 financial results, ADCB reported significant growth driven by increased net interest and non-interest income
The notice was issued following approval from the Central Bank of UAE’s board of directors, with the measures coming into effect from July 1
According to its annual report, Abu Dhabi Fund for Development’s investments benefitted 104 nations last year
The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development
Emirates Development Bank’s financing contributed Dhs3.5bn to the UAE’s non-oil GDP and helped create more than 12,000 industrial jobs
The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils
The lender posted an operating profit of Dhs932.5m for the first nine months of the year, marking a 25.1 per cent rise compared to the previous year
Total income increased 3 per cent year-on-year to Dhs6.4bn
Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase
A poll of more than 6,300 people globally found that 20 per cent have already taken out buy-now, pay-later loans
The programme is run by the Abu Dhabi Housing Authority
GDP growth in the GCC countries will slowly recover from last year’s sharp recession
Its total assets reached Dhs39.1bn compared to Dhs39.9bn at 2020 year-end and Dhs43.3bn as at March 31, 2020
Banks and financial institutions must opt for online credit process with automated elements – offered by companies such as Comarch – to ensure they meet the current market needs
Total income for the first nine months of 2020 amounted to Dhs18.27bn
The funding will be in addition to the financial aid which has been pledged by the government