Tag: Finance
Dubai closes $2bn Bond and Sukuk Issue to improve liquidity
The Dubai Government's Department of Finance (DOF) has successfully completed a $2 billion Bond and Sukuk issue.
The Department of Finance stated that the issuance...
Abu Dhabi closes $5bn multi-tranche bond for medium-term investments
The Abu Dhabi government has successfully completed a $5 billion multi-tranche bond offering.
The issuance comprises three tranches: a $2 billion 3-year tranche, a $1.5...
Emirates NBD to help DMCC ventures with deferred payment offer
The Dubai Multi Commodities Center (DMCC) has agreed with the Emirates NBD, one of the largest banking groups in the Middle East to allow...
MasterCard to help Delivery Hero digitize its payment system
Multinational online food-delivery service, Delivery Hero, has chosen MasterCard to digitize its payment system across all brands in the MENA region.
The project is spread...
New $500m Islamic fund offered by Abu Dhabi’s Waha Capital
Abu Dhabi-based investment company, Waha Capital has launched has new income-focused Islamic fund, adding to its three existing funds within its asset management business.
The...
Nasdaq Dubai eyes Chinese IPOs with a strategic partnership
Dubai-based stock exchange, Nasdaq Dubai has entered into a strategic cooperation agreement with Hong Kong-based Zhongtai Financial International and Beijing Tian Tai Law Firm...
Cryptocurrency-backed loan offered by Russian Bank
Moscow-based Russian commercial bank Expobank has created history by providing the region's first loan which has cryptocurrency tokens as its collateral.
The loan, backed by...
UAE Apex Bank promotes recovery with new revisions to banking ratios
The Central Bank of the UAE (CBUAE) has decided on reviewing two significant operational ratios for banks operating in UAE to encourage the implementation...
