Tag: Finance
Saudi Arabia’s Amlak International proceeds with IPO plans on Tadawul
Saudi Arabian non-bank real estate finance company, Amlak International for Real Estate Finance has expressed its interest to proceed with an initial public offering...
China permits American Express to operate through a Joint Venture
China’s central bank, The People’s Bank of China (PBOC) has provided final permission to a network clearing license for an American Express (AMEX) JV...
Abraaj Group’s official Arif Naqvi stole $385 Million from the firm
Reports suggest that Liquidators managing Dubai-based private equity firm, Abraaj Group's bankruptcy have come to an estimation that Chief Executive Officer Arif Naqvi's alleged...
Emirates NBD Bank squashes recent reports of a Bank of America...
Following a press clipping suggesting that the US-based Bank of America (BofA) had acquired a 1.5 percent stake in Emirates NBD recently, the bank...
85% of UAE adults are covered by financial inclusion; CBUAE Survey
A recent survey conducted by the Central Bank of the UAE (CBUAE) across the seven Emirates in the UAE has revealed that 85 percent...
Dubai Islamic Bank secures $1 billion from its highly-valued Sukuk issue
Dubai Islamic Bank (DIB) has successfully secured a $1 billion extended 5-year Sukuk with a profit rate of 2.95% per annum, which is comparable...
Emirates NBD fetches investment worth $245 million from Bank of America
North Carolina based Bank of America has acquired 1.51% in Emirates NBD, Dubai’s largest bank.
Sources suggest that the purchase is likely done through market...
Abu Dhabi Global Market wins international accolades
The Financial Regulatory Authority (FSRA) and the Policy and Legal team of Abu Dhabi Global Market, ADGM, have won two prestigious awards at the...
