Emirates NBD launches Application Programming Interface (API) developer portal

Dubai’s Emirates NBD launches API developer portal to drive innovation

The portal grants developers access to a suite of Emirates NBD APIs across six key categories

Gold flat ahead of inflation with more big rate hikes looming

Bullion has mainly fluctuated between $1,700 an ounce and $1,720 in September after several months of declines

Saudi Arabia's $1.12 billion in development financing

Islamic Development Bank approves $1.12bn in development financing for nine member countries

The bank approved a $1.79m grant for projects in key sectors such as food security, health, transport, energy, urban development, education, water and sanitation

Gold

Gold edges up as expectations firm for super-sized rate hike

Elevated yields tend to weigh on non-interest bearing bullion

ADCB green bond

ADCB prices $500m Reg S green bond to support financing of low-carbon initiatives

The bank has adopted a ‘Green Bond Framework’ to provide a long-term platform to support further mobilisation of capital for green projects

Bitcoin mining revenue gauge declines to the lowest in two years

The largest cryptocurrency by market value has dropped almost 60 per cent this year to around $19,000

Emirates-NBD Securities launches onboarding platform

Emirates NBD Securities launches end-to-end digital onboarding platform

The improved onboarding process also provides access to other regional exchanges, advanced trading platforms and mobile app

Dubai’s DIFC records 11% increase in new company registrations in H1 2022

A total of 537 new companies joined the centre in the first half of the year

Porsche

Porsche IPO moves ahead as parent VW looks to defy downturn

The move will direct funds to Europe’s biggest carmaker to foot the staggering cost of electrification and software development

Crypto market cap sinks below $1tn, Bitcoin near 2022 low

The largest digital token has shed more than 6 per cent so far this week

islamic finance_ sukuks Getty images

Global sukuk issuance to hit $185bn in 2022, projected to reach $257bn by 2027, reveals study

Global sukuk issuance in the first half of 2022 raised $100.9bn, marginally lower than $104.2bn in H1 2021

Gold

Gold steadies as Europe’s energy woes see greenback strengthen

Central banks globally are set to keep raising interest rates to fight inflation, weighing on non-yielding assets like gold

Bitcoin

Bitcoin loses momentum on weekend with support around 2017 high

Bitcoin dropped as much as 0.8 per cent to $19,591 on Sunday and was little changed as of 7.50am in New York

Sharjah Entrepreneurship Foundation 'Ruwad' registered 214 new projects in 2021

Sharjah Entrepreneurship Foundation ‘Ruwad’ registers 214 new projects in 2021

The value of financing approvals during 2021 amounted to more than Dhs2.6m

Stake

Dubai’s property investment platform Stake raises $8m in pre-series A funding

The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold edges higher as greenback wavers amid hawkish rates stance

Bullion ended Monday little changed after tumbling to the lowest level in a month

Virtuzone Binance

UAE’s Virtuzone to accept cryptocurrency payments via Binance Pay

Via this partnership, Virtuzone seeks to advance the use of cryptocurrencies and blockchain technologies in the country

EDB application

Emirates Development Bank to approve loans of up to Dhs5m to SMEs, startups within five days

The lending service will be available for UAE-based SMEs and startups operating in one of EDB’s five priority sectors, which are manufacturing, healthcare, food security, advanced technology and infrastructure

Bitcoin back down to around $20,000 after Jackson Hole caution

Numerous strategists have flagged $20,000 as a key point for Bitcoin

gold

Gold holds drop as Powell says rates likely to stay elevated

Bullion is heading for a fifth monthly decline, the longest such stretch in four years

Gold heads for narrow weekly gain as investors brace for Powell

Spot gold slipped 0.2 per cent to $1,755.35 an ounce as of 9.04am in Singapore, paring the weekly gain to 0.5 per cent

First Abu Dhabi Bank

First Abu Dhabi Bank launches multiple-thematic fund

Investors will be able to access multiple investment themes focused on innovation and long-term growth

Gold

Gold rises as traders await key speech by Powell for rate clues

Higher rates weigh on the non-interest bearing precious metal

Emirates-NBD-Bank joins United for Wildlife financial taskforce

Emirates NBD joins United for Wildlife Financial Taskforce, supports fight against illegal wildlife trade

The bank joins more than 50 global peers who are members of the United for Wildlife Financial Taskforce, which is dedicated to stopping illicit financial flows associated with illegal wildlife trade

Assets of local companies listed in financial markets rise by 10% in H1 2022

Assets of national companies listed on ADX, DFM show 10% rise in H1 2022

The banking sector was the leading contributor, with 17 banks accounting for 69 per cent of total assets

National Bonds launches programee for Emirati women's Day/ Rehab Lootah - DGCEO

National Bonds launches ‘Tejouri Al Emarateyat’ programme to empower Emirati women

National Bonds has designed a mobile app and website to make the programme easy to use and more accessible

Zoom

Zoom slumps as video-conferencing company cuts sales forecast

Fiscal second-quarter sales increased 7.6 per cent to $1.1bn

Bitcoin

Bitcoin nurses losses as momentum gauge flashes price warning

The largest crypto was little changed at $21,330 as of 7.40am in London on Monday

Gold at three-week low as Fed officials reiterate hawkishness

Higher rates weigh on non-interest bearing bullion

UAE investments in H1 2022 rise 169.1% to Dhs1.9bn

UAE investments in Egypt rise 169.1% in first half FY 2022

The value of the trade exchange between Egypt and the UAE increased to about $1.2bn during the first quarter of 2022, an increase of 1.4 per cent over the same period in 2021