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
The KEXIM loan facilities were refinanced through a competitive market process resulting in the selection of two banks, ADCB and FAB
The offering will help the bank’s clients to seamlessly tap global carbon credit markets to support their net zero ambitions and sustainability goals
The bank allows its customers to digitally create an investor number on the Abu Dhabi bourse and apply for IPO subscriptions
S&P Global Ratings recently upgraded Emaar Properties based on the strong demand seen in the UAE’s real estate sector
The framework complements ADGM’s existing regulation of carbon offsets, facilitating the establishment of the world’s first regulated carbon offsets exchange and clearing house
The tie-up of HDFC Bank and Housing Development Finance Corporation creates a lender that ranks fourth in equity market capitalisation
The banks increased their credit balance by Dhs2.1bn or 0.3 per cent in April 2023, up from Dhs735.2bn a month earlier
Strong capital buffers have supported the UAE financial services sector over the years and banks are re-articulating their value proposition to thrive in the new digital environment
One of the main sources of concern for the Qatari banking system has been the build-up of external debt
The plans to further support its Algerian business to accelerate its growth and capture new pockets of opportunities within the country and the wider region
The digital partnership will work to accelerate growth across the tourism ecosystem
This partnership gives Astra Tech customers access to microfinance options specifically designed for individuals with low and medium incomes through Botim, supported by National Bonds’ Al Manassah Platform
The central bank said banks’ gross credit increased by 0.1 per cent to Dhs1.89tn in April, driven by a 0.4 per cent growth in domestic credit
The collaboration will further enable customers to better manage their spending and make purchases more conveniently both in-store and online
The programme is targetted at farmers, local producers, technology providers, equipment suppliers, and those involved in the agriculture support ecosystem
The financial markets will close for Eid Al Adha holidays as per the guidance by Securities and Commodities Authority
The UAE central bank said Islamic bank’s gross assets increased by 7.31 per cent in Q1 2023, equivalent to Dhs44.3bn
Plug and Play is in talks with Jada to help kick-start the domestic venture capital industry
The inclusion of private joint-stock firms in the local markets helps companies access a large capital base
The financial literacy gap is partly driven by a younger demographic entering the capital market
The alliance aims to offer flexible and cost effective secure authentication solutions for PayTabs merchants, banks and processors
The unsecured loan facility is expected to have a positive impact on the company’s cash flow profile while providing funds to execute growth strategy
The move by the Fed to leave its benchmark rate unchanged suggests that higher borrowing costs have made some progress in slowing inflation
The central bank said savings deposits in the UAE banking sector jumped 4.7 per cent year-on-year compared to Dhs251.3bn in March 2022
The proceeds from debut green bonds will be used to finance projects eligible under CBD’s Sustainable Financing Framework
The toll operator has advised the public to exercise caution and vigilance when being targeted by such offers
The integrated platform will serve both B2C and B2B markets seamlessly, enabling instant instalment options
The foundation founded by George Soros donates money to humanitarian and democratic causes ranging from criminal justice reform to climate change initiatives
Month over month, bank investments jumped 1.3 per cent from Dhs541.4bn in February