Banking & Finance

First Abu Dhabi Bank issues largest Chinese Yuan dual listed Formosa bonds from MENA region

First Abu Dhabi Bank (FAB) issued the largest Chinese Yuan (CNH) dual listed Formosa bonds from the MENA region, with a CNH 1.4 billion...

Etihad Credit Insurance and Bpifrance join hands to enhance trade and economic cooperation

Etihad Credit Insurance (ECI), the UAE Federal Export Credit Company, has signed a Memorandum of Understanding (MoU) with Bpifrance Assurance Export, the French Export...

Commercial Bank of Dubai and Dubai Economy to provide exclusive banking services for DED Trader licence holders

The Business Registration and Licencing (BRL) sector of Dubai Economy and Commercial Bank of Dubai (CBD) have joined hands to provide exclusive banking services...

Dubai Islamic Bank successfully closes landmark USD 1 billion Sukuk

Dubai Islamic Bank successfully closed a USD 1 billion long 5-year Sukuk with a profit rate of 2.95% per annum, which is equivalent to...

AED500 million rights issue will make pharmaceutical manufacturer Julphar feel better

After two years of restructuring, Ras Al Khaimah-based Gulf Pharmaceutical Industries, better known as Julphar, is looking to raise AED500 million (US$136 million) on...

Souqalmal launches UAE’s first ‘Insure Now, Pay Monthly’ service to support residents amid the COVID – 19 crisis

As countries all over the globe continue to grapple with the financial impact of the Covid-19 pandemic, residents in the UAE haven’t been immune...

Natixis appoints new heads of United Kingdom and Middle East for Corporate & Investment Banking

Natixis is pleased to announce two senior appointments within its Corporate & Investment Banking business. Simon Eedle is appointed Senior Country Manager, United Kingdom...

Mashreq Bank and Shams announced partnership to support SMEs in Sharjah

Sharjah Media City (Shams) and Mashreq Bank have announced a strategic partnership to boost entrepreneurship and support business owners in Sharjah. The two entities signed...

Standard Chartered appoints CFO for Africa and Middle East

Standard Chartered has today announced the appointment of Subhradeep Mohanty as Chief Financial Officer (CFO) of the Africa and Middle East (AME) region. Subhradeep...

First Abu Dhabi Bank issued a five-year “Green Bond”

First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions, has successfully issued a landmark...

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