UAE - Mubasher: The banks operating in the UAE have provided AED 1.6 billion facilities to the business and industrial sectors during April 2021, up from March, according to the latest data by the Central Bank of the UAE (CBUAE), the Emirates News …
UAE - Mubasher: Nasdaq Dubai has welcomed the listing of a $600 million Sukuk by Ahli United Bank (AUB), a Kuwaiti financial institution. The Tier 1 Capital Certificates has attracted over $ 1.7 billion in orders, according to a press release on …
UAE - Mubasher: The Central Bank of the UAE (CBUAE) has increased the base rate applicable to the overnight deposit facility (ODF) by five basis points, effective from 17 June 2021. The new base rate set by the central bank is 15 basis points, …
Abu Dhabi – Mubasher: An investor in Abu Dhabi Commercial Bank (ADCB) has exited from its investments in the lender by selling its entire stake in exchange for around AED 1.1 billion ($300 million), Bloomberg reported. The shareholder has offered …
Dubai - Mubasher: Commercial Bank of Dubai (CBD) has partnered with Network International, a provider of digital commerce services in the Middle East and Africa (MEA) region, to offer merchant clients a pre-approved business loan, the Emirates …
Riyadh – Mubasher: The Saudi Central Bank (SAMA) said the digital currency project Aber has succeeded to achieve its main objectives that mainly include understanding, experiencing, and analysing the maturity of the distributed ledger technology …
Dubai – Mubasher: Dubai Islamic Bank (DIB) has sold five-year Sukuk worth $1 billion after receiving over $2.8 billion in orders for the Islamic bonds, Reuters reported. The bank has issued the Sukuk at 110 basis points (bps) over mid-swaps, …
Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …
Cairo – Mubasher: Housing and Development Bank (HD Bank) recorded a consolidated net profit after tax worth EGP 651.06 million during the first quarter (Q1) of 2021, higher by 7.6% than EGP 604.58 million in Q1-20. HD Bank achieved a 7.8% annual …
Riyadh – Mubasher: Watani Iron Steel Company has fully repaid a short-term loan worth SAR 40 million from Saudi British Bank (SABB)- Alawwal Bank, according to a bourse filing on Tuesday. Repaying the credit facility will contribute to reducing …
UAE – Mubasher: The Abu Dhabi Securities Exchange (ADX) has listed EUR 1 billion worth of bonds issued by Emirates Telecommunications Group Company (Etisalat) through two equal tranches maturing in 2028 and 2033, respectively. The bonds were more …
Dubai – Mubasher: Shuaa Capital announced that its subsidiary, Stanford Marine Group, has secured $45 million (AED 165 million) financing from the National Bank of Fujairah (NBF). The National Bank of Fujairah will be providing the finances …
Dubai – Mubasher: Dubai Islamic Bank (DIB) has reportedly hired seven banks to manage a US-dollar-denominated five-year Sukuk offering, Reuters reported. The size of the offering is expected to be no less than $500 million. Alongside DIB, Arab …
Cairo – Mubasher: The Central Bank of Egypt (CBE) is offering on Monday additional treasury bonds (T-bonds) worth EGP 16.5 billion in total over three tranches, according to official data. The first set of notes amounts to EGP 5 billion and holds …
Cairo – Mubasher: The Egyptian Minister of International Cooperation, Rania El-Mashat, met with the European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso to discuss cooperation within Egypt’s priorities and the …
Cairo – Mubasher: Banque Misr signed on Sunday the contract for the Tamkeen microfinance project with a total value of EGP 500 million from the Enterprise Development Agency. The contract was signed in the presence of the Egyptian Minister of …
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has renewed a Sharia-compliant banking facility agreement with Banque Saudi Fransi on Sunday, according to a bourse filing to Tadawul. MIS will receive a loan worth SAR 332.45 million …
Cairo – Mubasher: The Central Bank of Egypt (CBE) is offering new treasury bills (T-bills) at a total value of EGP 18.5 billion over two tranches on Sunday, according to official figures. The first issue stands at EGP 10.5 billion in value, …
UAE - Mubasher: The Central Bank of the UAE (CBUAE) has inked a Memorandum of Understanding (MoU) with the Central Bank of Egypt (CBE) to promote supervisory cooperation and facilitate financial stability mandates. Under the MoU, the two central …
Cairo – Mubasher: The Egyptian Customs Authority collected EGP 3.253 billion in customs duties, taxes, and charges at Port Said Customs during May. The total value of taxes and customs duties collected for imported goods at Port Said amounted to …
Riyadh – Mubasher: Alinma Bank announced that investors can subscribe to the additional Tier 1 SAR-denominated Sukuk offering as of 10 June and until 8 July, according to a disclosure to Tadawul on Thursday. The bank said the minimum subscription …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 17.5 billion on Thursday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 182-day notes worth EGP 10.5 …
UAE - Mubasher: Emirates Development Bank (EDB), wholly owned by the UAE federal government, has successfully closed its $750 million five-year bond issuance. The issuance, priced at a fixed re-offer yield of 1.639% per annum in the Regulation S …
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) has raised the value of the credit facilities obtained from the Saudi British Bank (SABB) to SAR 412.95 million. Based on the contract signed between the two parties in 2019, SACO has raised …
Riyadh – Mubasher: Alinma Bank plans to issue SAR-denominated additional Tier 1 Sukuk. The bank will later announce the number and value of the Sukuk issue, according to a bourse filing on Wednesday. Alinma Bank aims to strengthen its capital base …
