Business - TRENDS MENA

48% of the bond went to central banks and official institutions.
The issue achieved wide primary market distribution with 49 percent placed in Europe, Middle East, and Africa.
The bank plans to raise about $28 billion–$30 billion from the capital markets in 2023.
Dubai, UAE - Dubai International Financial Centre (DIFC), the leading financial centre in the Middle East, Africa and South Asia...
The partnership will provide FinTech companies with access to Mastercard's network and DIFC's financial ecosystem
The collaboration will focus on creating new payment solutions and digital services, as well as enhancing existing ones
The warning from the boss of the financial giant follows the dollar having already dropped 10 percent from its peak...
The warning from the boss of the financial giant follows the dollar having already dropped 10 percent from its peak hit last year
He warns that there is a transition underway from a bull to a bear cycle for the dollar and that this will impact the global investment environment
Net financing and sukuk investments stood at $65.35bn.
DIB's total income rose to AED 4.431 billion ($1.21bn) compared to AED 3.016 billion ($820m), a solid expansion of 47 percent YoY.
Net operating revenues showed a robust 12 percent YoY to reach $750 million, while net operating profit stood at $550 million.
HSBC's largest stakeholder Ping An says the split will improve business.
HSBC argued this was the best and safest way to continue to deliver substantially more value for shareholders.
The banking giant called on shareholders to vote against the proposal at the bank's annual general meeting on May 5.
Dubai, UAE -- The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) Wednesday announced a new $100...
DCT said the fund will support building and establishing a Culinary School to aid with recruitment, training, and other staffing resources in the sector.
The first two recipients of the new Abu Dhabi Culinary Investment Fund would be announced in the coming months.
Firms will work together on nuclear, renewable energy.
The two firms seek to address global challenges by adopting innovative solutions in health sciences and nuclear and clean energy.
The MoU comes as part of the UAE’s Year of Sustainability in preparation for the country's hosting of COP 28 to promote environmental sustainability.
The repurchase will be made through open market transactions.
To date, DAE has repurchased approximately $1.13 billion of principal amount of its publicly traded bonds under the previous authorizations of $1.2 billion.
The airplane lessor currently has approximately $3.5 billion of publicly traded bonds outstanding in the capital markets.
Dubai, UAE – Dubai's real estate market recorded real estate transactions worth AED1.9 billion ($517 million) on Wednesday, Dubai Land...
Wednesday's sales included 474 villas and apartments worth AED1.13 billion, and 31 land plots worth AED445.47 million.
On Tuesday, the emirate recorded deals worth AED1.2 billion ($326 million) , including 433 sales transactions worth AED820.06 million
FRANKFURT, GERMANY - More eurozone interest rate increases will be appropriate to tame high inflation if conditions remain as expected, the...
The ECB has hiked rates by 3.5 percentage points since July last year in an unprecedented campaign of monetary tightening.
The central bank holds its next meeting on May 4 and all eyes are on whether policymakers will implement another hike and by how much.