Business LeadersFeaturedBusiness Leader of the Week: Meet Hana Al Rostamani, FAB boss & UAE’s banking biggieWebAdminSeptember 8, 2023October 10, 2023 by WebAdminSeptember 8, 2023October 10, 2023 After Hana Al Rostamani's appointment, FAB's net profits ended at USD 3.4 billion by the 2021 end, 19% up from the 2020 tally... Read more
EconomyFeaturedUAE to see a V-shaped recovery this year: FABInternational Finance Business DeskJanuary 20, 2021 by International Finance Business DeskJanuary 20, 2021 Rebound in tourism and oil prices are likely to lead the recovery... Read more
Banking and FinanceFeaturedEgypt signs $2 bn loan with regional and international banksInternational Finance Business DeskSeptember 1, 2020 by International Finance Business DeskSeptember 1, 2020 Emirates NBD Capital and First Abu Dhabi Bank are the joint coordinators and lead managers of the deal... Read more
BankingFeaturedFAB stalls talks to acquire Bank Audi Egypt over uncertainityInternational Finance Business DeskMay 22, 2020May 22, 2020 by International Finance Business DeskMay 22, 2020May 22, 2020 Mergers and acquisitions in the Middle East are expected to grow after the negative effects of the pandemic settles... Read more
FeaturedPorts and Shipping10 banks commit $9 bn in loans as a part of DP World debt dealPritam BordoloiMarch 20, 2020 by Pritam BordoloiMarch 20, 2020 The group of 10 banks includes Credit Agricole, Emirates NBD, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered... Read more
FeaturedIslamic BankingDubai Islamic Bank to increase foreign ownership limit from 25% to 40%Pritam BordoloiFebruary 15, 2020February 14, 2020 by Pritam BordoloiFebruary 15, 2020February 14, 2020 The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes... Read more
FeaturedFinanceFirst Abu Dhabi Bank sells sterling-denominated bonds worth $584 mnInternational FinanceFebruary 13, 2020March 18, 2020 by International FinanceFebruary 13, 2020March 18, 2020 FAB’s issuance becomes the Middle East’s largest sterling-denominated bond in ten years... Read more
EconomyFeaturedUAE economy to grow 2.5% in 2020: IMFInternational FinanceJanuary 24, 2020March 18, 2020 by International FinanceJanuary 24, 2020March 18, 2020 The UAE economy’s projected growth will be driven by the energy sector, World Expo 2020 and bold reforms... Read more
BankingFeaturedDIB becomes world’s largest Islamic bank with Noor Bank acquisitionInternational FinanceJanuary 23, 2020March 18, 2020 by International FinanceJanuary 23, 2020March 18, 2020 DIB will have total assets worth Dh275 billion, making it the fourth largest bank in the UAE... Read more
Real EstateOngoing projects: Azizi to secure Dh700 mn loanInternational Finance DeskOctober 16, 2019December 2, 2019 by International Finance DeskOctober 16, 2019December 2, 2019 The funds will be used for its ongoing projects MBR City and Dubai Healthcare City... Read more