Shariah-compliant stablecoin PUSD to be deployed at ADI Chain
PUSD holds approximately USD 2.3 billion in circulating supply. Each token is backed 1:1 by reserves held in Saudi riyals and UAE dirhams...
Tag : First Abu Dhabi Bank
Bahrain raises USD 1 billion in 10-year USD bond as it fights geopolitical headwinds
The sovereign priced the Bahrain's issue at a yield of 7.125%, tightening from initial price thoughts (IPTs) in the 7.50% area...
UAE retail giant Lulu sets IPO price range amid Vietnam expansion prospects
Lulu, as of October 2024, has an extensive supermarket chain network in over 23 countries, including the Middle East, Asia, and Europe...
Business Leader of the Week: Meet Hana Al Rostamani, FAB boss & UAE’s banking biggie
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...
UAE to see a V-shaped recovery this year: FAB
Rebound in tourism and oil prices are likely to lead the recovery...
Egypt signs $2 bn loan with regional and international banks
Emirates NBD Capital and First Abu Dhabi Bank are the joint coordinators and lead managers of the deal...
FAB stalls talks to acquire Bank Audi Egypt over uncertainity
Mergers and acquisitions in the Middle East are expected to grow after the negative effects of the pandemic settles...
10 banks commit $9 bn in loans as a part of DP World debt deal
The group of 10 banks includes Credit Agricole, Emirates NBD, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered...
Dubai Islamic Bank to increase foreign ownership limit from 25% to 40%
The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes...
First Abu Dhabi Bank sells sterling-denominated bonds worth $584 mn
FAB’s issuance becomes the Middle East’s largest sterling-denominated bond in ten years...