UAE proposes schedule for first local currency T-bonds: Finance ministry
The United Arab Emirates will soon sell Treasury bonds denominated in local currency for the first time, seeking to raise 9 billion dirhams ($2.45 ...
Emirates NBD’s profit jumps, says ready for higher rates
Emirates NBD’s annual profit rose 34 percent as an improving economy boosted investment banking income, Dubai’s biggest lender said on Wednesday, ...
Dubai’s Emirates NBD Q3 net profit surges as retail finance demand surges
Dubai’s biggest lender, Emirates NBD, posted a jump of 61 percent in third-quarter earnings, beating forecasts, as impairment charges slumped on a ...
Dubai’s Emaar hires Emirates NBD for sale of e-commerce business Namshi: Sources
Dubai’s Emaar has picked Emirates NBD to advise it on the sale of fashion e-commerce business Namshi, sources said.Emaar Malls, the retail arm of ...
Profits of top two UAE banks drop amid coronavirus pandemic
The United Arab Emirates’ top two banks reported drops in profit last year as they make huge provisions to counter the impact of the coronavirus ...
Dubai’s Emirates NBD sells $750 mln bonds
Dubai’s biggest bank, Emirates NBD, sold five-year bonds worth $750 million on Wednesday, in the first public debt issuance from the Gulf region this ...