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UAE's Majid Al Futtaim picks banks for 10-yr USD green sukuk

May 23, 2023

DUBAI - Emirati retail conglomerate Majid Al Futtaim (MAF) has mandated banks for a possible 10-year benchmark-sized green Islamic bond, an indicative......

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UAE participates in Annual Meeting of Board of Governors of European Bank for Reconstruction and Development

May 19, 2023

SAMARKAND, 18th May, 2023 (WAM) -- The UAE, represented by the Ministry of Finance (MoF), participated in the 2023 Annual Meeting of the Board of......

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UAE bank investments at all-time-high of AED541 billion in February

May 19, 2023

ABU DHABI, 18th May, 2023 (WAM) -- Bank investments in UAE hit AED541 billion by the end of February, the highest level in the country's history,......

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EDB highlights technology focus, expertise at Middle East Banking Innovation Summit

May 18, 2023

DUBAI, 17th May, 2023 (WAM) -- Emirates Development Bank (EDB), the financial engine for UAE economic development and industrial advancement, is......

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UAE Central Bank imposes administrative sanctions on 8 banks

May 17, 2023

The Central Bank of the UAE (CBUAE) on Tuesday said it imposed administrative sanctions on eight banks operating in the UAE. “The administrative......

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FAB Summit explores economic opportunities for net-zero aviation

May 16, 2023

ABU DHABI, 15th May, 2023 (WAM) -- First Abu Dhabi Bank (FAB) is hosting a one-day summit that brings together aviation thought leaders and industry......

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CBUAE's robust policy framework supports financial stability: Mansour bin Zayed

May 11, 2023

ABU DHABI,10th May, 2023 (WAM) – The Central Bank of the UAE (CBUAE)'s robust policy framework provided the foundation to achieve the targeted......

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Bank of Sharjah boosts capital by $218mln to $820mln

May 8, 2023

Bank of Sharjah PJSC, a leading commercial bank in the UAE, will boost its capital by AED800 million ($218 million) to AED3 billion through the issue......

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Sultan bin Ahmed chairs Invest Bank Extraordinary GA meeting

April 28, 2023

SHARJAH, 27th April, 2023 (WAM) – H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Chairman of the Board of Directors of the Invest Bank,......

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Banking sector driving UAE financial markets following positive earnings announcements

April 28, 2023

ABU DHABI, 27th April, 2023 (WAM) -- Driven by robust gains in the banking sector following positive earnings announcements, Abu Dhabi bourse finished......

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