Company Insights Emirates NBD Banking & Finance Emirates NBD News Banking & Finance Investcorp Capital to list on Abu Dhabi Securities Exchange Investcorp Capital has revealed plans to offer 643 million ordinary shares in an initial public offering on the Abu Dhabi Securities Exchange. The shares, which represent an estimated 29.34 percent of issued share capital after the IPO, will have a nominal value of $0.50 (AED1.84), according to a statement from the Bahrain-based alternative investment company. […] October 24, 2023 Analysis Banking & Finance Turkey and Egypt can trip up Gulf lenders says analyst Gulf banks are in a resilient position as oil production cuts crimp economic growth, but lenders could face headwinds from macroeconomic volatility in Egypt and Turkey, an S&P Global analyst said this week. In Turkey, Dubai’s Emirates NBD owns Denizbank and Qatar National Bank owns QNB Finansbank, the country’s eighth and ninth largest banks by […] October 12, 2023 Leisure & Hospitality Dubai hotelier’s $350m green bond to fund Ibiza expansion Hospitality group Five Holdings has listed a $350 million green bond on Dubai’s Nasdaq. A spokesperson for Five told AGBI the company would use the proceeds of the bond to fund its acquisition of Ibiza’s Universo Pacha, which owns the famous Pacha nightclub, as well as Destino Hotel and El Hotel Pacha on the Spanish […] October 5, 2023 Finance UAE entities explore green finance prospects An Abu Dhabi sovereign fund and Dubai’s largest listed bank are working on promoting and exploring green finance as part of their commitment to a sustainable future. Emirates NBD Bank, Dubai’s largest lender, intends to raise $750 million from its first five-year green bonds. The spread for the debt sale has been set at 120 […] October 5, 2023 Finance Dubai SMEs turn to banks as VC funding declines Small businesses in Dubai are turning to traditional banks for financing as the global slowdown in venture capital funding continues. Emirates NBD, Dubai’s largest bank by assets, reported that it funded 34 percent more small and medium-sized enterprises (SMEs) over the opening seven months of 2023 compared to the same period last year. Lucy Chow, […] September 18, 2023 Sustainability Cop28 unveils first round of sponsors Mashreq, Emirates NBD, Investcorp and DP World have been announced as among the first round of official sponsors for the Cop28 climate change summit, to be held in Dubai later this year. Sponsors have been selected by the Cop28 Sponsorship Committee, which comprises seven internal Cop28 departments and an independent third party, professional services company […] September 13, 2023 Banking & Finance UAE development bank in $27m SME solar energy drive State-run Emirates Development Bank has launched a solar energy finance programme to support micro, small, and medium enterprises (SMEs) in the UAE to overcome cost barriers. The initiative will allocate AED100 million ($27.22 million) to support the adoption of green energy solutions, focusing on solar energy initiatives, the UAE state-owned Wam news agency reported. The […] September 8, 2023 Banking & Finance Emirates NBD to expand sustainable finance offering Dubai’s largest lender Emirates NBD plans to increase its provision of sustainable finance, including directly issuing green debt and other instruments to support social and environmental aims. The bank previously issued ESG-linked debt instruments via its investment banking arm, EmCap (Emirates NBD Capital), in 2019 for what it claims was the region’s first corporate green […] September 7, 2023 Banking & Finance DP World to hire banks for 10-year debut green sukuk DP World intends to issue its first 10-year US dollar-denominated benchmark-sized green sukuk, as the ports operator expands its global reach. The Dubai-based company held investor meetings on September 4 and 5, Reuters reported, citing a bank document. Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, J.P. Morgan and […] September 5, 2023 Finance Emirates NBD invests in Swiss fintech Emirates NBD, the largest bank by assets in Dubai, has invested in Komgo, a Swiss-based software development and technology company operating in the trade finance industry. The equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture pool. The value was not disclosed. Created earlier this year, the fund is for investments in […] September 4, 2023 Posts navigation Previous 1 … 9 10 11 … 19 Next
Banking & Finance Investcorp Capital to list on Abu Dhabi Securities Exchange Investcorp Capital has revealed plans to offer 643 million ordinary shares in an initial public offering on the Abu Dhabi Securities Exchange. The shares, which represent an estimated 29.34 percent of issued share capital after the IPO, will have a nominal value of $0.50 (AED1.84), according to a statement from the Bahrain-based alternative investment company. […] October 24, 2023
Analysis Banking & Finance Turkey and Egypt can trip up Gulf lenders says analyst Gulf banks are in a resilient position as oil production cuts crimp economic growth, but lenders could face headwinds from macroeconomic volatility in Egypt and Turkey, an S&P Global analyst said this week. In Turkey, Dubai’s Emirates NBD owns Denizbank and Qatar National Bank owns QNB Finansbank, the country’s eighth and ninth largest banks by […] October 12, 2023
Leisure & Hospitality Dubai hotelier’s $350m green bond to fund Ibiza expansion Hospitality group Five Holdings has listed a $350 million green bond on Dubai’s Nasdaq. A spokesperson for Five told AGBI the company would use the proceeds of the bond to fund its acquisition of Ibiza’s Universo Pacha, which owns the famous Pacha nightclub, as well as Destino Hotel and El Hotel Pacha on the Spanish […] October 5, 2023
Finance UAE entities explore green finance prospects An Abu Dhabi sovereign fund and Dubai’s largest listed bank are working on promoting and exploring green finance as part of their commitment to a sustainable future. Emirates NBD Bank, Dubai’s largest lender, intends to raise $750 million from its first five-year green bonds. The spread for the debt sale has been set at 120 […] October 5, 2023
Finance Dubai SMEs turn to banks as VC funding declines Small businesses in Dubai are turning to traditional banks for financing as the global slowdown in venture capital funding continues. Emirates NBD, Dubai’s largest bank by assets, reported that it funded 34 percent more small and medium-sized enterprises (SMEs) over the opening seven months of 2023 compared to the same period last year. Lucy Chow, […] September 18, 2023
Sustainability Cop28 unveils first round of sponsors Mashreq, Emirates NBD, Investcorp and DP World have been announced as among the first round of official sponsors for the Cop28 climate change summit, to be held in Dubai later this year. Sponsors have been selected by the Cop28 Sponsorship Committee, which comprises seven internal Cop28 departments and an independent third party, professional services company […] September 13, 2023
Banking & Finance UAE development bank in $27m SME solar energy drive State-run Emirates Development Bank has launched a solar energy finance programme to support micro, small, and medium enterprises (SMEs) in the UAE to overcome cost barriers. The initiative will allocate AED100 million ($27.22 million) to support the adoption of green energy solutions, focusing on solar energy initiatives, the UAE state-owned Wam news agency reported. The […] September 8, 2023
Banking & Finance Emirates NBD to expand sustainable finance offering Dubai’s largest lender Emirates NBD plans to increase its provision of sustainable finance, including directly issuing green debt and other instruments to support social and environmental aims. The bank previously issued ESG-linked debt instruments via its investment banking arm, EmCap (Emirates NBD Capital), in 2019 for what it claims was the region’s first corporate green […] September 7, 2023
Banking & Finance DP World to hire banks for 10-year debut green sukuk DP World intends to issue its first 10-year US dollar-denominated benchmark-sized green sukuk, as the ports operator expands its global reach. The Dubai-based company held investor meetings on September 4 and 5, Reuters reported, citing a bank document. Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, J.P. Morgan and […] September 5, 2023
Finance Emirates NBD invests in Swiss fintech Emirates NBD, the largest bank by assets in Dubai, has invested in Komgo, a Swiss-based software development and technology company operating in the trade finance industry. The equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture pool. The value was not disclosed. Created earlier this year, the fund is for investments in […] September 4, 2023
