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THIS MORNING: Fuel prices slashed for January + Minimum wage hiked for Emiratis
Plus: Major banks begin phasing out OTP texts
FAB participates in Hong Kong’s RMB Business Facility + joins open finance framework
PLUS: Beltone folds Chimera regional assets into its balance sheet in USD 1 acquisition
FAB participates in Hong Kong’s RMB Business Facility + joins open finance framework
PLUS: Beltone folds Chimera regional assets into its balance sheet in USD 1 acquisition
Banks in the UAE had a good year
The country’s top 10 banks’ aggregate bottom line rose 4.3% q-o-q to AED 23.6 bn
UAE banks export capital
The Abu Dhabi lenders are targeting infrastructure and energy abroad, with FAB backing Nigeria’s Lagos-Calabar highway and ADCB lending to…
UAB lands AED 1 bn in fresh funding
Drawdowns will be used to meet the bank’s general corporate needs
THIS MORNING: Open finance enters go-live phase + President to land in Pakistan tomorrow for trade, investment talks
Plus: Galvanized wire from the UAE will face anti-dumping duties in Morocco
Mashreq returns to syndicated loan market after 11 years with USD 2 bn syndicated loan
The facility was 3x oversubscribed
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