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ABU DHABI / WAM The Ministry of Finance, has successfully closed its offering of a US dollar-denominated 10-year $1.50 billion bond, maturing in July 2034. Issued with a yield of 4.857 percent, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London Stock Exchange (LSE) and Nasdaq Dubai. The bond ...

DUBAI / WAM Dubai Chambers has announced details of the agenda for the Dubai Business Forum – China, which will take place in Beijing from August 21 to 22. The first international edition of the Dubai Business Forum coincides with the 40th anniversary of diplomatic ties between the UAE and China. Held under the theme “China, Dubai and Beyond: Igniting ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, issued Executive Council Decision No. 40 of 2024 appointing Ahmed Hassan Saleh Hassan Mahboub as the CEO of the Corporate Administrative Support Services Sector at the Roads and Transport Authority in Dubai (RTA). The decision is ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, met with local dignitaries, heads of government entities, investors and businessmen at his weekly Majlis at the Union House in Dubai. The meeting was held in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler ...

HELSINKI / WAM Investor expectations for the European Central Bank (ECB) to loosen monetary policy twice more this year — and bring borrowing costs to as low as 2.25 percent in 2025 — are fair, according to Governing Council member Olli Rehn. In some of the most explicit remarks from an ECB policymaker on the path for interest rates, the ...

SINGAPORE / WAM Asian stocks stuttered in choppy trade on Wednesday as markets braced for a key US inflation reading, Reuters reported. Meanwhile, the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities. Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term US ...

ABU DHABI/WAM  The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an attractive environment for the financial sector that supports creativity and innovation within a regulatory and supervisory framework. It will also consolidate the financial sector’s competitiveness and support the UAE’s economic growth. The Regulation ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to President Vladimir Putin of the Russian Federation on the victims of the terrorist attacks in Dagestan, wishing the injured a speedy recovery. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a cable of congratulations to His Highness Sheikh Tamim bin Hamad Al Thani, Emir of Qatar, on the 10th anniversary of his assumption of the reins of power. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Nataša Pirc Musar of Slovenia on the occasion of her country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...