First Abu Dhabi Bank gives initial guidance for $750mn debt sale The UAE’s First Abu Dhabi Bank has given initial price guidance for the sale of $750 million Tier 2 Capital... Published 09 Jul, 2024 01:20pm
Markets Dubai leads most Gulf markets higher Stock markets in the Gulf were up on Wednesday in early trade amid rising oil prices and robust corporate earnings,... Published 24 Jan, 2024 03:05pm
Markets UAE shares edge up on steady oil, Israel and Hamas truce Stock markets in the United Arab Emirates rebounded from previous losses to close slightly up on Friday, supported... Published 24 Nov, 2023 05:23pm
Markets Gulf markets drop on falling oil prices DYBAI: Major stock markets in the Gulf closed lower on Wednesday amid falling oil prices, as investors remained... Published 23 Nov, 2023 03:19am
Markets First Abu Dhabi Bank to raise at least $750mn in dollar bonds The United Arab Emirates’ largest lender, First Abu Dhabi Bank, is set to raise at least $750 million in Tier-2... Published 26 Sep, 2023 04:47pm
Markets Most Gulf markets gain on oil, corporate earnings Most major stock markets in the Gulf rose in early trade on Tuesday in response to higher oil prices and strong... Published 25 Jul, 2023 01:50pm
Markets Abu Dhabi stocks close lower as lender FAB drags Abu Dhabi’s benchmark stock index closed lower on Friday, dragged down by First Abu Dhabi Bank after the United Arab... Published 06 Jan, 2023 06:25pm
Business & Finance First Abu Dhabi Bank says it had considered offer for StanChart DUBAI/LONDON: First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Thursday it had... Published 06 Jan, 2023 05:58am
Markets Major Gulf markets track Asian shares, oil prices lower Major stock markets in the Gulf fell on Monday, with the Qatari index leading the drop, as investors tracked... Published 28 Nov, 2022 02:02pm
Markets Dubai bourse falls to extend weekly losses, Abu Dhabi dips Stock markets in the United Arab Emirates ended lower on Friday, with the Dubai index posting its second weekly loss... Published 25 Nov, 2022 07:41pm
World Dubai Islamic Bank sells $750mn in debut sustainable sukuk DUBAI: Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document... Published 22 Nov, 2022 06:43pm
Markets Most major Gulf bourses slip on falling oil, weak earnings Most major stock markets in the Gulf fell in early trade on Wednesday amid lower oil prices and disappointing... Published 26 Oct, 2022 02:35pm
Markets UAE’s top bank FAB third-quarter profit down 24% DUBAI: First Abu Dhabi Bank (FAB) , the United Arab Emirates’ biggest lender, said on Wednesday its third quarter... Published 26 Oct, 2022 11:17am
Markets Abu Dhabi index down DUBAI: Major Gulf bourses fell on Thursday and Abu Dhabi’s share index slipped more than 1%, after First Abu Dhabi... Published 15 Apr, 2022 05:29am
Markets First Abu Dhabi Bank takes orders for $500 million sukuk DUBAI: First Abu Dhabi Bank, the United Arab Emirates' largest lender, is expected to sell $500 million in Islamic... Published 23 Feb, 2022 12:33pm
Markets First Abu Dhabi bank in talks to buy EFG Hermes DUBAI: First Abu Dhabi Bank, the UAE's biggest lender, is in talks to buy Egyptian bank EFG Hermes, which has a... Published 09 Feb, 2022 01:25pm
Markets Major Gulf bourses end mixed in trade; Dubai index ends up 0.8pc DUBAI: Stock markets in the Middle East ended mixed on Tuesday, with a retreat in oil prices weighing on ... Published 09 Feb, 2022 05:46am
Markets Dubai Islamic Bank gives initial price guidance for dollar sukuk DUBAI: Dubai Islamic Bank, the United Arab Emirates' largest Islamic lender, gave initial price guidance of around... Published 08 Feb, 2022 11:17am
Business & Finance UAE largest bank makes record profit in 2021 ABU DHABI: The UAE’s largest bank, First Abu Dhabi Bank, announced Thursday it scooped record annual net profit of... Published 31 Jan, 2022 07:10am
Markets Abu Dhabi leads most Gulf markets higher DUBAI: Most stock markets in the Gulf ended higher on Wednesday, supported by strong oil prices, with the Abu Dhabi... Published 20 Jan, 2022 04:21am
Markets Abu Dhabi bourse shrugs off attack, Saudi at 15-year high DUBAI: Abu Dhabi’s stock market rebounded on Tuesday, a day after the emirate witnessed a deadly attack, while the... Published 19 Jan, 2022 06:15am
Markets Most Gulf bourses at record high; Abu Dhabi outperforms DUBAI: Most stock markets in the Gulf ended higher on Monday, with the Abu Dhabi index hitting an all-time high,... Published 09 Nov, 2021 04:48am
Business & Finance UAE to start marketing first federal dollar bond this week DUBAI: The United Arab Emirates government is expected to begin marketing its first bond as a federation as soon as... Published 04 Oct, 2021 05:56am
Markets Major Gulf bourses mixed in early trade Major stock markets in the Gulf traded mixed early on Sunday, with the Saudi index on course to end five sessions of... Published 03 Oct, 2021 02:14pm
Markets Abu Dhabi leads major Gulf bourses higher; Egypt falls DUBAI: Major stock markets in the Gulf reversed early losses to close higher on Thursday, with the Abu Dhabi index... Published 17 Sep, 2021 03:52am
Business & Finance Abu Dhabi expected to raise $3bn via bonds DUBAI: Abu Dhabi is expected to raise $3 billion in a bond sale on Wednesday, its second of the year for which it... Published 09 Sep, 2021 03:56am
Business & Finance Dubai developer Limitless set to agree third debt restructuring deal DUBAI: Dubai state-owned property developer Limitless is set to reach an agreement with creditors over some $760... Published 30 Aug, 2021 06:33am
Markets Most Gulf bourses gain, Saudi Aramco's Q2 profit soars Dubai's main share index dropped 0.3%, hit by a 0.4% fall in Emirates NBD Bank and a 0.2% decrease in Sharia-compliant lender Dubai Islamic Bank Published 08 Aug, 2021 01:50pm
Markets UAE's top banks post strong Q2 net profit amid recovery from pandemic FAB's net impairment charges fell 36% to 677 million dirhams while Emirates NBD's almost halved to 851 million dirhams Published 28 Jul, 2021 11:49am
Markets Dubai's Emaar expected to raise $500 million via Islamic bonds The issuance size will not be greater than $500 million, the document said. Published 29 Jun, 2021 10:36am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points