The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023
business4 days ago
The National Bank of Ras Al Khaimah has started taking bids for its inaugural 5-year social bonds sale, an arranging bank document reviewed by Reuters showed on Thursday.
The initial price guidance for the debt sale has been set at around 170 basis points over U.S. Treasuries, the document said.
The lender plans to sell benchmark-sized, US dollar-denominated, senior unsecured inaugural social bonds under the bank's $2 billion EMTN Programme.
Proceeds from the debt sale, which is expected to be priced later in the day, will be applied to finance or invest in Eligible Social Projects, the document added.
The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023
business4 days ago
Companies had select sellers which hurt smaller players, reports find
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The CBUAE explained that banks' capital and reserves do not include subordinated borrowings/deposits, but do include the current year's profits
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Common queries highlight a broader need for clarity and understanding
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Northern emirate has announced several investor-friendly measures
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Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
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Payouts jumped to a record $606.1 billion in the second quarter
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