Market Updates: Top Shares of 2022 Fear of the Stock Market is Causing Many to Miss Opportunities  AHOY reveals investment round of USD $20M in Keynote Worldwide coronavirus cases cross 275.18 million Self-driving taxis 'TXAI' to transport passengers on Yas Island Kuwait reports 75 new COVID-19 cases Worldwide coronavirus cases cross 273.85 million 17,624 doses of COVID-19 vaccine administered during past 24 hours: MoHAP
Business Middle East - Mebusiness

Banks

CBUAE, DIEDC join forces to strengthen Islamic banking sector

The Central Bank of the UAE, CBUAE, today signed a Memorandum of Understanding with the Dubai Islamic Economy Development Centre, DIEDC, to reinforce and expand the reach of the Islamic banking sector, and to advance

ADCB, Visa transform merchant smartphones into payment terminals

Abu Dhabi Commercial Bank, ADCB, is launching UAE’s first virtual Point of Sale, POS, payment terminal, in partnership with Visa, the world’s leader in digital payments. ADCB PACE PAY facilitates card payments

FAB issues largest Chinese Yuan denominated dual-listed Formosa bond globally

First Abu Dhabi Bank, FAB, recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25bn five-year issuance. Despite the GCC-wide public holiday,

FAB issues largest Chinese Yuan dual listed Formosa bonds from MENA region

First Abu Dhabi Bank, FAB, has announced the issuance of the largest Chinese Yuan, CNH, dual listed Formosa bonds from the MENA region, with a CNH 1.4 billion five-year issuance. Despite the challenging market backdrop,

Nasdaq Dubai welcomes listing of US$1 billion Sukuk by Dubai Islamic Bank

Nasdaq Dubai, the region’s international financial exchange, announced it has welcomed the listing today of a US$1 billion Sukuk by Dubai Islamic Bank, DIB, the largest Islamic bank in the UAE. In a statement,