Company Insights Nasdaq Dubai Markets Nasdaq Dubai News Transport Orascom wins deals as Egypt steps up transport ambitions Orascom Construction has signed new contracts to work on two major transport projects in Egypt. The National Authority for Tunnels has hired the Cairo-based builder to carry out all civil works for a package of the Greater Cairo Metro Line 4 expansion. Orascom said in a filing to Nasdaq Dubai – where its share price […] November 7, 2023 Trade UAE non-oil trade with BRI nations hits $305bn Non-oil trade between the UAE and Belt and Road Initiative (BRI) countries reached $305 billion in the first half of 2023, growing more than 13 percent year on year, according to economy minister Abdulla bin Touq Al-Marri. Trading with BRI nations accounted for 90 percent of the UAE’s non-oil trade during the period, the UAE […] October 24, 2023 Markets Belt and Road green bonds listed in Dubai by Chinese bank Bank of China has issued the first green bonds focused on Belt and Road Initiative projects in the Middle East, listing them on Nasdaq Dubai. The $770 million listing by one of China’s largest state-owned banks raises the total value of debt listed on Nasdaq Dubai to nearly $120 billion. The green notes have simultaneously […] October 16, 2023 Video length: 05:10 VIDEO Finance Explained: Green bonds and how they work The aggregate listing value of green bonds and sukuks on Nasdaq Dubai stands at around $24 billion, according to Christian Kunz, DIFC’s chief strategy, innovation and ventures officer. Regional conglomerates, as well as global companies, have recently used the exchange to raise funds to finance their green projects. Retail giant Majid Al Futtaim raised $500 […] October 6, 2023 Leisure & Hospitality Dubai hotelier’s $350m green bond to fund Ibiza expansion Hospitality group Five Holdings has listed a $350 million green bond on Dubai’s Nasdaq. A spokesperson for Five told AGBI the company would use the proceeds of the bond to fund its acquisition of Ibiza’s Universo Pacha, which owns the famous Pacha nightclub, as well as Destino Hotel and El Hotel Pacha on the Spanish […] October 5, 2023 Analysis Trade Southeast Asia on the rise as UAE shifts trade focus Officials from the UAE are headed to Singapore as the country looks to improve ties and strengthen trade with Southeast Asia. Top officials from the Dubai Financial Market (DFM) stock exchange will arrive in Singapore on Wednesday to hold their first international investor roadshow there. The debut aims to underline DFM’s commitment to broaden its […] September 27, 2023 Banking and Finance UAE’s $1.5bn bond issue oversubscribed five-fold The order book for the UAE government’s US dollar-denominated $1.5 billion bond issue exceeded $7.4 billion, representing strong demand from domestic, regional and international investors, the finance ministry said in a statement. The 10-year bond, maturing on September 2033, was issued with a yield of 4.91 percent. This represented a spread of 60 basis points […] September 19, 2023 Banking and Finance Saudi behind increase in foreign currency sukuk deals Saudi Arabia is driving a surge in foreign currency denominated sukuk deals in the Gulf, with analysts revising up their predictions for 2023. S&P Global is forecasting total global sukuk issuances of between $160 billion and $170 billion for 2023, up from their initial estimate of $150 billion. This increase is due in large part […] July 20, 2023 Banking and Finance UAE’s first dirham T-sukuk gets bids worth $2.3bn The UAE’s first AED1.1 billion ($299.6 million) dirham-denominated Islamic treasury sukuk (T-sukuk) was oversubscribed 7.6 times, getting bids worth AED8.3 billion ($2.26 billion). The strong demand was witnessed across both tranches, with a final allocation of AED 550 million for the two-year tranche, and AED 550 million for the three-year tranche, the ministry of finance […] May 11, 2023 Banking and Finance Buoyant 2022 for Emirates REIT manager Equitativa Net profit at real estate fund manager Equitativa grew by 30 percent year on year to $82 million (AED301 million) in 2022 and occupancy levels across its portfolio rose 13 percentage points to 85 percent, as it benefited from the “extremely strong” Dubai commercial property market. Equitativa is the manager of Nasdaq Dubai-listed Emirates REIT, […] April 6, 2023 Posts navigation Previous 1 2 3 4 Next
Transport Orascom wins deals as Egypt steps up transport ambitions Orascom Construction has signed new contracts to work on two major transport projects in Egypt. The National Authority for Tunnels has hired the Cairo-based builder to carry out all civil works for a package of the Greater Cairo Metro Line 4 expansion. Orascom said in a filing to Nasdaq Dubai – where its share price […] November 7, 2023
Trade UAE non-oil trade with BRI nations hits $305bn Non-oil trade between the UAE and Belt and Road Initiative (BRI) countries reached $305 billion in the first half of 2023, growing more than 13 percent year on year, according to economy minister Abdulla bin Touq Al-Marri. Trading with BRI nations accounted for 90 percent of the UAE’s non-oil trade during the period, the UAE […] October 24, 2023
Markets Belt and Road green bonds listed in Dubai by Chinese bank Bank of China has issued the first green bonds focused on Belt and Road Initiative projects in the Middle East, listing them on Nasdaq Dubai. The $770 million listing by one of China’s largest state-owned banks raises the total value of debt listed on Nasdaq Dubai to nearly $120 billion. The green notes have simultaneously […] October 16, 2023
Video length: 05:10 VIDEO Finance Explained: Green bonds and how they work The aggregate listing value of green bonds and sukuks on Nasdaq Dubai stands at around $24 billion, according to Christian Kunz, DIFC’s chief strategy, innovation and ventures officer. Regional conglomerates, as well as global companies, have recently used the exchange to raise funds to finance their green projects. Retail giant Majid Al Futtaim raised $500 […] October 6, 2023
Leisure & Hospitality Dubai hotelier’s $350m green bond to fund Ibiza expansion Hospitality group Five Holdings has listed a $350 million green bond on Dubai’s Nasdaq. A spokesperson for Five told AGBI the company would use the proceeds of the bond to fund its acquisition of Ibiza’s Universo Pacha, which owns the famous Pacha nightclub, as well as Destino Hotel and El Hotel Pacha on the Spanish […] October 5, 2023
Analysis Trade Southeast Asia on the rise as UAE shifts trade focus Officials from the UAE are headed to Singapore as the country looks to improve ties and strengthen trade with Southeast Asia. Top officials from the Dubai Financial Market (DFM) stock exchange will arrive in Singapore on Wednesday to hold their first international investor roadshow there. The debut aims to underline DFM’s commitment to broaden its […] September 27, 2023
Banking and Finance UAE’s $1.5bn bond issue oversubscribed five-fold The order book for the UAE government’s US dollar-denominated $1.5 billion bond issue exceeded $7.4 billion, representing strong demand from domestic, regional and international investors, the finance ministry said in a statement. The 10-year bond, maturing on September 2033, was issued with a yield of 4.91 percent. This represented a spread of 60 basis points […] September 19, 2023
Banking and Finance Saudi behind increase in foreign currency sukuk deals Saudi Arabia is driving a surge in foreign currency denominated sukuk deals in the Gulf, with analysts revising up their predictions for 2023. S&P Global is forecasting total global sukuk issuances of between $160 billion and $170 billion for 2023, up from their initial estimate of $150 billion. This increase is due in large part […] July 20, 2023
Banking and Finance UAE’s first dirham T-sukuk gets bids worth $2.3bn The UAE’s first AED1.1 billion ($299.6 million) dirham-denominated Islamic treasury sukuk (T-sukuk) was oversubscribed 7.6 times, getting bids worth AED8.3 billion ($2.26 billion). The strong demand was witnessed across both tranches, with a final allocation of AED 550 million for the two-year tranche, and AED 550 million for the three-year tranche, the ministry of finance […] May 11, 2023
Banking and Finance Buoyant 2022 for Emirates REIT manager Equitativa Net profit at real estate fund manager Equitativa grew by 30 percent year on year to $82 million (AED301 million) in 2022 and occupancy levels across its portfolio rose 13 percentage points to 85 percent, as it benefited from the “extremely strong” Dubai commercial property market. Equitativa is the manager of Nasdaq Dubai-listed Emirates REIT, […] April 6, 2023
