Foreign investors and institutional investors made a strong return to the local stock markets yesterday, resulting in significant gains across the indices. The market capitalization of Abu Dhabi stocks increased by more than AED 20 billion, reaching AED 3.080 trillion, while Dubai’s market capitalization grew by AED 13.51 billion, surpassing AED 1 trillion for the...
The National Bank of Ras Al Khaimah (RAKBANK) has announced a mandate for a $300 million fixed rate resettable unrated USD-denominated Regulation S Perpetual non-call 6-year additional tier 1 capital issuance, contingent upon market conditions. The bank holds ratings of Baa1 (Positive) from Moody’s and BBB+ Stable from Fitch. Several banks have been appointed to...
Dubai, UAE; 25 June 2025: Mashreq, a leading financial institution in the MENA region, has announced the opening of its new representative office in Türkiye. This expansion emphasizes Mashreq’s commitment to supporting Turkish financial institutions and corporations, enhancing its operational presence to a total of 15 countries. As one of the largest correspondent banks in...
BitGo, a prominent digital asset infrastructure provider, has introduced its Crypto-as-a-Service (CaaS) platform in Dubai. This new offering allows financial institutions, FinTech companies, and enterprises to easily integrate cryptocurrency functionality into their existing products. The platform streamlines the process for businesses to provide crypto trading, transfers, and staking services while ensuring high standards of security...
PJT Partners has made a significant strategic move by opening a new office in Riyadh, Saudi Arabia. This expansion enhances its senior team in a region that is increasingly becoming a hub for investment banking. The Middle East is gaining importance for investment banks, driven by a rise in sovereign wealth fund activity, efforts for...
The Ministry of Finance has introduced a new initiative called “UAE Global Cadres” aimed at raising awareness among Emirati professionals and students regarding career opportunities within international financial organizations. This initiative targets Emiratis currently working in the UAE and those enrolled in academic institutions both locally and abroad. The “UAE Global Cadres” initiative is part...