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May 07 2024
News
QCP Receives In-Principal Approval From Abu Dhabi Regulator
Digital assets trading firm QCP Capital said it received In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The Singapore-based firm is the latest digital assets company to establish a licensed presence in Abu Dhabi. in neighboring Dubai, it said it with Further Ventures to expand into the Middle East. “Our intention is to be a
CoinDeskMay 13 2024
News
Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia
Liminal, a Singapore-headquartered provider of custody services, won regulatory approval in Abu Dhabi as its expansion outside its home base takes another step forward, its representatives told CoinDesk in an interview Monday. The firm's First Answer Middle East subsidiary received the Financial Services Permission (FSP) from the Abu Dhabi Global Market's (ADGM) Financial Services Regulatory
CoinDeskMay 06 2024
News
Abu Dhabi's IHC to buy back up to $1.4 billion of its shares
DUBAI, May 6 (Reuters) - IHC (IHC.AD) , Abu Dhabi's largest listed company, said on Monday it would buy back up to 5 billion dirhams ($1.36 billion) of its shares as it reported that first-quarter profit almost doubled. The conglomerate said its profit for the first three months of the year rose to 8.02 billion dirhams from 4.27 billion a year earlier, while revenue grew to 19.29 billion from
ReutersApr 23 2024
News
Abu Dhabi Raises $5 Billion With First Eurobond in Three Years
Abu Dhabi sold its first eurobonds since 2021, raising $5 billion in one of the biggest deals from emerging markets this year.
The oil-rich sheikhdom, the capital of the United Arab Emirates, issued tranches five, 10 and 30 years. The final yields were significantly tighter than the guidance from when the sale started on Tuesday morning, suggesting there was plenty of demand from
BloombergApr 29 2024
News
Abu Dhabi Sovereign Wealth Fund Plans Debut Dollar Bond Sale
Abu Dhabi’s sovereign wealth fund ADQ is set to follow the emirate’s government into the debt market with its first dollar bond.
ADQ, which is wholly owned by the government of Abu Dhabi, may sell US dollar-denominated, benchmark size senior unsecured bonds with maturities of five and 10 years, said a person familiar with the matter, who asked not to be identified because they’re not
BloombergApr 28 2024
News
Abu Dhabi developer Aldar posts 88% first-quarter profit leap
DUBAI, April 29 (Reuters) - Abu Dhabi's biggest developer, Aldar Properties (ALDAR.AD) , posted an 88% leap in first-quarter net profit on Monday, supported by strong revenue growth. Net profit rose to 1.57 billion UAE dirhams ($427.5 million), beating analyst expectations of 1.03 billion dirhams, LSEG data showed. Revenue for the quarter totalled 5.6 billion dirhams, up 83% year on year. CEO
ReutersApr 08 2024
News
Abu Dhabi’s Lunate, Saudi Group Buy Into Iconic Dubai Tower
An Abu Dhabi investment firm and a Saudi conglomerate have bought into the largest office tower in Dubai’s financial hub, securing a slice of one of the world’s few upbeat commercial property markets. The $105 billion fund Lunate and Saudi Arabia’s Olayan Financing Company have bought a 49% stake in ICD Brookfield Place in one of the largest commercial real estate transactions since the start
Bloomberg