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Abu Dhabi's Mubadala hires banks for dual-tranche euro bonds - document

March 3, 2021

DUBAI - Abu Dhabi state fund Mubadala has hired banks to arrange a planned dual-tranche issue of euro-denominated bonds, a document seen by Reuters......

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ADCB expands mortgage business through acquisition of portfolio from Abu Dhabi Finance

March 1, 2021

ABU DHABI, 28th February, 2021 (WAM) -- Abu Dhabi Commercial Bank PJSC (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000......

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FAB shareholders approve cash dividends of AED8.08 bn for 2020

March 1, 2021

(WAM) -- First Abu Dhabi Bank (FAB) has approved the distribution of 74 percent cash dividends (AED 0.74 per share, implying total cash dividends......

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CBUAE imposes sanctions on individual for breach at exchange house

February 27, 2021

WAM) -- The Central Bank of the UAE (CBUAE) has imposed sanctions on a non-authorised individual related to an exchange house operating in the UAE,......

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UAE Central Bank joins Hong Kong government's digital currency project

February 24, 2021

The UAE Central Bank joined the second phase of a digital currency project for cross-border payments initiated by the Hong Kong Monetary Authority......

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CBUAE, HKMA enter fintech agreement

February 24, 2021

ABU DHABI, HONG KONG, 23rd February, 2021 (WAM) -- The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA)......

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UAE banks returned AED14.47 bn received from Central Bank's AED50 bn TESS

February 17, 2021

ABU DHABI, 16th February, 2021 (WAM) -- UAE national banks have returned around AED14.47 billion from the stimulus they had received since March......

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Abu Dhabi banks invested AED26.1 bn in debt securities in 2020

February 16, 2021

ABU DHABI, 14th February, 2021 (WAM) -- Abu Dhabi banks invested AED26.1 bn in debt securities during 2020, bringing to AED208.6 bn their cumulative......

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Central Bank's total assets up 6.6 percent to AED470.5 bn in December

February 13, 2021

(WAM) -- The total assets of the Central Bank of the United Arab Emirates grew 6.6 percent to AED470.5 bn by the end of December 2020, CBUAE latest......

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FAB, Mastercard to enhance commercial payments for UAE businesses

February 11, 2021

ABU DHABI, 10th February, 2021 (WAM) -- First Abu Dhabi Bank (FAB) has announced it signed a five-year strategic partnership deal with Mastercard......

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