Tag: first abu dhabi bank
Banks Waive Over AED869 Million In Debts Of 1,607 Emiratis
Dubai: The Non-performing Debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value...
Masdar, FAB complete landmark energy and water-saving project for Future Rehabilitation Centre
(WAM) -- Masdar, one of the world’s leading renewable energy companies, and First Abu Dhabi Bank, FAB, have announced the completion of an energy...
FAB issues largest Chinese Yuan denominated dual-listed Formosa bond globally
(WAM) -- First Abu Dhabi Bank, FAB, recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a...
Salaries of UAE domestic workers fully integrated with FAB’s payit
(WAM) -- First Abu Dhabi Bank, FAB, has signed an agreement with the Ministry of Human Resources and Emiratisation, MoHRE, to launch a unified...
Digital Payment Trends for 2020
Around 71% of UAE consumers now use digital payments over cash when shopping at stores.
That was the finding of a study announced in June...
Abu Dhabi Selling Triple-Tranche Bonds; US$25bln Worth Orders Already In: Sources
Abu Dhabi is said to have already received more than US$25 billion in combined orders for a planned issue of dollar-denominated bonds, which it...
A Jet-Setting Billionaire Had It All. Then Carson Block Came Along
(Bloomberg) -- Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life.
He splurged on a private jet, vintage cars and two...
Abu Dhabi Builder Holds Talks to Revamp $545 Million in Debt
(Bloomberg) -- Abu Dhabi-based construction firm Al Fara’a Group is in talks with banks to restructure about 2 billion dirhams ($545 million) in liabilities, according...
Saudi Arabia Returns to Eurobond Market as Gulf Tensions Ease
(Bloomberg) --Saudi Arabia is set to issue its first Eurobond of the year as tensions in the Middle East over the U.S.’s assassination of...
