Nasdaq Dubai Welcomes ICBC’s Multi-Currency Green Bond Listings Totalling $1.72bln – Dubai Blog
Nasdaq Dubai today welcomed the listing of three Green Bond issuances totaling USD 1.72 billion by Industrial and Commercial Bank of China Limited (ICBC). The bonds were issued under the bank’s USD 20 billion Global Medium Term Note Programme by its branches in Dubai (DIFC), Hong Kong, and Singapore. The listings include: ICBC Hong Kong Branch: USD 1,000,000,000 Floating Rate Notes due 2028 ICBC Singapore Branch: USD 300,000,000 4.125% Notes due 2028 ICBC Dubai (DIFC) Branch: CNH 3,000,000,000 2.00% Notes due 2028 These issuances further strengthened ICBC’s position as the leading Chinese issuer, as well as the leading ...
Real estate, construction sector wins relief
KARACHI: The real estate and construction industry remained the main focus of the Pakistan Tehreek-e-Insaf (PTI) government in the budget for FY21 as it reduced taxes and allocated funds for giving a boost to construction and allied industries in an attempt to revive economic growth and create job opportunities.The government, however, kept complete silence on proposed changes to mobilise new investment in the Pakistan Stock Exchange (PSX), which is considered a barometer to gauge economic performance of the country.The government is giving "relief in taxes on the income on sale of immoveable property (real estate)," Federal Minister for ...
Ski Dubai To Host The Region’s First-Ever Snow Duathlon On 29 June – Dubai Blog
Ski Dubai, in partnership with Dubai Sports Council and CRANK fitness studio, has announced the launch of the region’s first-ever Snow Duathlon, set to take place on Sunday, 29 June. This unique event, combining running and stationery cycling in sub-zero conditions, adds to Dubai’s expanding list of innovative fitness initiatives aimed at promoting an active lifestyle during the summer. Interested participants can register through Premier Online until 27 June. The Snow Duathlon will be held inside Ski Dubai, where competitors aged 13 to 60 will face the ultimate fitness challenge in -4°C temperatures, starting with a 5 km stationary ...
DIB Marks 50 Years Of Progress With Prizes Worth AED 10mln For Customers – Dubai Blog
In celebration of its Golden Jubilee, DIB – the largest Islamic bank in the UAE, announced the launch of its massive rewards campaign Fiesta 50, giving away up to AED 10 million in prizes. Open to both current and new customers, the campaign is DIB’s way of expressing heartfelt gratitude to the millions who have supported its journey over the past five decades and an invitation to join the bank as it enters the next chapter of its remarkable progress – one that never stops. Running until the end of 2025, Fiesta 50 promises to be one of the most thrilling ...
Plan to lease Roosevelt Hotel shelved
ISLAMABAD: The Cabinet Committee on Privatisation (CCOP) on Thursday reversed a seven-month-old legally questionable decision of deciding the fate of real estate jewel, Roosevelt Hotel New York, through a ministerial task force, putting the transaction back on right track. Headed by Adviser to Prime Minister on Finance Abdul Hafeez Shaikh, the CCOP authorised the Ministry of Privatisation to hire a financial adviser for finalising the transaction structure of Roosevelt Hotel, according to a statement issued by the Ministry of Finance after a meeting. Roosevelt Hotel, located in the heart of global commercial and tourism hub, is ...
Mashreq Launches NEO PLUS Saver Account For Salary And Non-Salary Customers With UAE’s Most Rewarding Savings Interest Rates – Dubai Blog
Mashreq, a leading financial institution in the MENA region, has unveiled the NEO PLUS Saver Account – a high interest savings product designed to empower both salary and non-salary customers with market-leading returns and seamless digital access. Through the new account salary customers can earn 6.25% interest per annum in addition to a cashback of up to AED 5,000 making it one of the most compelling propositions in the UAE’s banking sector. With a focus on simplicity and transparency, NEO PLUS Saver Account allows salary customers transferring a monthly salary of AED 10,000 or more, to earn 6.25% ...
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