Finance and Markets
· 1 min read
UAE Central Bank holds its base rate at 3.9%
The CBUAE kept the rate on its Overnight Deposit Facility unchanged after the US Federal Reserve held its interest on reserve balances rate.
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Finance and Markets
Finance and Markets
Masdar raises US$600 million in a five-year blue bond, 2.5 times oversubscribed
The AA- rated bond pays a 5.875% coupon, swapped into euros at 4.374%, and takes Masdar's total raised under its bond programme to US$3.35 billion since 2023.
Finance and Markets
UAE stock markets worth AED 3.7 trillion as CMA-licensed firms rise 43% in nine months
ADX and DFM traded AED 408 billion in January to September, foreign investors made up 49% of trading, and bond and sukuk issuance reached AED 576 billion.
Finance and Markets
Emirates NBD nine-month profit before tax rises 4% to AED 24.3 billion
Income grew 15% to AED 42.2 billion and loans rose 27% to AED 833 billion, helped by the addition of India's RBL Bank.
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