First Abu Dhabi Bank

ACX Celebrates Successful Inaugural Trade of SYLVERA 'A' Nature Tonne (SAN) Contract with First Abu Dhabi Bank in ADGM, Abu Dhabi

Retrieved on: 
Wednesday, January 31, 2024

The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets.

Key Points: 
  • The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets.
  • This successful trade validates the relevance of such instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem.
  • This inaugural ACX SAN contract is one such, validating the relevance of financial instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem."
  • This successful inaugural trade sets the stage for increased adoption and liquidity in the emerging market for environmental derivatives.

ACX Celebrates Successful Inaugural Trade of SYLVERA 'A' Nature Tonne (SAN) Contract with First Abu Dhabi Bank in ADGM, Abu Dhabi

Retrieved on: 
Wednesday, January 31, 2024

The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets.

Key Points: 
  • The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets.
  • This successful trade validates the relevance of such instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem.
  • This inaugural ACX SAN contract is one such, validating the relevance of financial instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem."
  • This successful inaugural trade sets the stage for increased adoption and liquidity in the emerging market for environmental derivatives.

FAB, Halo Investing sign MoU to advance Structured Notes business

Retrieved on: 
Tuesday, November 28, 2023

Structured notes, a popular financial product among investors seeking customized risk-reward profiles, have experienced a surge in demand in recent years.

Key Points: 
  • Structured notes, a popular financial product among investors seeking customized risk-reward profiles, have experienced a surge in demand in recent years.
  • Halo's cutting-edge technology streamlines the investment process for structured notes, providing investors with access to a wide range of structured products while enabling financial institutions to optimize their offerings.
  • By leveraging our cutting-edge technology, FAB is poised to reshape the landscape of structured notes in the global financial markets."
  • We eagerly anticipate the potential outcomes of this partnership and look forward to working in tandem with HALO to instigate positive transformations in our structured notes offering.

Biz2X Launches Frontiers of Digital Finance Executive Event Series in the Middle East, Announces Riyadh Edition for Spring 2024

Retrieved on: 
Thursday, December 21, 2023

Biz2X has brought the internationally-acclaimed Frontiers of Digital Finance (FDF) event to Abu Dhabi.

Key Points: 
  • Biz2X has brought the internationally-acclaimed Frontiers of Digital Finance (FDF) event to Abu Dhabi.
  • Embracing the visionary theme, "Finance in 2030: How AI-Enabled Finance Will Propel Innovation, Entrepreneurship, and Shape the New Economy," the first Middle East event in the FDF conference series was a showcase of cutting-edge perspectives on the future of digital finance.
  • View the full release here: https://www.businesswire.com/news/home/20231221236454/en/
    Biz2X Launches Frontiers of Digital Finance Executive Event Series in the Middle East, Announces Riyadh Edition for Spring 2024 (Photo: Business Wire)
    Hosted with support from Biz2X partners DLA Piper , King & Spalding , ADGM , AWS , and the U.S. U.A.E.
  • Rohit Arora, CEO and Co-founder of Biz2X, said, “Our expansion into the Middle East is a strategic leap towards the future where finance and technology converge.

PureHealth shares settled a staggering 76% above listing price in Abu Dhabi trading debut

Retrieved on: 
Thursday, December 21, 2023

Abu Dhabi-based PureHealth, which is trading under the symbol "PureHealth", witnessed a jump in its share price to AED 6.0 per share in early trading on the ADX on Wednesday 20 December, giving it a market value of AED 66.6 billion.

Key Points: 
  • Abu Dhabi-based PureHealth, which is trading under the symbol "PureHealth", witnessed a jump in its share price to AED 6.0 per share in early trading on the ADX on Wednesday 20 December, giving it a market value of AED 66.6 billion.
  • Shares of the company surged to a high of 84% before they settled around 76% above the listing price at AED 5.74 per share at the close of trading on Wednesday (indicating a market value of AED 63.8 billion).
  • Farhan Malik, Founder and Managing Director of PureHealth rang the ADX market opening bell to celebrate the listing, in the presence of H.E.
  • Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development, H.E Syed Basar Shueb, CEO and Managing Director of International Holding Company, H.E.

PureHealth shares settled a staggering 76% above listing price in Abu Dhabi trading debut

Retrieved on: 
Thursday, December 21, 2023

Abu Dhabi-based PureHealth, which is trading under the symbol "PureHealth", witnessed a jump in its share price to AED 6.0 per share in early trading on the ADX on Wednesday 20 December, giving it a market value of AED 66.6 billion.

Key Points: 
  • Abu Dhabi-based PureHealth, which is trading under the symbol "PureHealth", witnessed a jump in its share price to AED 6.0 per share in early trading on the ADX on Wednesday 20 December, giving it a market value of AED 66.6 billion.
  • Shares of the company surged to a high of 84% before they settled around 76% above the listing price at AED 5.74 per share at the close of trading on Wednesday (indicating a market value of AED 63.8 billion).
  • Farhan Malik, Founder and Managing Director of PureHealth rang the ADX market opening bell to celebrate the listing, in the presence of H.E.
  • Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development, H.E Syed Basar Shueb, CEO and Managing Director of International Holding Company, H.E.

Phoenix Group PLC Announces Commencement of Offer Period for Upcoming IPO

Retrieved on: 
Thursday, November 16, 2023

A leading innovator in the blockchain and cryptocurrency space, is pleased to announce the start of its offer period beginning November 16, 2023.

Key Points: 
  • A leading innovator in the blockchain and cryptocurrency space, is pleased to announce the start of its offer period beginning November 16, 2023.
  • This offering comes at a time when Phoenix Group is expanding its influence and is poised for significant growth.
  • Investors are invited to apply for shares within the offer period and be a part of Phoenix Group's exciting future.
  • For detailed information on the subscription process and to view the prospectus, please visit the Phoenix Group website or contact the Lead Receiving Bank.

FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance by 2030, Increasing Sustainable Commitment by 80%

Retrieved on: 
Tuesday, December 5, 2023

The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.

Key Points: 
  • The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
  • The expansion underscores FAB's commitment to be a key enabler of the regional sustainable finance agenda and its responsiveness to shifting customer and community priorities.
  • In setting even more ambitious sustainable finance targets by 2030, we are expanding our commitment.
  • Since 2021, it has facilitated over AED100 billion (USD27 billion) as of September-end 2023 in sustainable projects towards renewable energy, clean transportation, green buildings and social projects.

FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance by 2030, Increasing Sustainable Commitment by 80%

Retrieved on: 
Tuesday, December 5, 2023

The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.

Key Points: 
  • The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
  • The expansion underscores FAB's commitment to be a key enabler of the regional sustainable finance agenda and its responsiveness to shifting customer and community priorities.
  • In setting even more ambitious sustainable finance targets by 2030, we are expanding our commitment.
  • Since 2021, it has facilitated over AED100 billion (USD27 billion) as of September-end 2023 in sustainable projects towards renewable energy, clean transportation, green buildings and social projects.

Islamic Banking Software Market size to grow by USD 2.73 billion from 2022 - 2027, Availability of smart cards offered by Islamic banks boosts the market - Technavio

Retrieved on: 
Sunday, November 26, 2023

The potential growth difference for the Islamic banking software market between 2022 and 2027 is USD 2.73 billion.

Key Points: 
  • The potential growth difference for the Islamic banking software market between 2022 and 2027 is USD 2.73 billion.
  • Several Islamic banks are issuing smart cards which is fuelling the market growth.
  • Buy the full report here
    The lack of expertise, awareness, and training in Islamic banking software is a major challenge hindering the market growth.
  • The business management software (BMS) market size is estimated to grow at a CAGR of 10.48% between 2023 and 2028.