Devisenmarkt Vereinigte Arabische Emirate

 

More Chinese and local issuers could tap Dubai to list debt and equity securities, signalling confidence in the Chinese economy and the deepening economic corridor between China and the Middle East, according to the CEO of Dubai Financial Services Authority (DFSA). The momentum would build on Emirates NBD Bank's recent offshore yuan bond of 1 billion yuan (US$143 million), listed on Nasdaq Dubai, marking the lender's return to the dim sum bond market and enabling global investors to access......

Leading banks from Southeast Asia and the Middle East – including OCBC, Bangkok Bank, First Abu Dhabi Bank and Qatar National Bank – have joined the Hong Kong Monetary Authority's (HKMA) expanded yuan liquidity facility, underscoring the city's push as a global offshore renminbi (RMB) business hub. The HKMA said on Monday it had doubled the quota it allocated to banks under the Renminbi Business Facility to 100 billion yuan (US$14 billion) from December 1, the maximum allowed under the......

A local government from the United Arab Emirates is close to securing its first-ever Chinese yuan-denominated syndicated loan, as Middle Eastern entities increasingly turn to Asian banks for funding....

The UAE federal government and individual emirates are expected to issue a combined $18 billion in local currency loans this year as part of efforts to build a domestic debt yield curve, repay maturing obligations and partly fund budget shortfalls, global ratings firm S&P said....

Three major Abu Dhabi entities, including a sovereign wealth fund, plan to launch a stablecoin fully regulated by the central bank of the United Arab Emirates and backed by the dirham, a move that could speed the Persian Gulf nation's efforts to adopt digital currencies and facilitate payments....