Tenzin Partners’ Post

Dubai's DIFC attracts surge of Chinese financial firms Dubai reported a surge in interest from Chinese financial firms and multinational companies in 2024, as the Gulf financial hub continues to gain prominence as a strategic gateway to the region. The top five Chinese banks, including Bank of China and ICBC, now operate in the Dubai International Financial Centre, collectively contributing over 30% of its banking and capital market assets, according to a 17 Dec release. Bank of China opened its regional headquarters in the region in November. In the same month, China’s Ministry of Finance listed $2bn in bonds on Nasdaq Dubai, adding to over $22bn in Chinese-issued debt. Read more at: https://shorturl.at/JDIZL

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has strengthened its position as a strategic gateway to the region, for Chinese financial institutions and multinational firms. Chinese firms are using DIFC to access markets across the MEASA region, as well as Belt and Road Initiative (BRI) member countries which have strong connectivity through Dubai. Read more: https://lnkd.in/dr3XtHER #TheFinancial #News

DUBAI – Nasdaq Dubai has announced the successful listing of a US$400 million Floating Rate Note issued by the Agricultural Bank of China (ABC) through its Dubai International Financial Centre (DIFC) branch. This listing, under the bank's US$15 billion Medium Term Note Programme, is set to mature in 2027 and marks the bank’s second bond listing on Nasdaq Dubai. It highlights the deepening economic and financial ties between China and the UAE. #NasdaqDubai #AgriculturalBankofChina #BondListing #ChinaUAE #BeltandRoad #FinancialMarkets #GlobalEconomy #Investment #MiddleEast

The HKMA and the Central Bank of The UAE signed a Memorandum of Understanding (MoU) today to enhance co-operation between the Hong Kong and UAE financial services sectors. 🤝 Under the MoU, the two authorities aim to develop connectivity between the debt capital markets, enhance the exchange of expertise, facilitate cross-border debt securities issuances, and drive more investment activity in both markets. The agreement will also strengthen Hong Kong’s role as a gateway to both the Renminbi (RMB) and international debt markets. The two leaders, Eddie Yue, Chief Executive of the HKMA, and H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE, shared their perspectives on the collaboration. Read more here: https://lnkd.in/gqdjuveM #HongKong #UAE #Investment #Connectivity #DebtCapitalMarket #Renminbi

Nasdaq Dubai welcomes the listing of $2 billion bonds by China’s Finance Ministry, strengthening global financial ties. . Read Full News : https://lnkd.in/g-_CN4sQ . #NasdaqDubai #ChinaBonds #FinancialHub #GlobalMarkets #DubaiFinance #SovereignBonds #CapitalMarkets #dxbnewsnetwork #dxbnews #dxbdnn

𝐌𝐚𝐬𝐡𝐫𝐞𝐪 𝐚𝐧𝐝 𝐁𝐈𝐈 𝐋𝐚𝐮𝐧𝐜𝐡 $𝟓𝟎𝐌 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐚𝐝𝐞 Mashreq has partnered with British International Investment (BII), in a $50 million trade finance initiative to boost cross-border trade in emerging markets across South Asia and Africa. The collaboration, structured under a Master Risk Participation Agreement, will use Mashreq's established network to provide US dollar liquidity for essential imports, addressing the growing trade finance gap caused by rising inflation and declining investor interest in non-traditional banking sectors. According to Chiradeep Deb, Mashreq's global head of investment banking, and Admir Imami, BII's director of trade and supply chain finance, this collaboration is step toward fostering sustainable economic growth in emerging markets while making trade finance more accessible to countries struggling with import and export financing. #britishinternationalinvestment #mashreq #GlobalTrade #EmergingMarkets"

In our latest Trade Corridor Report, we shine a spotlight on the sectors and projects driving the next era of trade between Saudi Arabia and six major economies. Discover what opportunities this might create for your business, download the report today. https://grp.hsbc/6049SdjtR #HSBC #InternationalBanking

𝐒𝐚𝐮𝐝𝐢 𝐄𝐗𝐈𝐌 𝐁𝐚𝐧𝐤 𝐒𝐢𝐠𝐧𝐬 𝐂𝐨𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭𝐬 𝐰𝐢𝐭𝐡 𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐁𝐚𝐧𝐤𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐍𝐨𝐧-𝐎𝐢𝐥 𝐄𝐱𝐩𝐨𝐫𝐭𝐬 On the sidelines of the Saudi-Japan Vision 2030 Business Forum in Tokyo, the Saudi EXIM Bank has signed two cooperation agreements with SMBC Business Banking and MUFG Bank. Read More: https://bityl.co/Q6Oz #saudibank #saudinews #exim #Eximbank #Agreement #oilexports #news #NewsUpdate #BusinessNews #newsdaily #arabiannews

Qantara African Sovereign Bonds: Reporting February 2024 Key éléments are : 🔹Strong performance by the asset class, driven by Egypt, which obtained financing from the UAE (+4.4% for the benchmark over the month / +3.06% YTD).. 🔹We started investing on Feb 12th . NAV was up 101,7 on Feb 29th and up 102 on March 1st . 🔹2 out of the 3 countries presenting the greatest risks for 2024 have resolved their liquidity problems (Egypt and Kenya). 🔹The primary market reopened, with issues for Cote d'Ivoire, Benin, Kenya and the AfDB several times oversubscribed.

The UAE Ministry of 1 Finance has initiated transformative projects to bolster the "We the UAE 2031" vision and elevate the country's position as a global economic hub. One major collaboration with the UAE Central Bank aims to foster the local debt capital market through the issuance of dirham-denominated bonds and Islamic treasury sukuk. This effort is designed to enhance market activity and broaden the investor base. Another significant initiative focuses on promoting Emirati leadership in international financial forums, empowering local talents to assume key leadership roles and fortify the UAE's global influence. Minister #Mohamed Hadi Al Hussaini highlighted the importance of digital transformation and attracting foreign investments in these endeavors. #LatestDubaiNews #ArabTimesNews #UAEFinance #WeTheUAE2031 #EconomicHub #DebtCapitalMarket #IslamicFinance