Banking, fintech, funds, capital markets and cross-border investment
Bank of China Dubai priced a two-year fixed-rate Yulan bond worth 2 billion yuan ($280 million) at a final yield of 1.6%, down from initial guidance of 2.1%. The senior unsecured notes will be listed on both Nasdaq Dubai and the Hong Kong Stock Exchange. Settlement is scheduled for October 23, 2026, with proceeds designated for general corporate purposes.
Sharjah Police have dismantled four interconnected international criminal networks and arrested 33 suspects from 12 nationalities linked to an Dh8.8 billion ($2.4 billion) money laundering scheme. The operation, codenamed 'End of the Battle', secured over Dh65 billion in assets belonging to more than 30 companies worldwide and seized over Dh200 million in funds. Authorities reported the networks used artificial intelligence tools for phishing and laundered illicit proceeds through virtual assets, bank accounts, and luxury goods.
Network International and Commercial Bank of Dubai have expanded their merchant lending referral partnership beyond point-of-sale financing. The expanded suite provides UAE SMEs with commercial property financing and unsecured working capital loans. Eligibility criteria have also been widened to include smaller and newer enterprises.
The 1 Billion Followers Summit and the National Media Authority have launched the $1 million '100 Dreams' initiative in collaboration with Dream Group founder Simon Squibb. The programme will provide 100 content creators with $10,000 each, alongside trade licensing support, mentorship, and business acceleration in the UAE. Applications open on 20 November ahead of the fifth summit edition in January 2027.
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