Eurasian Development Bank raises funds on the UAE Capital Market
This issuance supports the EDB's strategic objective of enhancing regional infrastructure, trade, and industrial projects, while also promoting the use of local currency in cross-border transactions. The proceeds will be channeled into high-impact development initiatives across the Bank's member states, furthering economic resilience and integration in Central Asia.
This transaction marks an important stage in the financial cooperation between Central Asia and the United Arab Emirates. In April 2025, the EDB successfully placed its debut AED-denominated bonds on the Astana International Exchange (AIX), becoming the first issuer of UAE dirham bonds in Kazakhstan.
The new issuance carries several milestones, including:
A collaborative effort with ADFD and FAB, strengthening UAE-Kazakhstan financial ties.
Supporting the EDB's mission to drive economic growth and prosperity in Central Asia.
Daniyar Imangaliev, Vice-Chairman of the EDB Management Board, commented:
'Raising AED financing on the UAE capital market is a consistent step for the EDB to finance sustainable development in our member states, especially following our recent dirham issue listed on the Astana International Exchange in Kazakhstan.
By building strong and mutually beneficial relationships with local investors of the dynamically developing financial market in the UAE, we not only diversify our sources of financing, but also deepen economic cooperation between Central Asia and the Middle East. This transaction is ideally aligned with our mission to invest in the prosperity of Eurasia.'
His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, said 'This strategic collaboration with the Eurasian Development Bank and First Abu Dhabi Bank underscores ADFD's commitment to strengthening global development partnerships and leveraging the UAE's financial ecosystem to support sustainable growth beyond our borders. By enabling this pioneering AED-denominated issuance, we aim to support high-impact investments across Central Asia that align with our mission to drive economic progress, resilience, and integration through innovative development financing.'
Linos Lekkas, Group Head of Investment Banking and Markets with FAB, said: 'FAB's exclusive mandate to arrange the Eurasian Development Bank's AED-denominated private placement marks a breakthrough for regional capital markets. This AED 200Mtransaction, co-invested with the Abu Dhabi Fund for Development, strengthens our partnership with the EDB and reinforces our commitment to advancing innovative financing solutions across the region. As the first AED issuance by a supranational in the UAE, it sets a new benchmark for regional capital markets and supports high-impact development across Central Asia.'
Additional information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 19 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By 2025, the EDB's cumulative portfolio comprised 305 projects with a total investment of US $16.5 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.
Abu Dhabi Fund for Development (ADFD)
Established in 1971, Abu Dhabi Fund for Development is a national entity owned by the Abu Dhabi government that aims to support the economic and social development of emerging countries through the provision of concessionary loans, grants, and equity investments. ADFD also plays a pivotal role in strengthening the UAE's development finance ecosystem and facilitating international cooperation through partnerships with multilateral institutions and sovereign entities. To date, the Fund has financed development projects in over 100 countries across key sectors such as energy, water, infrastructure, health, and education, with a focus on promoting sustainability, innovation, and inclusive growth.
First Abu Dhabi Bank (FAB)
Headquartered in Abu Dhabi with a global footprint across 20 markets, FAB is the finance and trade gateway to the Middle East and North Africa region (MENA). With total assets of AED 1.31 trn (USD 356 bn) as of March-end 2025, FAB is among the world's largest banking groups. FAB is listed on the Abu Dhabi Securities Exchange (ADX) and rated Aa3/AA-/AA- by Moody's, S&P, and Fitch, respectively, with a stable outlook. On sustainability, FAB holds an MSCI ESG rating of 'AA', and is also ranked among the top 6% of banks globally by Refinitiv's ESG Scores and ranked the Best diversified bank in MENA by Sustainalytics ESG Risk Rating.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
29 minutes ago
- The National
Sheikh Mohammed announces completion of 1 Billion Meals campaign
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has announced the completion of the 1 Billion Meals project. The scheme was launched in Ramadan 2022 to provide one billion meals to those in need worldwide. It reached its target this month, with meals distributed across 65 countries. 'Three years ago we launched a humanitarian project aimed at distributing 1 billion meals to those in need globally," said Sheikh Mohammed. "The project has fully achieved its goal this month, distributing one billion meals across 65 countries. An additional 260 million meals will be distributed over the course of next year. 'We have also established sustainable real estate endowments to ensure the continued provision of food aid in the years to come.' The initiative followed on from the previous 10 Million Meals and 100 Million Meals campaigns launched in 2020 and 2021. The project aimed to provide nutritional support to underprivileged individuals, families, women, and children, reflecting the UAE's inclusive approach to humanitarianism, which offers assistance and aid to all communities without discrimination. In 2023, the One Billion Meals Endowment campaign was launched to raise funds that would support a long-term, sustainable approach to helping those in need all over the world. Mohammed Al Gergawi, Minister of Cabinet Affairs and Secretary General of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), praised the role played by partners, including UN agencies and regional and local organisations, in implementing the initiative. 'We remain committed to strengthening our strategic partnerships locally, regionally and globally to support those most in need and create sustainable solutions to address food challenges," he said. "The MBRGI's commitment to eradicating hunger extends beyond providing meals; it encompasses empowering communities to develop comprehensive strategies to combat poverty and malnutrition. This aligns with the MBRGI's vision for sustainable development and is being actively pursued by a wide range of UN agencies and regional and local partners."
Khaleej Times
3 hours ago
- Khaleej Times
UAE: Sheikh Mohammed announces 1 billion meals distributed to 65 countries in 3 years
UAE Vice President Sheikh Mohammed had launched the 'One Billion Meals' campaign three years ago with an aim to secure food aid for vulnerable communities in 50 countries. On Friday, July 4, the Ruler of Dubai announced the successful completion of the campaign, with one billion means distributed across 65 countries. And that is not all. The Prime Minister of UAE said that an additional 260 million meals will be distributed in the coming year. "We have also established sustainable real estate endowments to ensure the continuity of providing food to those in need around the world in the coming years," he wrote in a post on X in Arabic. أطÙ�Ù�Ù�ا Ù�بÙ� Ù£ أعÙ�اÙ� Ù�شرÙ�عÙ�ا اÙ�Ø¥Ù�ساÙ�Ù� Ù�Ø°Ù�Ù�Ù�ر Ù�Ù�Ù�ار Ù�جبة Ù�Ù�Ù�ØذاجÙ�Ù� ØÙ�Ù� اÙ�عاÙ�Ù� â�¦ Ù�بØÙ�داÙ�Ù�Ù� Ø°Ù� Ø®Ù�اÙ� اÙ�Ø´Ù�ر اÙ�جارÙ� Ø¥Ù�جاز اÙ�Ù�شرÙ�ع باÙ�Ù�اÙ�Ù� .. ØÙ�Ø« Ø°Ù� Ø°Ù�زÙ�ع Ù�Ù�Ù�ار Ù�جبة Ù�Ù� 65 دÙ�Ù�Ø© ØÙ�Ù� اÙ�عاÙ�Ù� .. Ù�سÙ�Ø°Ù� Ø°Ù�زÙ�ع ٢٦٠Ù�Ù�Ù�Ù�Ù� Ù�جبة إضاÙ�Ù�Ø© Ø®Ù�اÙ� اÙ�عاÙ� اÙ�Ù�ادÙ� .. Ù�Ù�ا Ø£Ù�شأÙ�ا Ø£Ù�Ù�اÙ� عÙ�ارÙ�Ø© Ù�سذداÙ�Ø© Ø£Ù�ضاâ�¦ — HH Sheikh Mohammed (@HHShkMohd) July 4, 2025 The ''One Billion Meals' campaign was an addition to the series of food aid drives launched by Sheikh Mohammed over the past years, starting with 10 Million Meals, 100 Million Meals and later the 1 Billion Meals campaign of Ramadan 2022. In 2022, the campaign provided much needed aid to displaced individuals and families, and crisis-stricken communities in 13 countries, including Jordan, India, Pakistan, Lebanon, Kyrgyzstan, Angola and Uganda. Through an integrated food supply ecosystem, the One Billion Meals campaign aims to provide sustainable food aid to underserved populations, as part of the UAE's contributions to global efforts. The One Billion Meals campaign responds to the global need of providing consistent humanitarian assistance to underserved communities all over the world, supporting efforts to achieve the United Nations' Sustainable Development Goal 2 that aims to end hunger by 2030.
Economy ME
3 hours ago
- Economy ME
Dubai real estate hits record high in Q2 2025 with AED 184.3 billion in sales transactions
Dubai's real estate market has achieved its highest-performing quarter on record, according to new data from Property Finder. In Q2 2025, the market recorded 53,252 property sales transactions, marking a 22 percent increase in volume and a 49 percent surge in value compared to the same period in 2024. The total value of transactions reached an unprecedented AED 184.3 billion. This historic quarter builds on the strong momentum from Q1 2025, reinforcing Dubai's reputation as one of the world's most attractive and resilient property markets, even amid ongoing global economic uncertainty. The sharp rise was fueled by continued demand across both ready and off-plan segments, reflecting high confidence among investors and end-users. The ready property market led the charge in Q2, outperforming all previous records in both sales volume and transaction value Read: Dubai real estate: Luxury deals rise 93 percent this year as 13,000 new millionaires move to UAE Ready property market delivers record-breaking performance The ready property market led the charge in Q2, outperforming all previous records in both sales volume and transaction value. The performance is attributed to a growing shift from renting to owning, as rising rental prices encourage more residents to invest in property. 22,975 ready property transactions were completed, up 33 percent from Q2 2024 Total transaction value soared to AED 115.5 billion, a 62 percent year-on-year increase from AED 71.3 billion Compared to the previous market peak, this reflects a 32 percent rise in value and a 15% growth in volume The ready segment accounted for 43 percent of total market activity, indicating a clear shift toward long-term homeownership Off-plan segment reaches new highs Dubai's off-plan property market also hit new records, underscoring strong investor confidence in the city's long-term development pipeline. The total value of off-plan sales reached an all-time high of AED 68.8 billion, up 29 percent from AED 52.6 billion in Q2 2024 Off-plan transaction volume grew 16 percent, reaching 30,277 deals, and represented 57 percent of all property sales in Q2 The continued surge highlights sustained demand from both local and international investors, driven by Dubai's regulatory stability, growth potential, and global appeal With both ready and off-plan sectors posting historic results, Dubai's real estate market continues to outperform expectations, signaling a strong outlook for the second half of 2025. Cherif Sleiman, chief revenue officer, Property Finder Cherif Sleiman, chief revenue officer, Property Finder commented: 'What continues to set the UAE apart is proactive governance, including agile policy making, updated licensing protocols, and tighter regulation around agent conduct and property advertising, all of which contribute to greater transparency, investor confidence and robust sectoral performance. 'As our data shows, the diversity of options in the property market today, especially across apartments, villas, and townhouses, reflects a healthy and active ecosystem, particularly in segments like villas and townhouses that have historically faced supply constraints. This balance between demand and inventory signals market maturity rather than oversupply.'
