Min Fang, senior executive Officer of the Dubai branch of the Agriculture Bank of China (ABC), today rang the market-opening bell to celebrate the listing of a 1 billion yuan ($163 million; Dh590 million) bond on Nasdaq Dubai. ABC, China’s third-largest bank by assets, is the first Chinese issuer to list a bond on an exchange in the Middle East and North Africa (Mena) region. ABC went public in 2010 in China, raising $22 billion in what was then the world’s largest IPO by value…Full Article: GulfNews.com Sept 2014

Key Point

  • The senior executive Officer of the Dubai branch of the ABC state stated that his bank intends to expand its presence in the Middle East and North Africa via Dubai.

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