Bank of Sharjah joint lead manager for $350m Ittihad sukuk
SHARJAH, UAE - Bank of Sharjah announced its selection as joint lead manager and bookrunner in the debut US$350 million...
Business
ADB plans to invest US$100bn to maximize climate impact
MANILA, PHILIPPINES - Setting the scene for a low-carbon and climate-resilient Asia and the Pacific, the Asian Development Bank (ADB)...
Economy
IFIN launches first-of-its-kind Islamic financing platform
IFIN platform eliminates the need for customers to visit their bank branch to secure finance and provides retailers with an opportunity...
European central bank honchos to wrestle with rising inflation
The ECB's 25-member governing council is widely expected to hold interest rates at historic lows and leave its massive bond-purchasing...
Emaar Properties sees sales jump 250% in Dubai
Emaar property sales this year $2.86 billion compared to $820 million in the same period last year The company, which...
Dubai SME to help entrepreneurs access competitive legal services
The Hamdan Innovation Incubator and the International Consultant Law Office have signed an MoU The pact aims to help SMEs...
Vodafone Qatar unveils enhanced IoT fleet management solution
Updated features enable businesses to optimise customer services, increase operational efficiencies and reduce costs
Turkish Airlines increases daily flights from Dubai
The airline launches a promotional campaign that will be available until June 18
KFH awarded Best Bank in Kuwait, in Middle East
EMEA awards recognize the financial performance, banking excellence and innovative products
Financial crimes: UAE, Bangladesh and Somalia to cooperate
The move is in line with international efforts to exchange financial information and expertise
Sharjah to protect, breed Arabian Peninsula wildlife
The emirate has explored the first nesting of olive Ridley sea turtles in the mangrove reserve of Kalba
Revonic launches deep analytics tool REXA in Qatar
eCommerce Experience Assessment (REXA) will help businesses to plot digital courses with confidence and achieve measurable results
Bank of Sharjah joint lead manager for $350m Ittihad sukuk
SHARJAH, UAE - Bank of Sharjah announced its selection as joint lead manager and bookrunner in the debut US$350 million...
Business
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Ethmar net profit up $114m
Business
One fourth of all investors in state securities have left Russia: Minister
Moscow, Russia -- One fourth of all investors in state securities have been forced to leave the Russian market due...
Business
GCC top export market for Dubai Chamber of Commerce members
Dubai, UAE -- The Gulf Cooperation Council countries were the top destinations for exports and re-exports of Dubai Chamber of...
Business
Ajman H1 real estate transactions increase by 15 percent to $1.95bn
Ajman, UAE -- Ajman real estate market grew 15.6 percent year-on-year to AED 7.17 billion ($1.95 billion) in the first...
Business
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Business
DGCX waives fees for Shari’ah compliant Spot Gold Contract
Dubai, UAE -- The Dubai Gold & Commodities Exchange (DGCX) Tuesday said it is waiving trading, clearing and delivery fees...
- DGCX will waive the fee until 31 December 2023. This fee waiver excludes the SCA fee of $0.03.
- The Exchange is also seeking approval from SCA to waive fees for its Gold Futures contract.
Business
Saudi Arabia accedes to United Nations’ CISG convention
Riyadh, Saudi Arabia -- Saudi Arabia has officially acceded to the United Nations Convention on Contracts for the International Sale...
- Saudi Arabia became the 96th State Party to the Convention. The Convention will enter into force for Saudi Arabia, except for its part III, on 1 September 2024.
- The CISG establishes a comprehensive code of legal rules governing the formation of contracts for the international sale of goods and the obligations of the buyer and seller.
Business
Bahrain Central Bank’s $185 million treasury bills oversubscribed
Manama, Bahrain – This week’s BD 70 million ($185 million) issue of Bahrain Government Treasury Bills has been oversubscribed by...
- The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government .
- The approximate average price for the issue was 98.395 percent with the lowest accepted price being 98.261 percent.