Estithmar sets up issuance program
The Group said the program is valued at $933 million.Company News Business
Macy’s rejects $5.8bn takeover deal
The company also owns the Bloomingdale's store chain.Company News Business
Standard Chartered, flydubai sign deal
The Sale and Leaseback (SLB) agreement is for five new Boeing 737 MAX aircraft.Four of the aircraft were delivered between March and May 2022, while the remaining aircraft is scheduled to arrive from Boeing before the end of the first half of the year.
The deal was structured, financed and arranged exclusively by Standard Chartered.
Dubai records $386 million in real estate transactions on Monday
Dubai real estate market recorded 552 sales transactions worth AED 1.42 billion ($386 million) and 78 mortgage deals of AED...The sales included 427 villas and apartments worth AED 878.57 million, and 125 land plots worth AED 540.79 million.
The emirate's real estate market recorded the highest number of transactions since 2010 registered in a single quarter and the highest volume since Q1 2014.
To use rather than collect, the second coming of Non-Fungible Tokens
The non-fungible token (NFT) craze, just over a year old, has given the world works that have sold for millions...Tens of billions of dollars have been poured into digital assets market, while also provoking discussions about how they could be useful in the real world.
Regardless, NFTs, in conjunction with growing interest in the metaverse and a decentralized vision for the internet's future, dubbed web3, are part of building wave of growth.
SRTI Park launches Advanced Industry Accelerator 2.0
The accelerator programme will provided local and regional start-ups with innovative solutions and strong support system within the thriving SRTI...The accelerator programme will provided local and regional start-ups with innovative solutions and strong support system within the thriving SRTI Park ecosystem
SAIA 2.0 is also in line with the UAE’s industrial strategy 'Operation 300bn', a 10-year comprehensive policy aimed at empowering and expanding the industrial sector
Expo Centre Sharjah plans to boost exhibition sector in eastern region
During a recent meeting at Expo Khor Fakkan, the Expo Centre Sharjah reviewed its strategic plans to organise a series...During a recent meeting at Expo Khor Fakkan, the Expo Centre Sharjah reviewed its strategic plans to organise a series of specialised events over the coming months
The meeting also discussed future development plans and strategies, as well as the events and exhibitions that would be organised and held in 2023
TikTok lets creators charge monthly subscriptions
TikTok on Monday said it will start letting some popular accounts at the video-snippet streaming star charge subscriptions for live..."LIVE Subscription is an extension of our efforts to build diversified creator monetization opportunities that suit a range of creator needs," TikTok said in a blog post
TikTok said the subscription feature being introduced this week will only be available to creators by invitation for now
‘Digitization transforming Islamic banking in GCC’
The use of CX capabilities, digital media, predictive analytics can help banks develop personalized Shariah-compliant services, says Dubai Islamic Bank...The use of CX capabilities, digital media, and predictive insights and analytics can help banks develop personalized Shariah-compliant services, says Group CEO Dubai Islamic Bank
Islamic banks partnering across the digital economy through open banking can widen choice by creating new and incredibly exciting financial and non-financial services, he adds
Algeria president sacks central bank chief
Algerian President Abdelmadjid Tebboune on Monday sacked central bank chief Rostom Fadli, in office for less than two years, the...Fadli had taken office in June 2020 as interim head of the central bank of Africa's fourth-biggest economy, later being confirmed in the role
Algeria is a rentier economy dependent on oil exports for 90 percent of its foreign income, and therefore vulnerable to price movements
‘Central bank digital currencies can transform financial system’
More countries are experimenting with CBDCs and some are beginning to bring them to market, potentially offering lessons for the...More countries are experimenting with CBDCs and some are beginning to bring them to market, potentially offering lessons for the rest of the world
Some of the questions that were debated included the macroeconomic and geopolitical implications surrounding the roll-out of CBDCs
Dubai Chamber of Commerce reports 55% membership growth in April 2022
The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the Chamber's total membership to...The new member companies joining Dubai Chamber of Commerce in April 2022 reached 3,056, bringing the Chamber's total membership to 300,000 companies
The value of members' exports and re-exports in April 2022 amounted to AED20.2 billion, growing by 16.7 percent from the AED17.3 billion posted in April 2021
