• UAE first: Islamic banking assets by 2023 end cross $190bn mark

    Abu Dhabi, UAE -- The assets of Islamic banks operating in the UAE exceeded AED 700 billion ($190 billion) for the first time in history at the end of 2023, according to the latest statistics from the Central Bank of the UAE (CBUAE). The statistics showed that the assets of...

  • Dubai’s Emaar may raise $500 million via Islamic bonds

    The builder of the world's tallest building, Dubai's Burj Khalifa, last issued international bonds in 2019, raising $500mln via sukuk Emaar is 29.22% owned by state fund Investment Corporation of Dubai   Dubai real estate company Emaar Properties has hired banks for issuance of US dollar-denominated Islamic bonds, or sukuk,...

  • Saudi Aramco unveils first dollar sukuk bond

      The bonds will be issued in three tranches The deal will consist of three, five and ten year tranches Saudi Aramco has unveiled its first US. dollar-denominated sukuk bond on Wednesday, which will be issued in three tranches, Reuters reported. The deal will consist of three, five and ten...

  • ADX lists US$1 billion Abu Dhabi Ports bonds

    The company is planning $4.2 billion in investment in next 5 years

  • ADNOC raises $1.64 bn from share, bond offering

    The Combined Offering results in proceeds of $1.64 billion for ADNOC ADNOC will retain at least a 70 percent strategic stake in ADNOC Distribution ADNOC raises $1.64 bn in combined offering of ADNOC Distribution shares and issuance of exchangeable bonds attracting FDI into UAE Abu Dhabi National Oil Company (ADNOC)...