• FAB issues first Sukuk globally in 2024

    ABU DHABI, UAE - First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779 percent. This marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. The final...
  • Global CEOs rank political uncertainty as biggest risk to business

    Dubai, UAE-- CEOs from around the world consider geopolitics and political uncertainty as the greatest risk to the growth of their business — be it navigating a company’s presence in a conflict zone or attempting to navigate disrupted supply chains and manage price fluctuations. The conclusion emerged from a survey...
  • High oil prices, reforms spur Saudi economic boom

    The Kingdom's non-oil private sector expanded sharply in June as output and new orders rose at accelerated, multi-year record rates, indicating strong growth rate.
  • Business confidence drops among Japan’s largest manufacturers

    Tokyo, Japan--Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday. The Bank of Japan's closely watched quarterly Tankan survey is considered the broadest indicator of how Japanese businesses are faring. It reports the...
  • New Iraq PM sacks senior officials days after confidence vote

    Seeking to consolidate his position, Iraq's Prime Minister Mohammed Shia al-Sudani has sacked several senior officials appointed by his predecessor, just days after a confidence vote in his government. The prime minister rescinded several appointments following the October 2021 polls, citing the government's "interim" status.
  • UAE rich reset life goals after Corona but find confidence shaky: Survey

    About 88 percent of the affluent people in the UAE have reset their life goals following the Corona pandemic, and 43 percent of them feel the pandemic has made them less confident to utilize their finances for achieving goals, a Standard Chartered survey has found. The bank surveyed affluent, emerging...
  • UN report says global FDI rebounds to $852bn in H1

    A United Nations report has depicted a positive picture of global foreign direct investment during the first half of 2021. As much as $852 billion in FDI was recorded by countries across the world on the back of growing investor confidence.
  • Business confidence in Dubai reaches third-highest level in 10 years: Survey

    Business confidence in Dubai reached its third-highest level in 10 years as companies in the emirate begin to feel the positive impact of Expo 2020 Dubai, a new survey from Dubai Chamber has revealed. According to the findings of the Chamber’s quarterly Business Leaders’ Outlook Survey, 76 percent of respondents...
  • Kuwait urges Iran to push for regional confidence-building

    Iran’s moves could ultimately contribute to building regional relations based on mutual cooperation and respect.
  • Demand for UAE gold jewellery spikes as buyers splurge

    Demand for UAE gold jewellery has vaulted 461 percent to 7.3 metric tons in the second quarter as compared to 1.3 metric tons in the same period last year.