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November 12, 2024

Business Blog

Latest News

UAE President and Emir of Kuwait discuss fraternal relations and efforts to strengthen Gulf cooperation

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait, discussed …

ADDED

UAE: ADDED, ADIB to facilitate digital business banking account opening

  Abu Dhabi Department of Economic Development (ADDED) has signed …

business gate

GMPC sees lowers profits in Q1-23 initial financials

The net profits attributable to the owners of Gulf Medical …

business gate

Consortium plans to develop $5bln UAE-Oman-India undersea pipeline

South Asia Gas Enterprise (SAGE), a consortium of companies in …

AUTOMOTIVE

Admiral Mobility partners with Avis to lease electric trucks

Admiral Mobility, a subsidiary of US-based Admiral Corporation of America, …

Latest News

New agreement allows DHL to use Etihad Rail in country

Etihad Rail and DHL Global Forwarding have signed a 20-year …

business gate

UAE’s Aldar Investment Properties plans 10-year $500mln green sukuk – document A general view shows the headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi. Ben Job, Reuters , Reuters Images A general view shows the headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi. Ben Job, Reuters Reuters Images Initial price guidance for the sukuk, which will be issued under the company’s Green Framework, was given at 185 basis points (bps) over US Treasuries, the document said Rachna Uppal, Reuters News May 17, 2023 ISLAMIC FINANCESUSTAINABILITYMARKETSREAL ESTATEUAESUKUK DUBAI – Aldar Investment Properties plans to issue a $500 million 10-year debut green Islamic bond, or sukuk, on Wednesday, according to a bank document seen by Reuters. Initial price guidance for the sukuk, which will be issued under the company’s Green Framework, was given at 185 basis points (bps) over US Treasuries, the document said.

Aldar Investment Properties plans to issue a $500 million 10-year …

ADIB

ADIB Egypt reports 125.4% YoY climb in Q1 consolidated profits

 Abu Dhabi Islamic Bank Egypt (ADIB) reported a 125.4% year-on-year …

DUBAI

Prestige One launches two residential projects in Dubai

Dubai-based Prestige One Developments announced on Monday the launch of …

ENTERTAINMENT

Abu Dhabi: Designer Manish Malhotra to showcase special collection at IIFA Rocks 2023

The International Indian Film Academy and Awards (IIFA) is set …

business gate

Dubai’s Emaar Development sees slight profit fall to $288mln

Dubai-based developer Emaar Development has announced a marginally reduced profit …

ART

Typewriter artist creates Burj Khalifa, Dubai skyline with letters, numbers

A typewriter artist created intricate drawings using letters, numbers and …

ENVIRONMENT

SirajPower completes Al Tajir Glass solar rooftop project

    SirajPower, a leading distributed solar energy provider in …