Dubai Aerospace Enterprise hikes bond repurchase program by $300mln

The board of directors and shareholders of UAE-based airplane lessor Dubai Aerospace Enterprise (DAE) has authorised an additional $300 million for bond repurchases. The repurchase will be conducted through open market transactions, the company said in a statement on Wednesday. To date, DAE has repurchased approximately $1.13 billion of principal amount of its publicly traded […]

Dubai among the fastest-growing cities for the super-wealthy

Dubai is among the fastest-growing cities for the super-wealthy, according to Henley & Partners, which tracks private wealth and investment migration trends worldwide, and global wealth intelligence provider New World Wealth. Dubai’s safe-haven status and low tax rates make it a magnet for migrating millionaires from around the world, it said. Approximately, 3,500 high-net-worth individuals […]

COP28 President-Designate meets with French President during global listening tour

Dr. Sultan Al Jaber, COP28 President-Designate, has concluded a two-day trip to Paris as part of his global listening tour. During his visit, Dr. Al Jaber met with French President Emmanuel Macron and key stakeholders across government and civil society. Dr. Al Jaber outlined his vision to drive climate action through mitigation, adaptation, climate finance […]