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DUBAI / WAM Emaar Properties said on Tuesday it has signed final terms related to the issuance of a AED 1.84 billion ($500 million) Trust Certificates. Emaar said in a statement published on Dubai Financial Market website that the issuance is part of its $2 billion Trust Certificate Issuance Programme. The announcement of the 10-year sukuk carry an annual return ...

Bloomberg Oil plunged more than 6% in London after Reuters reported Saudi Arabia is close to restoring 70% of the oil production lost after this weekend’s attack. Brent crude dropped as low as $64.48 per barrel on the report, which cited an unidentified Saudi source saying it would return to full production in the next two to three weeks. Saudi ...

VIENNA / WAM The United Arab Emirates is taking part in the annual week-long General Conference of the International Atomic Energy Agency (IAEA), at the organisation’s headquarters in Vienna, Austria. The UAE delegation, led by Hamad Al Kaabi, UAE Permanent Representative to IAEA, includes various national stakeholders in the nuclear industry such as the UAE’s Federal Authority for Nuclear Regulation ...

DUBAI / Emirates Business Dubai International Financial Centre (DIFC), the leading financial hub in Middle East, Africa and South Asia (Measa) and home to largest, most advanced financial innovation ecosystem in the region is continuing to drive the future of finance and explore opportunities for strategic collaboration between the centre and key European hubs to accelerate sustainable growth. The centre ...

Dubai / Emirates Business The UAE Ministry of Education in collaboration with Messe Frankfurt Middle East are to host the Government Foresight Summit in Dubai from September 23-25, when regional and international government leaders, strategists, planners, futurists and IT specialists will share best practices to ensure future organisational readiness. The summit, held at Le Méridien Dubai Hotel & Conference Centre, ...

Dubai / WAM The UAE and Saudi Arabia are leading GCC-wide online searches relating to digital security and transformation over the last 12 months, according to new results released by SEMrush, an award-winning all-in-one digital marketing suite. The back-data study covered four key strategic digital terms: ‘digital transformation’, ‘digital marketing’, ‘cyber security’ and ‘computer security’, with the significant increases in ...

Dubai / Emirates Business Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, won the “Best Mobile Banking App Award” at the Global Finance’s 2019 World’s Best Consumer Digital Bank Awards at in Dubai. The award was received by Dr Bernd van Linder, CEO, Amit Malhotra, GM-PBG, Khaled Al Hammadi – Head of Sales & Distribution, ...

Abu Dhabi / WAM The National Election Commission (NEC), announced the locations of voting centres both inside and outside the UAE, stressing its readiness to receive voters during the FNC Election 2019. The list of polling stations approved for the main election day on October 5 includes 39 centres within the country, which are fully equipped to ensure a smooth ...

Dubai / WAM Dubai Land Department (DLD), said that the real estate sector significantly contributed to GDP growth in the Emirate. The improvement in economic growth rates in the Emirate of Dubai was accompanied by an improvement in the performance of the real estate sector, according to the DLD’s ‘Annual Report: Real Estate Sector Performance 2019’. The contribution of real ...

DUBAI / WAM Dubai South is set to highlight the latest developments in the Middle East’s rapidly growing e-commerce sector at the upcoming eCommerce Expo in Olympia, London, where it will be promoting the Logistics District and its recently launched fully dedicated e-commerce free zone, EZDubai. The eCommerce Expo is scheduled take place on September 25-26 and is considered UK’s ...