SHARJAH / WAM Bank of Sharjah has acted as a Joint Lead Manager in the successful issuance of a $750 million, 10.5-year US dollar-denominated 144A/Reg S Sukuk for the Government of Sharjah, alongside other international and regional banks. The issuance received strong interest from investors, with a peak order book of $2.6 billion, underscoring the global confidence in the Government ...

DUBAI / WAM Dubai Chambers has signed a memorandum of understanding (MoU) with Dubai Islamic Bank (DIB) to enhance the banking services available to the business community and support the local and global expansion of Dubai-based companies. Under the terms of the MoU, the two parties will cooperate to provide value-added banking services to the local business community, as well ...

ABU DHABI/WAM The Abu Dhabi Real Estate Centre (ADREC), launched by the Department of Municipalities and Transport to regulate the real estate sector in the emirate, has unveiled a comprehensive plan aimed at increasing foreign direct investments (FDIs), attracting international investors, and boosting their confidence in the emirate’s real estate market. The plan seeks to enhance Abu Dhabi’s status as ...