Dubai / WAM Majid Al Futtaim on Wednesday rang the market-opening bell at Nasdaq Dubai to mark the listing of the world’s first benchmark corporate green sukuk and the first green sukuk issued by a corporate in the region. Valued at $600 million and with a tenor of 10 years, green sukuk will be used to finance and refinance firm’s ...

Bloomberg Russia will join the Opec+ talks on Sunday having barely fulfilled its pledged production cuts, but keen to secure a share of any potential output increase. In recent months, Russia has indicated it would welcome a return to production growth, said analysts from Fitch Ratings Inc. and IHS Markit Inc. That’s back on the agenda after pledges by Saudi ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) signed gold sponsorship agre-ement for two years with The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), Region-At-Large (RAL) for its activities being held in Africa, the Middle East, South Asia (India, Pakistan, Bangladesh and Sri Lanka), and Turkey. “Empower seeks to reduce emissions by encouraging investors and owners of ...