DUBAI/WAM Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate issuance programme. In a statement on Monday, Nasdaq Dubai said, “This is a significant listing, as it marks the first-ever Sustainability Sukuk to be issued in Kuwait in …

VIENNA/WAM The Organisation of the Petroleum Exporting Countries (OPEC) said the UAE’s economy continues to demonstrate robust growth, particularly within non-oil sectors such as real estate, tourism, and manufacturing. In its Monthly Oil Market Report (MOMR) for August 2024, housing, water, electricity, gas, and other fuels – constituting over 40 percent of the Consumer Price Index (CPI) – saw a …

ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent an inspiring message for the youth for International Youth Day. His Highness Sheikh Mohamed took to social media platform X, formerly Twitter, to extend his wishes. His Highness Sheikh Mohamed said, “On International Youth Day, we celebrate the important role of youth in …