DUBAI / WAM Nasdaq Dubai on Wednesday welcomed the listing of a $1 billion Sukuk issued by the Emirate of Sharjah. The Emirate’s total Sukuk value listed on the Middle East’s financial exchange has now reached $3.45 billion. The joint lead managers for the latest Sukuk listing were Arab Banking Corporation, Dubai Islamic Bank, HSBC Bank, KFH Capital Investment Company, ...

RAS AL KHAIMAH / WAM The Emirate of Ras Al Khaimah has made “noteworthy strides” in ease of doing business, a World Bank report has noted. According to the ‘Doing Business 2019 in Ras Al Khaimah’ report, the emirate has shown “significant improvement” as a result of reforms introduced by federal authorities in four areas: starting a business, dealing with ...

Abu Dhabi / WAM The UAE has changed the direction of its diplomatic and government efforts to promote the concept of tolerance, by adopting ‘Tolerance Accelerators’, which seeks to reduce extremism and intolerance. The terrorist attacks against two mosques in New Zealand, which resulted in 50 casualties, confirmed the importance of the ‘Human Fraternity Document’ signed by Pope Francis, Head ...