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UAE takes part in 64th WIPO assemblies’ meetings in Geneva

GENEVA / WAM The UAE participated in the 64th series of meetings of the assemblies of the World Intellectual Property Organisation (WIPO) member states that took place in Geneva, Switzerland, until July 14. Dr Abdul Rahman Al Maeeni, Secretary-General of the Association Emirates Intellectual Property (Eipa), said, “Thanks to the directives and vision of its wise leadership, the UAE has ...

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Adib raises $750m in US dollar denominated AT1 sukuk

ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib) announced on Wednesday that it has successfully raised $750 million in the world’s first dollar denominated additional tier-one (AT1) perpetual sukuk issued since March 2023. Adib, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the perpetual non-call, five and half-year sukuk ...

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Agthia Group unveils $54 million corporate venture capital fund

ABU DHABI / WAM Agthia Group PJSC on Wednesday announced the launch of Agthia Ventures, a corporate venture capital (CVC) fund designed to expand Agthia’s innovation capabilities and create mutual value with startups as the company continues to drive profitable growth in both new and existing markets. Funded by Agthia and its parent company ADQ, Agthia Ventures will be managed ...

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