Dubai / WAM Emirates Islamic, a Dubai-based Islamic financial institution, on Tuesday announced that it had successfully closed the issuance of a US$750 million 5-year sukuk from its US$2.5 billion Certificate Issuance Programme. The issue, which will be listed on NASDAQ Dubai and the Irish Stock Exchange, received overwhelming investor interest from across the globe and marked the bank’s return ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) conducted a ground-breaking ceremony for the first phase of the Smart Grid Station (SGS) at DEWA’s green vehicle workshop in Ruwayyah, in partnership with Korea Electric Power Company (KEPCO). This new achievement reflects DEWA’s efforts to achieve the Smart Dubai initiative, launched by ...

  Abu Dhabi / WAM The CEO Advisory Council of the UAE Banks Federation, the professional body representing 49 banks in the UAE, on Tuesday held its second regular meeting for this year, and reviewed progress made on the “Modus Operandi”, the initiative recently launched by UBF to rescue and support SMEs and corporates indebt. The meeting which was chaired by ...