ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been appointed as a primary dealer for the Federal Treasury Sukuk Programme. This new programme has been launched by the federal government of the UAE, through the Ministry of Finance (MoF) and aims to issue Sukuk through Shariah-compliant structures as approved by the Higher Shari’ah ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to finance a project aimed at providing potable water to the city of Kiffa, which will be sourced from the Senegal River. The contribution from the ADFD towards this strategic project amounts to AED110 million ($30 million). The total value of ...

SHARJAH / WAM Air Arabia (PJSC), the Middle East & North Africa’s largest low-cost carrier, has reported a strong first quarter in both financial and operational terms, recording a net profit of AED342 million for the first three months ending on March 31, 2023, which represents a 17 percent increase compared to the AED291 million profit recorded in the same ...