BLOOMBERG  China’s megabanks are planning at least 40 billion yuan ($5.8 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025. Industrial & Commercial Bank of China Ltd (ICBC) and its three closest rivals are planning to tap domestic debt markets to sell a new category of total loss-absorbing capacity (TLAC) bonds …

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No. (9) of 2023 regulating the operations of autonomous vehicles in Dubai. The new law aims to accelerate Dubai’s smart mobility transformation, attract investments in the sector and provide a regulatory environment that facilitates …

DUBAI / WAM A total of 2,709 real estate transactions worth AED11.6 billion were conducted during the week ending on April 14, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 226 plots were sold for AED5.76 billion, 2,020 apartments and villas were sold for AED4.43 billion. The top three transactions were an AED3.87 …