DUBAI / WAM Nasdaq Dubai welcomed the listing of $500 million Sukuk issued by Dubai Islamic Bank (DIB). The additional Tier 1 (AT1) Sukuk was issued at a profit rate of 5.25 percent per annum and received strong investor demand, resulting in substantial oversubscription. This strategic issuance reinforces DIB’s leadership in the global Islamic finance sector, providing additional capital to …

KAZAN/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday attended the 16th BRICS Summit, inaugurated by His Excellency Vladimir Putin, President of the Russian Federation, in the Russian city of Kazan. This marks the UAE’s first participation in the summit as a full member of BRICS. The summit, chaired by Russia this year, is being held …

KAZAN/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met today with a number of world leaders and heads of delegations participating in the 2024 BRICS Summit, which is being held in Kazan under the chairmanship of the Russian Federation. His Highness held discussions with His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt; His …