ABU DHABI/ WAM First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779%. This issuance marks the first Sukuk issued globally in 2024 and stands as the region’s first offering for the year. The final spread for the Sukuk was set at 85 basis points over ...

SHARJAH/ WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri Decree appointing Head of the Documents House in the Emirate of Sharjah. The Decree stipulated that Sheikh Khalid bin Ahmed bin Sultan Al Qasimi, Director-General of the Department of e-Government in Sharjah, will be transferred to the Documents House ...

ABU DHABI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has approved the establishment of a specialised medical city dedicated to women and children’s health in Abu Dhabi. The medical city will include Sheikh Khalifa Medical City (SKMC) as a Centre of Excellence (CoE) for paediatric ...