DUBAI / WAM The 1st cycle of the Mohammed bin Rashid Al Maktoum, MRM, Business Innovation Award, launched by Dubai Chamber of Commerce and Industry in cooperation with the Ministry of Economy, has resulted in the adoption of new innovative strategies among businesses in the UAE and the wider GCC region. Preparations are currently underway to host an awards ...

  DUBAI / WAM Nasdaq Dubai welcomed Wednesday’s listing of US$1 billion Sukuk by Dubai Islamic Bank (DIB), on the region’s international exchange. This brings the total value of DIB’s Sukuk current listings on Nasdaq Dubai to US$4.25 billion, more than any other UAE issuer. DIB’s earlier Sukuk listings include a $1 billion listing in 2013, two listings of $750 ...

  Reuters Most Gulf stock markets rose on Wednesday on the back of strong global equity prices, while Egypt’s bourse continued to pull back on profit-taking, breaking technical support. The Saudi index added 0.6 percent as real estate developer Dar Al Arkan, the most heavily traded stock, climbed 2.5 percent. Utility Saudi Electric rose 2.7 percent. Saudi Arabian Fertilizer Co ...