Dubai / WAM Dubai Islamic Bank (DIB) has successfully priced its second Sustainable Sukuk – a landmark $1 billion 5.5-year senior issue with a profit rate of 4.80 percent per annum, representing a spread of 102.4 bps over 5-Year US Treasuries. The sukuk was issued in line with DIB’s Sustainable Finance Framework, which was created to facilitate financing of ...

Dubai / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met a number of world leaders, officials and heads of delegations participating in the World Government Summit (WGS) 2023, which kicked off on Monday in Dubai. His Highness Sheikh Mohamed held separate meetings with HH Sheikh Ahmad Nawaf Al Ahmad Al Sabah, Prime Minister of Kuwait; Maeen Abdulmalik ...

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) announced its financial results for the fiscal year 2022, with a total revenue of AED2.8 billion, and with a remarkable growth of 13.3 percent compared to 2021. The company has recorded a net profit of AED1.001 billion, representing an increase of 7 percent compared to the previous year. The company ...