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Ras Al Khaimah Government completes $1b sukuk issuance

RAS AL KHAIMAH/WAM The Government of Ras Al Khaimah, acting through the Investment and Development Office of Ras Al Khaimah, successfully closed its offering of a 10-year $1 billion senior unsecured sukuk at a profit rate of [5.038%] on March 5 2025. The Government of Ras Al Khaimah tapped the international debt capital market after 10 years and the issuance ...

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Ministerial Development Council reviews key government policies, initiatives

ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, chaired the meeting of the Ministerial Development Council at Qasr Al Watan in Abu Dhabi. The Council reviewed progress on government programmes and projects, discussing several regulatory decisions submitted by federal ministries and entities. The meeting agenda covered proposed ...

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Kerno inks deal with DDN to boost AI, HPC across UAE

DUBAI/GULF TIME Kerno, the UAE’s pioneering manufacturer of enterprise-class infrastructure solutions, has just signed a memorandum of understanding (MoU) with DDN, the global leader in artificial intelligence (AI) and data intelligence solutions, to develop next-generation data factory solutions — these solutions will be specifically engineered to meet the needs of enterprise, government and research institutions in the United Arab Emirates ...

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