SHARJAH / WAM Sharjah Islamic Bank (SIB) has successfully completed the issuance of a US$500 million senior unsecured Sukuk, reaffirming its strong market position and proactive funding strategy. Launched amid heightened market volatility and year-end liquidity pressure, the transaction underscores investor confidence in the bank’s solid fundamentals and disciplined approach to balance sheet management. The five-year Sukuk was priced at …

ABU DHABI / WAM As part of Microsoft’s $15.2 billion investment announcement in the UAE, Microsoft and G42 are deepening their strategic partnership to accelerate the nation’s digital transformation. The two companies on Wednesday announced a 200-megawatt (MW) expansion of datacenter capacity, delivered through Khazna Data Centres, a subsidiary of G42. This expansion is expected to start coming online before …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met today with His Excellency Ratu Naiqama Lalabalavu, President of the Republic of Fiji, to discuss ways to enhance bilateral ties to support the development goals of both nations. The meeting was held at Qasr Al Shati in Abu Dhabi during the Fijian President’s working visit to the …