ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced the issuance of the year’s first Chinese Yuan (CNY) in the Formosa bond market with a CNY 1.5 billion five-year bond at 3.15 percent. This deal also represents the lowest coupon paid by a Mena bank on a public CNH five-year issuance. The successful offering was upsized to CNY ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has signed a Memorandum of Understanding (MoU) with its counterpart in Zanzibar to enhance cooperation and encourage commercial ties between the business communities of both countries. The agreement was virtually signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Ali Suliman, Chairman of Zanzibar National Chamber of ...

DUBAI / WAM Smart Dubai has announced Dubai Customs as the latest entity to join its Government Resource Planning Systems (GRPS), which is already implemented across 72 government departments, benefitting more than 75,000 employees in the emirate. The GRPS offers an integrated bundle of secure, standardised, central solutions, and, starting from January 10 will allow Dubai Customs officials and employees ...