Dubai / WAM Emirates Islamic announced the successful completion of a $200 million syndicated Murabaha term financing for Ajman Bank PJSC. Al Hilal Bank, Dubai Islamic Bank and Sharjah Islamic Bank joined the transaction as Initial Mandated Lead Arrangers & Bookrunners alongside Emirates Islamic. Emirates Islamic played a key role in coordinating the financing which carries a two year tenor. ...

AJMAN / WAM Digital Ajman Government signed a joint cooperation agreement with IBM, on the sidelines of its participation at GITEX Technology Week 2017. The agreement will see IBM providing consulting and strategic planning services and determining both the processes and the technology requirements for Ajman’s Digital Government implementations. The agreement also aims to strengthen cooperation and coordination in the ...

ABU DHABI / WAM Saif Mohammed Al Hajeri, Chairman of Abu Dhabi’s Department of Economic Development (ADDED), and Hiroshige Seko, Japanese Minister of Economy, Trade and Industry, have discussed means to reinforce economic and investment cooperation between Abu Dhabi and Japan. During a meeting, the two sides discussed mutual cooperation in the investment field and the industrial sector by addressing ...