DUBAI/WAM Ajman Bank P.J.S.C., the first Islamic Bank incorporated and headquartered in the Emirate of Ajman, successfully priced a US$500 million 5-year Sukuk at a credit spread of 130 basis points over the United States treasury rate, which equates to a fixed profit rate of 5.125% per annum. The transaction garnered a high-quality orderbook peaking over US$2.7bn, representing a 5.4x ...

DUBAI/WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, launched the Dubai AI Academy, a major new initiative aimed at mainstreaming artificial intelligence (AI) education and advancing its adoption across vital sectors of the economy. The launch ...

DUBAI/WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, reaffirmed Dubai’s commitment to accelerating AI adoption to unlock new opportunities and consolidate its position as a global hub for AI enterprises, talent and innovation. His remarks came ...