Recent Posts

Adnoc to seize opportunities to unlock value for its assets

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). Provisional figures show that over 80,000 viewers from around the world tuned into Adipec’s strategic ...

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DIB closes lowest ever yielding AT1 Sukuk

DUBAI / WAM Dubai Islamic Bank (DIB) has successfully priced a $1 billion Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 4.625 percent per annum. This transaction carries the lowest ever yield achieved by any bank globally on an AT1 Sukuk issue and is the only AT1 Sukuk from the GCC in 2020. Despite the turmoil ...

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Ministry unveils updated version of Chefaa portal

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has launched the new updated version of the smart patient portal dubbed “Chefaa” to serve the largest segment of patients of all age groups by showcasing treatment services provided by the ministry and other patient-centric services. The new platform will act as the digital communication between patients and service providers, ...

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