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Shuaa Capital launches three Sharia-compliant funds in ADGM

DUBAI / WAM Shuaa Capital has launched three Sharia compliant funds and already secured $75 million of commitments. The Shuaa High Yield Sukuk Fund, Nujoom Aggressive Fund and Nujoom Balanced Fund – the first Sharia-compliant funds within an ICC umbrella to launch in the Abu Dhabi Global Market (ADGM) – are breaking ground as part of Shuaa’s fund platform rolled ...

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Covid-19: UAE reports 1,001 new recoveries

ABU DHABI / WAM The Ministry of Health and Prevention (MoHaP) announced that it conducted 108,906 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHaP announced 1,041 new coronavirus cases, bringing the total number of cases in the UAE to 98,801. MoHaP also noted an additional 1,001 individuals ...

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‘Invest in Dubai Real Estate’ to take place in November

Dubai / WAM The Dubai Land Department (DLD), through its Real Estate Promotion and Investment Management Sector, in cooperation with Strategic Holding, launched the “Invest in Dubai Real Estate” initiative, the virtual destination for the real estate industry and the latest and most prominent real estate promotion initiatives in Dubai. The initiative is set to unveil interactive features from November ...

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