DUBAI / WAM Nasdaq Dubai on Wednesday welcomed the listing of a $500 million sukuk by Sharjah Islamic Bank (SIB). The capital raised will support SIB’s activities and strategic development to cater to its customers in corporate, investment and retail banking. In a statement on Wednesday, Nasdaq Dubai said that the five-year sukuk was subscribed 7.2 times by regional and ...

Abu Dhabi / WAM Hub71 has collaborated with two leading banks, Mashreq Bank and First Abu Dhabi Bank, to help identify and solve the pain points faced by startups. This follows the launch of Hub71’s whitepaper which explored the challenges that startups face when opening a UAE bank account. The whitepaper, titled: Rethinking Banking for Startups aims to foster collaboration ...

Abu Dhabi / WAM Thuraya, the mobile satellite services subsidiary of the UAE’s Al Yah Satellite Communications Company (Yahsat) has announced the signing of a partnership agreement with Telespazio, a joint venture between Leonardo (67 percent) and Thales (33 percent), to distribute its products and services worldwide. Telespazio customers in critical sectors such as government, maritime, energy and relief can ...