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IsDB issues $1.5bn sukuk to support Covid-19 initiatives

DUBAI / WAM Nasdaq Dubai welcomed the listing on Sunday of a $1.5 billion sukuk issued by Islamic Development Bank (IsDB) to support Covid-19 relief initiatives. The capital raised will fund medical, social and business projects in many of the bank’s 57 member countries aimed at protecting health and improving lives. The sukuk is the second to be issued under ...

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Food security key to UAE’s social and economic development: VP

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has underlined the importance of food security as a key element of comprehensive development and highlighted UAE’s keenness to formulate plans and policies aimed at facilitating sustainable food production by utilising the latest in technology and innovative ...

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UAE, US discuss ties, efforts to contain Covid-19 impact

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and John Rakolta, US Ambassador to the United Arab Emirates, have discussed cooperation relations between the two countries. In a telephone call on Sunday, the two sides also reviewed the latest developments of Covid-19 outbreak and the importance of coordinating and unifying efforts to contain ...

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