DUBAI/ Reuters Abu Dhabi government-owned Al Hilal Bank has raised $100 million through a private placement of sukuk, or Islamic bonds, sources familiar with the matter said on Monday. The issue, led by First Abu Dhabi Bank, has a two-year maturity and offers 90 basis points over three-month London Interbank Offered Rate (Libor). The bank, an Islamic lender, issued a …

Dubai / Emirates Business Abu Dhabi International Airport (AUH) handled 11,928.609 passengers between January 2017 and June 2017, compared to 11,848,359 during the same period last year, registering an increase of 0.7%. As many as 1,763,103 passengers used the airport during the month of June 2017, registering as much as 5.3 % drop in traffic compared with the same month …

DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, visited the Expo 2020 Dubai Site Office and said he was encouraged by the developments on site. During the visit, His Highness was accompanied by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of …