Abu Dhabi / WAM The Abu Dhabi Islamic Bank (ADIB), a leading financial institution, signed an agreement to provide an $80 million Shariah-compliant Ijara facility to the Oman Shipping Company SAOC (OSC), a member of the ASYAD Group, for the financing of two VLCC (Very Large Crude Carriers) tankers within the OSC group. The transaction represents the OSC’s first Sharia-based ...

Abu Dhabi / WAM The number of trademarks registered in the UAE increased by 30.5 percent in December 2019 compared to November 2019, reflecting the country’s growing leadership as a regional business centre in the Gulf Cooperation Council (GCC), and throughout the Middle East. The UAE is ranked first in the Middle East and second in the world in attracting ...

DUBAI / WAM The Dubai Gold and Commodities Exchange (DGCX), on Sunday announced that it broke its annual volumes and Average Open Interest (AOI), records last year, making 2019 the most successful year since its launch. The exchange traded 23.06 million contracts in 2019 beating its previous record of 22.26 million contracts traded in 2018 with DGCX’s wholly-owned clearing house, ...