Sharjah / EMIRATES BUSINESS Sharjah Islamic Bank (SIB), a leading shariah compliant commercial bank in the UAE, successfully repaid a USD 400 million sukuk. The Sukuk was raised in May 2011 under challenging market circumstances. The funds raised under the sukuk were used for general corporate purposes and business expansion of SIB. Mohamed Abdulla, CEO of SIB, thanked the …

  DUBAI / WAM Secretary-General of the Federation of UAE Chamber of Commerce and Industry, Humaid bin Salim, said the UAE was at the top member of Organisation of Islamic Cooperation in terms of intra-OIC trade in 2014 with US$121.7 billion accounting for 15.2 per cent of the total intra-OIC trade. Turkey came second with $77.8 billion (9.7 per cent …

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, stressed that the strong and active presence of the UAE’s diplomacy in the regional and international arenas in terms of hosting numerous international agencies and conferences, as well as its active participation in international efforts to fight terrorism and …