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Global outstanding sukuk market surged to $823 billion by Q3-23: Fitch’s Global Head of Islamic Finance

DUBAI/WAM Bashar Al-Natoor, the Global Head of Islamic Finance – Managing Director, Fitch Ratings, has projected a sustained uptrend in global sukuk issuance, with the market soaring to US$823.4 billion at the end of Q3-23, reflecting a robust 9.8% annual growth. Speaking to the Emirates News Agency (WAM), Al-Natoor attributed the surge to several key factors driving the adoption of ...

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Mohammed bin Rashid announces Lina Ghotmeh as GAM Architecture & Design Award winner

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has announced Prof. Lina Ghotmeh, architect and professor of architecture, as the winner of the first Great Arab Minds (GAM) award in the architecture and design category, in recognition of her timeless contributions to global architecture. In a tweet published on his official ...

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ADDED unveils platform to enhance manufacturers’ access to financing

ABU DHABI/WAM The Abu Dhabi Department of Economic Development (ADDED) has launched ‘Business Financing Facilitation Platform’ to enhance manufacturers’ access to financing and achieve objectives of the Abu Dhabi Industrial Strategy (ADIS), aiming to strengthen the Emirate’s position as the region’s most competitive industrial hub. The platform is a new addition to the Financial Ecosystem Programme, designed by ADDED’s Industrial ...

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