ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib) announced on Wednesday that it has successfully raised $750 million in the world’s first dollar denominated additional tier-one (AT1) perpetual sukuk issued since March 2023. Adib, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the perpetual non-call, five and half-year sukuk …

ABU DHABI / WAM Agthia Group PJSC on Wednesday announced the launch of Agthia Ventures, a corporate venture capital (CVC) fund designed to expand Agthia’s innovation capabilities and create mutual value with startups as the company continues to drive profitable growth in both new and existing markets. Funded by Agthia and its parent company ADQ, Agthia Ventures will be managed …

DUBAI / WAM The National Programme for Artificial Intelligence, in collaboration with the National Programme for Coders, has launched the fifth edition of the UAE AI Camp, a five-day camp that aims to empower new generations with advanced technology, tools, and skills in artificial intelligence. The camp targets school and university students, as well as various groups of society. It …