Sharjah / WAM The Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a memorandum of understanding (MoU) with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International Free Zone (Saif) to provide financial support to small and medium-sized enterprises (SMEs) and startups operating in either of ...

  Sharjah / WAM Arada, a property development company based in Sharjah, successfully completed the issuance of its first public financing deal, a $350 million sukuk, which has been listed on the London Stock Exchange. The five-year fixed rate RegS debut sukuk issuance was rated BB- by Fitch and B1 by Moody’s. The sukuk was priced at par with a ...

Dubai / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, on Wednesday announced that it signed a memorandum of understanding (MoU) with International Humanitarian City (IHC), the largest humanitarian hub in the world. The agreement entails the implementation of Masary, an e-gate pass system, at IHC to track and trace shipments within a ...