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Emirati, int’l coders to drive UAE’s future: DP World

  DUBAI / WAM DP World, the leading provider of worldwide smart end-to-end supply chain logistics, has been progressing its initiative to develop the capabilities of Emirati and international coders, developers, and engineers to drive the future of the UAE. The initiative is part of its overarching strategy to deploy industry-leading technology to broaden its vision of a digitised, more ...

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New Adib global sukuk fund raises AED587mn

  ABU DHABI / Gulf Time Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has raised over AED587 million ($160 million) through its new flagship fund, the ADIB Global Sukuk Fund which was launched in October 2021. The fund offers investors an opportunity to invest in a diversified portfolio of regional and international sukuk instruments. It is designed ...

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IHC’s unit inks sale and purchase deal with RAK cement company

  ABU DHABI / WAM Apex Holding, a subsidiary of International Holding Company (IHC), and a diversified operating holding company investing across multi sectors, has agreed to Ras Al Khaimah Cement Investment (Rakcic) sale and purchase deal. The transaction was approved by the board members of Rakcic, and subject to regulatory approvals. Through this agreement, Ras Al Khaimah Cement Investment ...

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