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Dubai poised for rapid contactless economy growth

Dubai / WAM The global contactless economy is booming, and companies based in Dubai Internet City (DIC) are playing an integral role in positioning Dubai as an incubator and exporter of innovative contactless technologies that have gained new importance as consumers move away from cash. Contactless services are seeing a steep rise in demand due to better user experiences and ...

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AUS, Ajman Transport Authority sign deal

SHARJAH / WAM The American University of Sharjah (AUS) has signed a Memorandum of Understanding (MoU) with the Ajman Transport Authority to enhance and facilitate collaboration between the two entities. Held virtually, the signing ceremony was attended by senior officials from both organisations, including AUS Chancellor Prof. Kevin Mitchell and Omar Mohammed Rashid Lootah, Director-General of the Ajman Transport Authority. ...

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Nadaq Dubai lists $600m sukuk by Kuwait’s AUB

Dubai / WAM Abdullah AlLanqawi, General Manager and Treasurer of Ahli United Bank (AUB) Kuwait, on Tuesday rang the Nasdaq Dubai market opening bell to celebrate the listing of a $600 million sukuk issued by the bank. The new listing has increased the total value of debt issuances listed on Nasdaq Dubai by Kuwaiti issuers to $1.51 billion. It has ...

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