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AED 72 billion of Islamic bonds, sukuk listings on Abu Dhabi market: SCA

ABU DHABI/WAM The Securities and Commodities Authority (SCA) announced its approval for the listing of 16 tranches linked to bonds and Islamic sukuk, with a total value of $19.55 billion (AED72 billion), on the Abu Dhabi Securities Exchange’s “Secondary Listing Market” during 2023. The authority clarified, according to the latest released statistics that the listings included 10 regular tranches and ...

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Mohammed bin Rashid issues decrees appointing Chief Justice, judges at DIFC Courts

DUBAI/WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No (58) of 2024, appointing Judge Wayne Stewart Martin as the Chief Justice of the Dubai International Financial Centre Courts. This decree, effective from September 12 2024, will be ...

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Salem Al Shueibi Dazzles Visitors with His Innovations at the Watch and Jewellery Middle East Show

GULF TIME Salem Al Shueibi Jewellery Establishment lit up the 54th edition of the Watch and Jewellery Middle East Show, which was inaugurated by His Highness Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi, Deputy Ruler of Sharjah. As the main sponsor of the show, the establishment presented a diverse range of luxury jewellery that catered to all tastes of ...

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EGA completes acquisition of majority stake in Spectro Alloys

ABU DHABI/WAM Emirates Global Aluminium, the largest ‘premium aluminium’ producer in the world, on Monday announced the completion of the acquisition of a majority stake in American aluminium recycling firm Spectro Alloys Corporation. The acquisition means that EGA now has production on four continents, from bauxite mining to aluminium recycling. Spectro Alloys adds significantly to EGA’s existing business in the ...

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UAE provides potable water to medical points in Gaza

ABU DHABI/WAM The United Arab Emirates continues to support the brotherly Palestinian people in overcoming the humanitarian challenges faced by the residents of the Gaza Strip. The Operation Chivalrous Knight 3 team distributed potable water to medical points and areas where displaced people have gathered in Khan Yunis as part of a campaign aimed at alleviating the suffering of patients ...

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Abu Dhabi SME Champions awards AED88.6m in procurement deals in H1

ABU DHABI/WAM The Abu Dhabi SME Champions programme, launched by the Abu Dhabi Department of Economic Development (ADDED) in 2023 to boost SME participation in procurement opportunities with large private companies (LCs) and government-related entities (GREs), facilitated the award of AED88.6 million in procurement deals within six months of the programme’s commencement, surpassing initial expectations. During the pilot phase, the ...

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