DUBAI / WAM Noor Bank successfully priced its debut perpetual US$ 500 million Tier 1 capital issuance. In the midst of multiple regional issuers on the road looking to raise capital market funding, Noor Bank was able to print its inaugural AT1 Sukuk at a very competitive pricing on the back of strong investor demand. This was the first ...

  Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Airports’ Procurement department has been named the Middle East’s “Procurement Team of the Year” by the Chartered Institute of Procurement and Supply (CIPS), at the Middle East Supply Management Awards 2016. The award is among the most prestigious recognitions the procurement and supply chain arm of an organization can receive. The CIPS ...

  DUBAI / WAM The Expo 2020 Dubai on Sunday announced Emirates Airline as its Official Airline Partner. The partnership agreement, which was signed by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, and Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation and Director-General of Bureau Expo Dubai 2020, links ...

  DUBAI / WAM In implementation of directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, instructed that the Star Rating System for all service delivery channels be applied in all Government of Dubai services centres within ...

  ABU DHABI / WAM Abu Dhabi Ship Building (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial boats and ships, appointed SNO Yachts International, a leading marine sales and service provider in Italy, as its sales agent in Italy to market small boats and landing crafts built by ADSB. The agreement was signed ...

  CAIRO / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, visited the UAE consular section and visa-issuance centre, opened recently in the Egyptian capital. The centre, the fifth to open outside the UAE, will speed up issuance of Emirati visas for Egyptian and expatriates and streamline entry of Egyptian workers to the UAE through e-gates ...

  ABU DHABI / WAM A high-level UAE delegation, headed by Saqr bin Ghobash Saeed Ghobash, Minister of Human Resources and Emiratisation, will participate in the 105th session of the International Labour Conference, which will be held from May 30 to June 10 in Geneva, under the banner, “Building a future with decent work”. The UAE delegation include will include ...

  DUBAI / WAM The UAE will host the United Nations Environment Programme Finance Initiative (UNEP FI) 2016 roundtable in October, Dr Thani Al Zeyoudi, Minister of Climate Change and Environment, announced at the Second UN Environment Assembly (UNEA). The event, which will take place from October 25-27, will bring together than 400 representatives from financial, governmental and civil organisations ...

  Dubai / WAM DP World on Sunday announced that the company has raised $1.2bn in a new 7-year sukuk set to be listed on NASDAQ Dubai, the Middle East’s international financial exchange. The issue received strong investor interest and was 2x oversubscribed receiving more than $2bn in bids. The new sukuk issue followed DP World’s successful refinancing of over $1.1bn ...

  Dubai / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, received President Idriss Deby of Chad in Zabeel Palace on Sunday, along with his accompanying delegation. In the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Sheikh Mohammed welcomed President Deby and stressed ...