April, 2023

• 6 April

  Emirates NBD arranges $1b inaugural sukuk for Al Rajhi

  

  DUBAI / WAM Emirates NBD has successfully priced a $1 billion senior unsecured sustainable sukuk for Al Rajhi Bank, the world’s largest Islamic bank by assets and market capitalisation. The five-year Sukuk which was priced at a reoffer yield of 4.774 percent generated strong demand, attracting orders of over $3.75 billion. The robust order book allowed Al Rajhi to tighten ...

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• 6 April

  Abu Dhabi’s Borouge inks deal to expand footprint in East Africa

  

  ABU DHABI / WAM Borouge Plc, a petrochemical company that provides innovative and differentiated polyolefin solutions, has entered into a Distribution Agreement with one of the biggest polyolefin distributors in East Africa, Somochem. The agreement builds on a long-standing partnership between Borouge and Somochem and aims to increase Borouge’s footprint and presence in East Africa. The development comes on the ...

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• 6 April

  Etihad marks milestone in first 787 MPL programme

  

  ABU DHABI / WAM Etihad Airways has achieved a significant milestone by completing the “Base Training” of the first of its cadet pilots on an actual Boeing 787 Dreamliner as part of its Multi-Crew Pilot License (MPL) programme. The “Base Training” flights are supervised by qualified instructors and train cadet pilots on take-off and landing techniques. Upon completion of this ...

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• 6 April

  Agreement signed to boost enterprise security in UAE

  

  DUBAI / WAM Moro Hub, a subsidiary of Digital Dewa, has partnered with BeyondTrust, a global leader in intelligent identity and access security. The collaboration will allow the two companies to offer customised Privileged Access Management (PAM) solutions that cater to the specific needs of enterprises in the region. As part of the agreement, Moro Hub will be able to ...

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• 6 April

  Dubai Land Department named official sponsor of IPS 2024

  

  DUBAI / WAM The Dubai Land Department (DLD) has announced its sponsorship of the 20th edition of the Dubai International Property Show (IPS 2024), which will take place from February 27-29, 2024 at the Dubai World Trade Centre. The event aims to bring together real estate and property development experts, specialists, and industry leaders to showcase local and global real ...

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• 6 April

  DXB welcomes Cyprus Airways’ inaugural flight from Larnaca

  

  DUBAI / WAM Dubai International (DXB) welcomed Cyprus Airways’ inaugural flight from Larnaca, which arrived at Terminal 1. The carrier is operating three weekly flights between the two destinations on a 180-seat capacity Airbus A320 aircraft. Connecting Cyprus to the UAE, the route is expected to generate multiple connectivity options with the Middle East, Far East and other global destinations ...

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• 6 April

  ‘UAE delegates’ unite to make COP28 the most youthful and inclusive

  

  DUBAI / WAM The United Arab Emirates’ Youth Climate Delegates have concluded their first official meeting at Dubai Youth Hub. This meeting marked a significant milestone for youth involvement in COP28, as key stakeholders in the UAE’s youth and climate space came together to collaborate with the delegates and engage them in activities leading up to COP28. The delegates engaged ...

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• 6 April

  Adib provides AED1 billion in SME financing in 2022

  

  ABU DHABI/ WAM Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, has announced the release of its second environmental, social, and governance (ESG) report emphasising the progress made on the bank’s EGS goals and commitments for the year 2022. The report also highlights a new three-year ESG strategy to integrate ESG risks considerations into the banking framework and ...

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• 5 April

  Mohammed bin Rashid meets with committee leading Great Arab Minds initiative

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Wednesday highlighted the potential of Arab talent to lead scientific and cultural advancements. His Highness expressed his confidence in their ability to enrich civilisational development and scientific progress. Sheikh Mohammed said, “We recognise the importance of fostering opportunities for creative Arab ...

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• 5 April

  Abu Dhabi Airports, Jetex to boost Abea’s VIP experience

  

  ABU DHABI / WAM Abu Dhabi Airports, the operator of the emirate’s five airports, has finalised a new partnership with Jetex, a leader in executive aviation services, to enhance the VIP passenger experience at Al Bateen Executive Airport (ABEA). A major milestone in Abu Dhabi Airports’ strategy to further develop the business aviation offerings at the airport, Jetex will assume ...

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