Global outstanding sukuk market surged to $823 billion by Q3-23: Fitch’s Global Head of Islamic Finance

DUBAI/WAM Bashar Al-Natoor, the Global Head of Islamic Finance – Managing Director, Fitch Ratings, has projected a sustained uptrend in global sukuk issuance, with the market soaring to US$823.4 billion at the end of Q3-23, reflecting a robust 9.8% annual growth. Speaking to the Emirates News Agency (WAM), Al-Natoor attributed the surge to several key factors driving the adoption of ...

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Mohammed bin Rashid announces Lina Ghotmeh as GAM Architecture & Design Award winner

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has announced Prof. Lina Ghotmeh, architect and professor of architecture, as the winner of the first Great Arab Minds (GAM) award in the architecture and design category, in recognition of her timeless contributions to global architecture. In a tweet published on his official ...

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ADDED unveils platform to enhance manufacturers’ access to financing

ABU DHABI/WAM The Abu Dhabi Department of Economic Development (ADDED) has launched ‘Business Financing Facilitation Platform’ to enhance manufacturers’ access to financing and achieve objectives of the Abu Dhabi Industrial Strategy (ADIS), aiming to strengthen the Emirate’s position as the region’s most competitive industrial hub. The platform is a new addition to the Financial Ecosystem Programme, designed by ADDED’s Industrial ...

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UAE ranks first among Arab economies in competitiveness

ABU DHABI/WAM The United Arab Emirates has cemented its position as the most economically competitive nation in the Arab world, securing the top spot in the latest Arab Economic Competitiveness Index released by the Arab Monetary Fund (AMF). This dominant performance, highlighted in the seventh edition of the AMF’s Arab Economic Competitiveness Report, underscores the UAE’s sustained progress across crucial ...

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Moro Hub presents General Secretariat of Dubai Executive Council with green certificate

DUBAI/WAM Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to The General Secretariat of Dubai Executive Council. The certificate was presented to Sabah Al Shamsi, Director of Corporate Services at The General Secretariat of Dubai Executive Council by Mohammad Bin Sulaiman, Chief Executive Officer of Moro Hub. ...

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Nahyan bin Mubarak emphasises strengthening identity and innovation in UAE’s youth

ABU DHABI/WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Chairman of the Board of Directors at Sandooq Al Watan, has emphasised that all initiatives undertaken by Sandooq Al Watan resonate with the wise vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, who places utmost importance on the nation’s youth, especially school and ...

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Ahmed bin Saud attends opening of ‘Ras Al Khaimah Heritage Day’ festival

RAS AL KHAIMAH/WAM) — Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of the Public Services Department in Ras Al Khaimah, on Thursday attended the opening of the second edition of Ras AlKhaimah Heritage Days, which runs until 25th December. The event, held under the patronage of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler ...

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H.E. Dr. Khalifa Saif Al Mehairbi Honored as Best Global Real Estate Person 2023

DUBAI/ GULF TIME The Golden Entrepreneur Awards honored the Emirati businessman H.E.Dr. Khalifa Saif Al Mehairbi, Chairman of the Board of Directors of the Arab Gulf Investments Company, with the award for the Best Global Real Estate Person 2023. Additionally, the Arabian Gulf Investment Company was awarded the title of the Best Real Estate Investment Company 2023.The prestigious awards were ...

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An Innovative Expert in Medicine, Nutrition & Food Science Reveals a Groundbreaking Non-Surgical Fat Removal Solution

DUBAI/ GULF TIME With her unique approach derived from personal experience and extensive expertise, Cosmina Moldovanu, a distinguished professional with a remarkable background in health, food science, and aesthetics, is revolutionizing the world of non-surgical fat removal. Embarking on the Journey of Transformation and Discovering the Secret Armed with an impressive array of degrees, including a BSc in Medicine, Nutrition ...

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Canadian consumers slow their spending as rates bite

BLOOMBERG Canadian consumers likely slowed down their spending in November after splurging the previous month, as high interest rates restrict household budgets. Receipts for retailers were flat last month, according to an advance estimate from Statistics Canada released. That followed a 0.7% increase a month earlier, slightly below a median estimate of 0.8% in a Bloomberg survey of economists. Still, ...

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