Business & Money | Thursday 11 January, 2024 2:04 pm

FAB issues first Sukuk globally in 2024

First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779%. This issuance marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. The final spread for the Sukuk was set...

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Business & Money | Thursday 11 January, 2024 1:59 pm

Borouge signs AED160 million supply agreement with NAFFCO

Borouge Plc today announced the signing of an AED160-million agreement with NAFFCO, a UAE-based manufacturer and supplier of fire protection systems, to supply NAFFCO’s local and regional infrastructure projects with Borouge’s innovative and sustainable polyethylene (PE100)...

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Technology & IT | Thursday 11 January, 2024 1:42 pm

Azizi Developments, DAB Pumps S.p.A. extend partnership for fourth phase of ‘Riviera’ and ‘Amber’

Azizi Developments, a leading private developer in the UAE, has extended its partnership with DAB Pumps S.p.A, the renowned Italian manufacturer of water movement technologies, for the supply of transfer, booster, and sump pumps for six buildings in the fourth phase of Azizi’s mega-project...

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Tourism & Hospitality | Thursday 11 January, 2024 12:35 pm

SUN SIYAM IRU VELI HONORS MALDIVIAN HERITAGE THROUGH EXQUISITE COCONUT OIL CRAFTING

Sun Siyam Iru Veli embarked on a captivating journey into the heart of Maldivian heritage, honoring tradition and culture through a mesmerizing coconut oil making event. Guests found themselves immersed in an enchanting experience, personally partaking in the age-old art of coconut oil...

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Business & Money | Thursday 11 January, 2024 10:15 am

Saudia has Obtained a License to Provide Hajj Services for Pilgrims in Makkah, Medina, and Holy Sites

Saudia Hajj and Umrah, a subsidiary of Saudia Group, dedicated to enhancing the experience for pilgrims, has obtained a license from the Ministry of Hajj and Umrah to serve 10,000 pilgrims. The announcement follows the recent launch of Saudia Hajj and Umrah, signifying a groundbreaking moment...

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Healthcare | Thursday 11 January, 2024 10:08 am

Abu Dhabi Stem Cells Center Partners with Japan-based Kyoto University and Rege Nephro

Abu Dhabi Stem Cells Center (ADSCC) has announced today a groundbreaking joint research agreement with one of Japan and Asia's top research institutions, Kyoto University - Center for iPS Cell Research and Application (CiRA), and Rege Nephro, a Japan- based biotech company that...

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Business & Money | Thursday 11 January, 2024 9:48 am

Forbes Middle East ranks Abdullah Al-Bader among the Top CEOs in the Middle East 2023

Forbes Middle East has recognized Abdullah Al-Bader, the CEO of Almarai, as one of the top 100 CEOs in the Middle East in its annual list, 'Most Powerful CEOs in the Middle East 2023. Almarai, under Al-Bader's leadership, solidified its position over the last three years,...

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Tourism & Hospitality | Thursday 11 January, 2024 1:39 am

NEOM announces Aquellum, a futuristic lifestyle community within a mountain haven

The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within the mountains, and the latest striking addition to the ongoing regional development in northwest Saudi Arabia. With its foundations steeped in cutting-edge technology, avant-garde...

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Government | Wednesday 10 January, 2024 3:26 pm

Sharjah Crown Prince appoints Sharjah Municipal Affairs new director

H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Sharjah Executive Council, issued Council Resolution No. 1 of 2024 regarding appointing a Director of the Sharjah Department of Municipal Affairs. The decision stipulated that Sheikh ...

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Business & Money | Wednesday 10 January, 2024 3:21 pm

Federal Tax Authority collaborates with Etihad Credit Bureau to enhance tax compliance

The Federal Tax Authority (FTA) has signed a membership agreement with Etihad Credit Bureau, the federal entity mandated with regularly collecting credit information from financial and non-financial institutions in the UAE, to strengthen bilateral cooperation and benefit from the Bureau’s...

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