Tag: Dubai
Dubai Islamic Bank secures $1 billion from its highly-valued Sukuk issue
Dubai Islamic Bank (DIB) has successfully secured a $1 billion extended 5-year Sukuk with a profit rate of 2.95% per annum, which is comparable...
Emirates NBD fetches investment worth $245 million from Bank of America
North Carolina based Bank of America has acquired 1.51% in Emirates NBD, Dubai’s largest bank.
Sources suggest that the purchase is likely done through market...
Dubai’s Economy taking baby steps towards recovery: IHS Markit Survey
The latest market survey from global information provider IHS Markit suggests that Dubai's Economy has taken small but significant steps towards a lengthy journey...
Dubai Duty Free offers a safe shopping experience
After being temporarily closed since March 25, Dubai Duty is now welcoming traveling passengers after the partial re-opening of its retail area in Concourse...
RTA takes a leap to Intelligent Transit Systems with ERTICO Membership
Dubai’s Roads and Transport Authority (RTA) has been confirmed as a member of the European Road Transport Telematics Implementation Coordination Organisation (ERTICO).
The move is...
Amazon unit launches AED1m initiative to help start-ups in UAE, Saudi...
Amazon-owned Payfort will spend up to $272k to support its start-up and small business clients battered by harder economic circumstances created by the coronavirus...
Dubai’s private sector will be responsibly back in business from today
It was confirmed under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler...
EMPG and OLX unite to create a $1 billion tech holding...
Dubai-based Emerging Markets Property Group (EMPG) and OLX, which has listings portals Dubizzle, have consolidated their MENA and South Asia operations to create a...
