In November last year, DIB priced its inaugural sustainable sukuk, a $750m five-year senior issue with a profit rate of 5.493 per cent per annum Dubai Islamic Bank (DIB) has successfully priced its second sustainable sukuk – a $1bn 5.5-year senior issue with a profit rate of 4.80 per...

The trials will be conducted at Burjeel Medical City, and will include clinical, radiologic, and laboratory assessments Abu Dhabi is set to begin two global clinical trials to transform the way thalassemia is being treated. With support of @DoHSocial , the third phase of global...

The initial network of vertiports will connect four main areas of Dubai: Downtown Dubai (Burj Khalifa area), Dubai Marina, Dubai International Airport and Palm Jumeirah Dubai is one step closer to welcoming “flying taxis” by 2026. Sheikh Mohammed bin Rashid Al Maktoum, Vice...

The first stage of the programme will see the launch of the Card Domestic Scheme, an instant payments platform, and the issuance of Central Bank Digital Currency The Central Bank of the UAE has launched the Financial Infrastructure Transformation Programme (FIT programme) to expedite...

The financing is provided in cooperation with Standard Chartered Bank Abu Dhabi Exports Office has closed two green finance agreements with Angola, valued at Dhs445m ($121.3m). The financing is being provided in cooperation with Standard Chartered Bank. One deal, valued at...

Deimos is the smaller and outermost of Mars’ two natural satellites The UAE’s ‘Hope Probe’ is transitioning to a new orbit around Mars to study one of the red planet’s moons. The announcement was made on February 9, marking two years since the Hope Probe reached Mars, becoming the...

The revenue for 2022 rose by 12 per cent YoY to Dhs1.97bn due to a significant increase in new customers and the delivery of new built-to-suit projects Tecom Group announced a record 28 per cent YoY increase in net profit to Dhs725.62m for the financial year ended December 31 2022. The...

Aldar’s group revenue in 2022 rose to Dhs11.2 billion, up 31 per cent year on year Aldar reported a 35 per cent increase in net profit to Dhs3.1bn for the year ending December 31, 2022. The company’s revenue in 2022 rose to Dhs11.2bn, up 31 per cent YoY, it said in a statement....

The carrier will introduce two new routes from its hub in Abu Dhabi to Copenhagen in Denmark and Dusseldorf in Germany Etihad Cargo, the cargo and logistics arm of Etihad Airways, will offer increased capacity to the European market with the introduction of two new routes from its Abu...

DEWA’s annual consolidated revenue increased 15 per cent to Dhs27.35bn in 2022 Dubai Electricity and Water Authority has announced a consolidated net profit of Dhs8bn for 2022, increasing 22 per cent over the previous year. Dubai Electricity and Water Authority PJSC achieves...