The T-Sukuk auction will be followed by a listing on Nasdaq Dubai to promote secondary market trading along with primary dealers The UAE’s debut auction of dirham-denominated Islamic treasury sukuk (T-Sukuk) was oversubscribed by 7.6 times and attracted bids totalling $2.26bn...

Organisations and trusted entities will never ask for an OTP, the authorities clarified Dubai Police issued an alert on Twitter alerting the public against online scams. The video posted on Twitter shows a phone receiving a text message saying, “Dear customer your Bank account will be...

Abu Dhabi is the region’s busiest port for cruise visitors Abu Dhabi Cruise Terminal recorded more than 700,000 visitors arriving in the city during the 2022-23 season, according to AD Ports Group. The operator of local and international cruises said it was a significant increase...

Emirates fleet of over 300 aircraft by mid-2030 will offer expanded cargo flexibility, capacity and capability Emirates SkyCargo has added two Boeing 747-400Fs to its freighter fleet. The cargo division of Emirates, the international airline, is expecting 15 more freighters to...

Dubai Police account for 47% of drug-related arrests in the UAE, cocaine, heroin, meth marijuana confiscated Dubai Police seized cocaine, heroin, crystal meth, opium, marijuana, and hashish in the opening three months of the year. During Q1, the General Department for of...

Wahi expressed remorse for his actions and their effect on his friends and family US prosecutors described the instance as the first insider trading case involving cryptocurrency. US District Judge Loretta Preska sentenced Ishan Wahi, 32, in Manhattan federal court after the...

Dubai residents can now bid farewell to upfront rent payments as a new “rent now pay later” service introduces convenient monthly rent payment options, easing the financial burden and debt management for many expats Proptech startup Keyper is launching a “rent now pay later” service...

Dar Global’s DG1 tower is luxury developer’s first self-branded residence Dar Global has announced the launch of a new branded tower residence in Dubai. The luxury real estate developer will build its first own-brand luxury living concept, DG1 in the city’s Business Bay district....

The UAE Cabinet’s resolution has expanded ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island Abu Dhabi has issued UAE Cabinet Resolution No 41 (for 2023), expanding the jurisdiction of Abu Dhabi Global Market (ADGM), as part of its diversification strategy. The...

Abu Dhabi is booming with record GDP growth as non-oil contributes 50 per cent The Abu Dhabi economy is the fastest growing in the Middle East and North Africa, with a remarkable 9.3 per cent growth last year. Non-oil sectors contributed 50 per cent of GDP last year, with real...