Shuaa Capital Lead Manager And Underwriter For Dar Al Takaful Rights Issue
SHUAA Capital, the UAE’s premier financial services firm, has been selected as Lead Manager and Underwriter for Dar Al Takaful’s proposed rights issue. The Dubai Financial Market-listed Islamic insurer recently announced plans to raise AED 50 million through a rights issue. Proceeds will be used to maintain Dar Al Takaful’s capital requirements, strengthen its balance sheet and support its growth plans. The issue, starting from 20th April 2017 will have National Bank of Abu Dhabi acting as the Receiving Bank.
Top CEO Awards recognises industry heads whose achievements are driving the GCC economy
Hussain Sajwani, Founder, Chairman and CEO of DAMAC Properties, a leading luxury real estate developer in the region, took first place amongst real estate CEOs and ranked number 11 on the list of 100 regional CEOs in the Top CEO Awards 2017, held in Jeddah recently. Organised by TRENDS magazine in conjunction with INSEAD business school, the Top CEO Awards 2017 paid tribute to 100 business leaders whose efforts toward the success of their organisations are instrumental in the continued growth of the GCC and have excelled in the field of leadership.
UAE-Saudi trade reaches AED84 billion
Trade between the UAE and Saudi Arabia currently accounts for AED84 billion, while the total value of Emirati projects in Saudi Arabia is estimated at AED15 billion, according to Sultan bin Saeed Al Mansouri, Minister of Economy. "The UAE and Saudi Arabia enjoy huge export potential and are the two biggest economies in the Arab world, with a combined Gross National Product of US$2 trillion," he said.
How To Relax and Indulge in Luxury in Dubai
Dubai is a metropolitan city globally famous for its luxury and lavish standard of living. The city has gained popularity which is constantly increasing day by day since the discovery of oil. The city is also famous for the tallest building, fantastic beaches, and luxury yachts just to name a few. The best part is that you can own a yacht for some time in Dubai and explore the beautiful warm waters and the astounding coastline.
Dubai International Academic City celebrates 10 years of landmark growth and higher education achievements
Dubai International Academic City, DIAC, this week marked 10 years of growth and achievements in the field of higher education, attributing its success to attracting academic partners focused on providing high-impact education. With the highest concentration of International Branch Campuses, IBC’s, in the world, and a plethora of opportunities and state-of-the-art facilities, Dubai has emerged as a world class education hub for domestic and overseas students seeking international experience from reputed universities from around the world.
Liquidity pressures in Arab oil-exporting countries expected to ease in 2017 and 2018
In 2017 and 2018, liquidity pressures in the Arab oil-exporting countries are expected to ease in light of the anticipated rise in oil prices, which will support the level of deposits and provide an opportunity to channel greater credit to non-oil sectors to increase output and economic diversification levels, the Arab Monetary Fund (AMF) predicted in its latest report, released on Wednesday.
The Importance of Investment Management in the Current Climate
Back in 2013, banking giant HSBC commissioned a global study to explore the crippling failure to save for retirement. Taking in 15,000 respondents across the UK, Europe and the U.S., the results were staggering, as they revealed that while the average retirement lasted for 18 years the typical pensioner was only able to provide financial coverage for 10.
Trip To Dubai: The Ultimate Guide On What Not To Miss
Dubai is one of the most loved tourist destinations of people from all over the world. The way the city transformed itself from a desert into a metropolitan after the discovery of oil is commendable. The city has some the best architectural marvels of the modern world. Dubai is famous for its desert, sea the Burj Khalifa and a lot more. People take a break from their busy life and work to enjoy some time either with friends, family or even solo.
Apartments Near the Dubai Metro still a Great Deal According to Observers
Since the construction of Dubai’s new metro system, lots of new investors, real estate developers, and first time homebuyers have shown increased interest in the area. The new railway system has completely changed the living habits of many inhabitants and has prompted many to choose to live closer to major train stations for the many advantages these prime locations offer. But, as it is the often the case, these new pieces of prime real estate come with a steep price tag.
Arab countries produce 15.5 percent of world gas production
The Arab region now produces 15.5 percent of the world gas production, an increase of 11.8 percent from the year 1980's levels, according to the Organisation of Arab Petroleum Exporting Countries, (OAPEC). Kuwait News Agency, KUNA, quoted Engineer Wael Abdul Mo'ti, gas industries expert at the Technical Affairs Department, OAPEC, as saying that Arab countries' natural gas production has significantly been growing since early 1980s through 2015, clocking an annual growth of 7 percent. The expert made the statements on the sidelines of the second day of the 24th Forum on Fundamentals of Oil and Gas Industry, organised by OAPEC in Kuwait.
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