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DUBAI NEWS

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Nasdaq Dubai Welcomes Listing Of US$500 Million Sukuk By Sharjah Islamic Bank
Nasdaq Dubai today welcomed the listing of a US$500 million Sukuk by Sharjah Islamic Bank, SIB. The capital raised will support SIB’s activities and strategic development to cater to its customers in corporate, investment and retail banking.

UAE Proves Diversification Of The Economy In MENA Is Crucial
Middle Eastern economies are struggling to diversify. This is due to the fact that they have been over reliant on oil exports in the past decades, which has netted middle eastern countries huge revenues.

DFSA Publishes Cyber Thematic Review Report
The Dubai Financial Services Authority (DFSA) today publisheda thematic review report on cyber risks. The Report highlights a number ofimportant opportunities for operational risk management practices of Firms operating in the Dubai International Financial Centre (DIFC).

5 Untouched And Unaltered Natural Hidden Gems In The UAE
You want to visit the UAE. However, you don’t want to visit typical destinations this time around. You need destinations with less traffic and those that are only known to the locals.

Things You Should Know Before Visiting The UAE
In case you are looking for a breath-taking destination that will never fail to impress you no matter how many times you visit, you need to try the United Arab Emirates.

Emirates NBD Capital Successfully Closes IsDB’s Landmark US$1.5 Billion Sustainability Sukuk
Emirates NBD Capital Limited, the investment banking arm of Emirates NBD, announced that it has successfully closed Islamic Development Bank, IsDB’s first ever USD Sustainability Sukuk.

Dubai Municipality Signs Geospatial Infrastructure Service-Level Agreement
The Roads and Transport Authority, RTA, and Dubai Municipality have signed a Service-Level Agreement providing for enhanced cooperation in the geospatial infrastructure of Dubai.

Emaar Properties GA Approves Distribution Of Interim Dividends On A Semi-Annual Or Quarterly Basis
The added clause reads as follows: "Without prejudice to the above and subject to the approval of the General Assembly, the company may distribute interim dividends on a semi-annual or quarterly basis."

RTA Completes Construction Of Al Quoz Bus Depot
Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority, RTA, announced the completion of Al Quoz Bus Depot to support the daily movement of buses.

Winners For HIPA’s ’Faith’ Instagram Photo Contest Announced
The Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award, HIPA, has concluded the May edition of the Instagram Photo Contest themed ’Faith’.

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