Green and sustainable sukuk to drive growth in the Islamic finance market, with global green, social, and sustainability bond issuance reaching a record high of $298 billion
National Holding, an Abu Dhabi-based investment firm, has acquired a 7.6% stake in Abu Dhabi Islamic Bank (ADIB) from Mubadala Investment Company, Abu Dhabi’s second-biggest sovereign wealth fund. The transaction was carried out by Emirates International Investment Company (EIIC), the strategic investment arm of National Holding. The move brings EIIC’s total shareholding in ADIB to […]
The recent recovery in Dubai’s real estate market, as weekly transactions reach Dh10.4 billion, according to figures released by the Dubai Land Department (DLD).
The UAE’s ambition to establish itself as the next Silicon Valley and a hub for AI technology has been gaining momentum in recent years.
Dubai Aerospace Enterprise (DAE) has reported a 49% increase in profit before exceptional items at $69.2 million in the first quarter of 2023.
The Commercial Bank of Dubai’s strong financial performance in Q1 2023 highlights the resilience of the banking sector in the UAE, despite the pandemic.
The recent sale of a Dh200 million mansion at the Majid Al Futtaim in Dubai has set a new price benchmark for luxury properties in the emirate.
The real estate sector in Abu Dhabi has recorded property sales and mortgages worth Dh27.9 billion in the first quarter of 2023.
The rental market in Dubai during the first quarter of 2023, with a focus on popular locations such as Dubai Marina and JBR.
The latest report on the Saudi Arabia PMI indicates an improvement in non-oil business activities in the country in April 2023.