ubs
May 17, 2023

UBS has highlighted a potential financial impact of $17 billion resulting from its acquisition of Credit Suisse.

UBS Group AG, in a regulatory presentation ahead of the completion of its takeover of Credit Suisse Group AG, has projected a significant financial impact of approximately $17 billion.

NDMC
May 17, 2023

Saudi Arabia’s NDMC has successfully raised $6 billion through the issuance of Islamic bonds, also known as Sukuk.

Saudi Arabia’s National Debt Management Center (NDMC) has successfully raised $6 billion through the sale of Islamic bonds, known as sukuk, under its Global Trust Certificate Issuance Program. The issuance has received significant interest from investors, highlighting their confidence in the Saudi economy. According to a statement released on Tuesday, the Kingdom sold a $3 […]

Ajman
May 17, 2023

The Crown Prince of Ajman had the honor of meeting the Ambassador of Belgium during a formal reception.

H.H. Sheikh Ammar bin Humaid Al Nuaimi, the Crown Prince of Ajman, welcomed Antoine Delcourt, the Ambassador of Belgium to the UAE, for a cordial meeting held at the esteemed Ruler’s Court.

World Bank
May 17, 2023

The World Bank has projected a growth rate of 4.8% for the UAE’s non-oil economy in 2023.

According to the latest World Bank Gulf Economic Update (GEU) titled “The Health and Economic Burden of Non-Communicable Diseases in the GCC,” the United Arab Emirates (UAE) is expected to witness positive economic growth in 2023. The World Bank projects that the country’s real Gross Domestic Product (GDP) will grow by 2.8 percent during the […]

CBUAE AED
May 17, 2023

According to the CBUAE, the total assets of banks in the country increased by 2.2% by the end of February 2023.

The Central Bank of the United Arab Emirates (CBUAE) has reported that the gross assets of banks, which include bankers’ acceptances

Emirates SkyCargo
May 17, 2023

Emirates SkyCargo and Air Canada have strengthened their cargo interline collaboration to enhance the transportation of cargo.

Emirates SkyCargo has announced a significant enhancement to its service offerings, allowing customers to effortlessly locate and book interline cargo shipments to key Canadian destinations, including Toronto

DCAA
May 17, 2023

The DCAA has entered into MoUs with Dubai Aviation City Corporation and Dubai Integrated Economic Zones.

The first MoU establishes a strategic partnership between the DCAA and Dubai Aviation City Corporation.

Bayanat
May 17, 2023

Bayanat, Yahsat, and ICEYE have joined forces to enhance the space ecosystem of the UAE.

In an exciting collaboration, Bayanat, Yahsat, and ICEYE have united their expertise to unlock new commercial opportunities within the burgeoning space ecosystem of the United Arab Emirates (UAE). By leveraging their combined strengths, these companies aim to propel the UAE’s space industry to new heights and drive economic growth in the region. Bayanat, a leading […]

Emirates NBD
May 17, 2023

Emirates NBD unveils the Digital Asset Lab and reveals the esteemed individuals who form the founding council.

Emirates NBD, a leading bank in the United Arab Emirates (UAE), has made an exciting announcement with the launch of the Emirates NBD Digital Asset Lab.

Jamjoom
May 16, 2023

Jamjoom Pharmaceuticals had a successful first day of trading as Saudi Arabia’s IPO market continues to thrive.

Jamjoom Pharmaceuticals Factory Co., a prominent generic drug manufacturer, witnessed robust demand as its initial public offering (IPO) in Riyadh attracted substantial investor interest.

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