Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has successfully issued a USD 750 million Senior Unsecured Sukuk on 18th March 2025. This latest landmark issue supports the Bank’s strategic growth journey as well as continued progress of the Islamic finance industry. The Sukuk attracted a very strong order book in
The United Arab Bank (UAB) announced that Fitch Ratings has affirmed its Long-Term Issuer Default Rating (IDR) at ‘BBB+’ with a Stable outlook and upgraded its Viability Rating (VR) to ‘bb-‘ from ‘b+’. The upgrade of the VR reflects the bank’s improved asset quality and profitability metrics, which Fitch expects to be sustained in the
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the interest rate applicable
The Muslim Council of Elders, under the chairmanship of His Eminence Professor Dr. Ahmed Al-Tayeb, Grand Imam of Al-Azhar, affirmed that Zayed Humanitarian Day represents a celebration of the highest values of giving, tolerance, and human fraternity. It draws inspiration from the legacy of the late Sheikh Zayed bin Sultan Al Nahyan, whose life was
His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, met today with President Donald Trump of the United States of America during a dinner banquet held in his honour at the White House, in the presence of senior US officials. At the beginning of the meeting, His
Ras Al Khaimah Economic Zone (RAKEZ) has been honoured at the Annual Asian Arab Awards 2025 for its remarkable growth, innovation, and global impact. Presented by the Asian Arab Chamber of Commerce (AACC), the award recognises RAKEZ as the fastest-growing economic zone in the UAE, reinforcing its position as a leading business hub that continues
Ras Al Khaimah’s (RAK) real estate market is poised for significant growth and price appreciation, driven by surging demand and a housing shortage in the next few years, according to Metropolitan Premium Properties (MPP), a full-service real estate agency and part of the Metropolitan Group. Despite the launch of new projects on Marjan Island, the
