In an effort to further deepen cultural ties between the United Arab Emirates and the Republic of India, Noura bint Mohammed Al Kaabi co-chaired a high-level delegation meeting with K. Nandini Singla, Director General of the Indian Council for Cultural Relations (ICCR). The UAE delegation included Mubarak Al Nakhi, Undersecretary of the Ministry of Culture;
The UAE has secured 21st place in the 2025 World Happiness Report, surpassing the UK, US, and France, and leading Arab Region. This annual survey, compiled by Gallup, ranks 147 nations based on life satisfaction from 2022-2024. Finland retains its top spot for the eighth consecutive year, while Mexico and Costa Rica enter the top
Emirates Draw, the globally recognized lottery owned and operated by Tycheros (Isle of Man) Limited, has officially crowned its first AED 100 million ($27 million) MEGA7 Jackpot winner, marking the largest individual win in the game’s history. This unprecedented win occurred on Sunday, March 16, 2025, highlighting a major milestone in the game’s global success over the
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
