Monthly Archives

April 2021

Abu Dhabi Ports $1 billion bond 4.5 times over-subscribed

Abu Dhabi Ports, rated A+ (stable) by S&P and A+ (stable) by Fitch, has successfully issued US$1 billion 10-year bonds under its recently established Euro Medium Term Note Program (EMTN Program), to be jointly listed on the London Stock…

UAE – Italy trade set to grow as officials plan ahead

Etihad Credit Insurance (ECI), the UAE International Investor Council (UAEIIC), Dubai Exports, the Italian Trade Agency (ITA) and Confindustria, the largest Italian industrial confederation, have discussed cooperation in various fields,…

Dubai Ruler announces Hamdan Bin Rashid Cancer Hospital

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, Al Jalila Foundation, a philanthropic organization dedicated to transforming lives through medical…

UAE and Italy to strengthen cooperation – Sheikh Abdullah

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received on Sunday Luigi Di Maio, Italian Minister of Foreign Affairs. During the meeting, held at the ministry's headquarters in…

Kingdom’s security a red line – Prince Abdul Aziz

Saudi Arabia announced that it has officially banned all fruits and vegetables from Lebanon from entering the country after the customs authorities at Jeddah Port foiled an attempt to smuggle Captagon pills hidden in pomegranates that came…

StandDesk launches StandDesk for business

StandDesk, a leading online retailer of sit-stand desks for consumers, is expanding to help small businesses. Launching today, StandDesk for Business offers small business owners a quick and affordable way to select and purchase…

DLD reports 40 per cent growth in real estate transactions

A total of 6,590 real estate transactions in Dubai were recorded in March 2021, valued at about AED22.9 billion, according to the real estate bulletin issued by Dubai Land Department (DLD) under the name Real Estate Updates. The bulletin…

Digital currencies to better serve the unbanked – Al Sayegh

Ahmed Ali Al Sayegh, UAE Minister of State, said that the UAE and China have nourished a deep respect, political confidence and support of each other for decades, with their governments working even more closely on joint activities and…

Blockchain refinery and storage facility coming up in DMCC

DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the signing of a sale and purchase agreement (SPA) with REIT Development to establish the largest precious metals…