Dubai International Financial Centre (DIFC) today announced the full redemption and on-schedule repayment of a US$700mn Sukuk.
Category: Economy
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AED 1.3 billion of real estate transactions in Central, Eastern regions of Sharjah
A recently published report on the movement of real estate transactions, issued by Sharjah Real Estate Registration Department, has revealed that the cash trading volume in the “Central and Eastern” regions of the emirate reached AED 1.3 billion during the first nine months of 2024, and with a growth rate of 57.6 percent compared to last year.
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Emirates to participate in Bahrain International Airshow 2024
Emirates has announced that it will be participating in the 7th edition of the Bahrain International Airshow (BIAS) 2024, set to take place from 13th to 15th November at the Sakhir Airbase in Manama.
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UAE hosts GCC workshop on financial action task force mutual evaluation strategies
The UAE’s National Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC) hosted a collaborative workshop with the Cooperation Council for the Arab States of the Gulf (GCC), counterparts to discuss the Financial Action Task Force (FATF) grey list process.
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flydubai, Batik Air Malaysia announce strategic interline agreement
flydubai and Batik Air Malaysia have announced today an interline agreement that will offer flydubai passengers access to more than 40 destinations across Batik Air’s network via Kuala Lumpur International Airport (KUL).
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UAE’s banking sector net international reserves up 11% to AED1.273 trillion by end July-24
Net international reserves of the UAE’s banking sector increased by 11.1%, or AED127.5 billion, during the first seven months of 2024, reaching AED1.273 trillion at the end of July, compared to AED1.145 trillion at the end of 2023.
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Dubai Taxi reports 20% growth in EBITDA
Dubai Taxi Company (DTC) announced robust financial results for the nine-month period ending September 30, 2024.
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UAE Central Bank announces M-Bills auction on November 11
The Central Bank of the UAE (CBUAE) on Thursday announced an auction of Monetary Bills (M-Bills) on 11th November.
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Agthia’s net profit surges by 24.0% YoY
Agthia Group PJSC today announced its financial results for the first nine months of 2024, marking a period of solid growth across all its business segments.
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‘TA’ZIZ’ announces over $2 billion awards for key infrastructure projects
TA’ZIZ, a joint venture between ADNOC and ADQ, announced today engineering, procurement and construction (EPC) contracts valued at more than US$2 billion (AED7.34 billion) for the development of essential site infrastructure to advance the TA’ZIZ chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Al Dhafra Region of Abu Dhabi.