Mashreq’s $500 Million Sukuk Garners Global Attention
Mashreq Bank has secured a US$500 million Sukuk issuance through its special-purpose vehicle, Mashreq Al Islami Sukuk Company Ltd, with a secondary listing on Nasdaq Dubai. The trust certificates, set to mature in 2030, were unveiled under the bank’s US$2.5 billion Trust Certificate Issuance Programme. The issuance drew overwhelming appetite in the primary market,
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Aldar Achieves AED 3.5 Billion in First‑Week Fahid Island Sales
Aldar has secured over AED 3.5 billion in sales during the initial launch week of its Fahid Beach Residences and The Beach House on Fahid Island, underscoring strong demand for the developer’s new coastal wellness vision. Sales encompass a mix of 1- to
Barclays Taps Ex‑HSBC Banker to Accelerate Middle East Push
Barclays has appointed Farzad Billimoria as head of its private bank for the United Arab Emirates, strengthening its foothold in a region experiencing rapid wealth creation. Based in Dubai, Billimoria will report directly to Annabelle Bryde, head of Private Bank
SmythOS Bridges Business Gaps Globally
SmythOS, a new business software suite, is revolutionizing how companies integrate their operations across diverse global environments. The innovative platform promises to harmonize various business functions, transcending barriers of distance, language, and cultural differences. SmythOS integrates enterprise resource planning (ERP), customer
