BusinessLatest Business and Company Updates
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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Yas Living Fully Subscribed, Aldar Records Over AED 1.3 Billion in Sales
Abu Dhabi — Aldar has sold all units of its Yas Living development in just days after launch, securing more than AED 1.3 billion in sales.The development comprises 678 apartments spread across three buildings, offering configurations from studios to
Sheikh Mohamed, Musk discuss AI cooperation
President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks with American entrepreneur Elon Musk, focusing on advances in artificial intelligence and emerging technologies and how cross-border collaboration can accelerate innovation with practical benefits for societies and economies.The meeting
Khazna Data Centres Wins $2.62 bn Lifeline for Middle East Expansion
A $2.62 billion, 10‑year credit facility has been secured by Khazna Data Centres, underwritten by a consortium led by Abu Dhabi Commercial Bank and First Abu Dhabi Bank, providing a substantial boost to the company’s strategy for regional and global expansion.
