BusinessLatest Business and Company Updates
Sharjah Islamic Bank Issues $500 Million Sukuk Amid Strong Investor Demand
Sharjah Islamic Bank has successfully issued a $500 million sukuk, marking its sixth offering under the bank's $3 billion Trust Certificate Issuance Programme established in 2013. The five-year Islamic bond, maturing in July 2029, attracted robust interest from both regional and international investors, with orders reaching $1.5 billion, resulting
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ServeU Acquires House Keeping Domestic Workers for AED 100 Million
ServeU, a prominent facilities management firm in the UAE, has secured a strategic acquisition of House Keeping and its domestic workers division in a deal valued at 100 million dirhams. This acquisition marks a significant move for ServeU, expanding its
Oil Prices Drop as OPEC+ Production Forecasts Loom Large
Oil prices declined on Monday as market participants adjusted their strategies in light of anticipated increases in OPEC+ production starting in October. The price of Brent crude fell to $86.20 per barrel, while West Texas Intermediate (WTI) dropped to $83.10
du’s Q2 2025 Results Reflect Strong Financial Growth
Emirates Integrated Telecommunications Company PJSC, known as du, has reported significant financial growth for the second quarter of 2025, continuing a trend of robust performance established in the previous quarter. The company recorded an 8.6% year-over-year increase in revenues, signalling
