His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday took to twitter to praise an Arab youth who founded a $1.5 billion company. “Dubai-headquartered
Nasdaq Dubai welcomed the listing on Tuesday of a $300 million sukuk issued by Dubai Islamic Bank (DIB). The issuance was a tap on a one billion US dollar sukuk that listed on Nasdaq Dubai on June 16th, 2020.
Dubai’s Sukuk listings by value now total $64.5 billion. UAE issuers account for 44% of these by value with 56% from issuers in other countries.
Nasdaq Dubai welcomed the listing of a 1.5 billion US dollar sukuk issued by Islamic Development Bank (IsDB) to support COVID-19 relief initiatives.
European and US stocks pulled in different directions on Thursday as traders digested the Federal Reserve bringing forward its forecasts for hiking interest rates to prevent the US economy from overheating.
Equity markets across the world tumbled on Tuesday as a fierce global selloff erupted on fears over spiking inflation, dealers said. London stocks dived 3.0 per cent, Frankfurt slumped 2.5 per cent and Paris shed 2.3 per cent in afternoon deals.
Nasdaq Dubai welcomed the listing of a $2.5 billion Sustainability Sukuk by Islamic Development Bank (IsDB), the lender which finances development across its 57 member countries.