Saudi Arabia’s Dar Al Arkan to raise $600 mn through sukuk
The sukuk offers an interest rate of 7% and is due on 2025...
Tag : Middle East
Islamic financial assets grow over $2 tn globally: IMF
Almost 85% of these assets are from the banking sector...
5G to boost MENA’s GDP by $15.4 bn
Saudi Arabia and UAE will be among the top contributors...
5G subscribers in the Middle East to reach 60 mn: Ericsson
A majority of the subscribers will be from Saudi Arabia and the UAE...
Adnoc to raise $5 bn from pipeline sale
Adnoc expects infrastructure funds and private equity firms to show interest...
UAE’s healthcare expenditure to reach $3.6 bn by 2030
Healthcare spending in the UAE grows at a compound annual growth rate of 8.8 % between 2011 and 2019...
Saudi Arabia grants fintech permits for crowdfunding startups
The permits have been granted to Afaq, Buthoor Solidarity and Emkan Alarabiya Company...
Dubai aims to be one of world’s first data-powered economies
Smart Dubai Data is adapting a four-step approach to build an all-encompassing data economy in Dubai...
Abu Dhabi Ports launches housing project for China-UAE alliance
The project at Kizad will accommodate employees working at a China-UAE commercial partnership...
Emaar’s $500 mn sukuk is listed on Nasdaq Dubai
The capital raised will help Emaar’s regional and international expansion plans...