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Saudi targets $2 billion with new Islamic bonds - Dotemirates

Saudi targets $2 billion with new Islamic bonds

Bloomberg Saudi Arabia started the sale of dollar-denominated Islamic bonds and is seeking to raise about $2 billion to complete the kingdom’s external funding requirements for the year.The world’s biggest oil exporter mandated BNP Paribas SA, HSBC Holdings Plc, JPMorgan Chase & Co., Citigroup Inc., Mizuho Bank and Samba Capital for the deal, according to a term sheet seen by Bloomberg. The kingdom set initial price guidance for the January 2029 notes in the area of 145 basis points over midswaps.Global books are open and the deal is today’s business.Saudi Arabia plans to borrow about $31 billion this year to...


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UAE News

08/07/2019

When parents 'forgot' their 4-year-old kid in a Dubai cab

A four-year-old kid, aside from the usual items such as gold bars, jewellery, cash, cheques, mobile phones, passports and other important documents, was among valuables forgetful passengers left in Dubai taxis. Thankfully, 70 per cent or at least 5,220 lost items reported by Dubai taxi users have been returned to their rightful owners - or in the case of the kid, to his parents - in the first half of 2019, according to figures released by Dubai Taxi Corporation (DTC) on Sunday. Speaking to Khaleej Times, Dr Yousef Al Ali, CEO of DTC, said the incident of the 'lost kid'...
08/07/2019

Mohamed bin Zayed receives phone call from King of Morocco

ABU DHABI, 8th July, 2019 (WAM) -- His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a phone call from King Mohammed VI of Morocco. During the call, Sheikh Mohamed and the Moroccan King reviewed the brotherly relations between the two countries and ways to further develop them to serve the common interests of both countries and peoples. The two sides also discussed the latest regional developments along with a number of issues of common concern and exchanged views on them.
08/07/2019

Dubai Airports Have Come A Long Way And This Video Is The Ultimate PROOF

Dubai is the hub of transformation and technology. In a span of just 20 years the city of gold has bloomed from a barren desert to a full blown futuristic smart city where ROBOTS have literally started patrolling the streets.The Dubai Media Office posted a back and white video of the emirate's airport from back in 1960's and the GLO UP is REAL!From this little trip down memory lane into Dubai's past it's clear that Dubai has come a long way and still has a long way to go.It's CRAZY seeing how much has changed#Dubai Airport... A modest beginning paved...

Don’t pay for fuel pumping if you download this ADNOC app

Since 2018, drivers in Abu Dhabi have had the option of self-service re-fuelling or paying AED 10 for assistants to top them up. Now ADNOC Distribution is offering free assisted refuelling at its stations between 11am-5pm in July and August. To take part in the ‘Hello Summer’ campaign, all you need to do is download the ADNOC Wallet through the ADNOC Distribution app, add credit and pay at the pump using your Emirates ID. Then you can use the fuelling service for free at ADNOC stations around Abu Dhabi and Dubai. Your handy ADNOC Wallet can also be used to...
08/07/2019

Dubai Is Heartbroken Following The Death Of 20-Year-Old Disney Actor Cameron Boyce

Young American actor Cameron Boyce who was well known for his roles in Grown Ups - opposite Adam Sandler, Disney's original Jessie and in Descendants had passed away on Saturday July 6.The 20 year old actor had suffered from a seizure which was a result of an ongoing medical condition for which he was being treated and passed away in his sleep.In a statement given by the family to the CNN it was said:"The world is now undoubtedly without one of its brightest lights, but his spirit will live on through the kindness and compassion of all who knew and...
08/07/2019

Dubai’s RTA to relocate metro cabin allocated to women and children

Dubai’s RTA to relocate metro cabin allocated to women and children Aarti Nagraj Tuesday 25 June 2019The cabin allocated to women and children in Dubai’s existing metro trains will be relocated over the next two months, the Roads Transport Authority (RTA) has announced.The cabins, along with the posters, will be relocated from the current location near the gold cabin to the new location at the other end of the train.The relocation process will be completed by the end of August, a statement said.The decision to relocate “came in view of the popularity of these cabins, especially during summer holidays”, the...