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05:15
Tuesday
20
November 2018

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5
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4,990.76 -1.75%
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Saudi targets $2 billion with new Islamic bonds - Dotemirates
2 month 1 week

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

33 minute 10 second

Sheikha Fatima bint Mubarak Award for Motherhood and Childhood elicits innovative knowledge: Hazza bin Zayed

ABU DHABI, 20th November, 2018 (WAM) -- H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, has affirmed that Sheikha Fatima bint Mubarak Award for Motherhood and Childhood provides a significant impetus for innovation and for evolving the society by adopting ground-breaking initiatives focused on mothers and children. "While attending the awards ceremony of the Sheikha Fatima bint Mubarak Award for Motherhood and Childhood, we realise that the award is on par with the world's largest prizes that elicit innovation and dedication to serving various segment of society by adopting mother- and children-focused initiatives," Sheikh...
1 hour 45 minute

Parliament calls for advancing UAE competitiveness rankings

ABU DHABI, 20th November, 2018 (WAM) -- The Federal National Council (FNC) has underlined the importance of intensifying collaboration between the Federal Competitiveness and Statistics Authority and various local and federal entities with a view to expediting the issuance of robust legislation conducive to advancing the country's global competiveness rankings. This came during the 3rd session of the FNC 16th Legislative Chapter's Fourth Ordinary Round which convened today at its premises under the chairwomanship of Dr. Amal Abdullah Al Qubaisi, Speaker of Federal National Council. The meeting called for developing an integrated statistics database patterned after the latest international standards,...
1 hour 49 minute

Winners of Sheikha Fatima bint Mubarak Award for Motherhood and Childhood honoured

ABU DHABI, 20th November, 2018 (WAM) -- H.H. Sheikha Fatima bint Mubarak, Chairwoman of the General Women's Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, this evening attended the awards ceremony marking the announcement of the winners of Sheikha Fatima bint Mubarak Award for Motherhood and Childhood. A number of charities, government entities and individuals were honoured for supporting and protecting mothers and children during the ceremony which was held at the Emirates Palace in the presence of Dr. Amal Abdullah Al Qubaisi, Speaker of Federal National Council; H.H. Sheikh...

2 hour 2 minute

Dubai Sports City: A sports-themed community

To live in a relaxed community that's pedestrian-friendly and pocket-friendly - that's the consensus of most residents who have taken the leap to move inward from the hustle and bustle of Sheikh Zayed Road to Dubai Sports City. A community that first came up in 2008, this lively sports-themed neighbourhood has come into its own over the past few years. Aside from being the go-to spot for the world's biggest cricketing events as well as playing host to some of the biggest musical acts in the world, including Drake, Dubai Sports City has become a resting spot for many expatriates...
2 hour 4 minute

Kosovo's bid to join Interpol rejected

The International Police Organisation (Interpol) welcomed Kiribati and Vanuatu into its fold, bringing the number of its member countries to 194. Kosovo's bid for membership was rejected. On the third day of the organisation's 87th general assembly in Dubai, the Interpol evaluated the membership applications of Kiribati, Vanuatu and Kosovo. While the two countries earned their spot in what was touted to be the "world's oldest police organisation", Kosovo's application was rejected in a vote among the Interpol's 192 member countries on Tuesday. Serbia, in particular, was noted to have been lobbying against Kosovo's membership, as the former does not...
2 hour 9 minute

UAE, Jordan sign $100 million agreement to promote entrepreneurship - First & Final Add

AMMAN, 20th November, 2018 (WAM) -- The $100 million agreement was signed by Hussain Jasim Al Nowais, Chairman of Khalifa Fund for Enterprise Development, and Fawaz al-Zu'bi, President of the Crown Prince Foundation's Board of Trustees. It states that both countries will support creativity and innovation and develop entrepreneurship in line with their respective national strategies, taking into account the national regulations and policies in the UAE and Jordan. Under the agreement, both parties undertake to implement major programmes and special initiatives to support innovation and the growth of microfinance and SMEs, in addition to contributing effectively to building the...