Business & Investments

Sukoon Insurance’s ‘A’ Rating Reaffirmed by S&P with Stable Outlook

April 28th, 2026

Dubai, United Arab Emirates (UAE)

Sukoon Insurance today announced that S&P Global Ratings has reaffirmed its ‘A’ issuer credit and insurer financial strength ratings, along with a stable outlook. The reaffirmation also extends to its subsidiary, Sukoon Takaful. This rating underscores Sukoon’s unwavering financial resilience, robust risk management, and strategic growth trajectory in a complex macroeconomic environment.

In its latest report, S&P highlighted Sukoon’s exceptional financial risk profile, noting that the insurer continues to enjoy risk-based capital adequacy with a material buffer. Despite ongoing regional geopolitical tensions, S&P anticipates these events will have a limited impact on Sukoon’s operating performance. This resilience is driven by the company’s prudent underwriting practices and highly effective reinsurance protections.

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Business & Investments

Emirates NBD Launches $750M AT1 Capital Issuance

Dubai, UAE, 29 April 2026: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, announced the successful pricing of a USD 750 million Additional Tier 1 (AT1) capital issuance, marking the first debt capital market issuance from a GCC issuer since late February 2026. This strategic move follows the successful call of a previous USD 750 million issuance earlier this month, demonstrating the Bank’s agile capital management and the deep global trust in the UAE and the wider GCC financial ecosystem.

As the first public debt capital markets issuance in the GCC since the recent heightened uncertainty, the strong demand for this issuance underscores the depth of investor confidence in Emirates NBD’s credit fundamentals, capital position and long term strategy, as well as the resilience of the UAE and the wider GCC financial markets.

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Featured

AED 2 Billion Sales: Tara Park Sets New Standard in Abu Dhabi

834 residences across six towers with an active podium on Reem Island and connected to Reem Mall received overwhelming interest, signalling clear investor confidence in Abu Dhabi’s residential market

Abu Dhabi, UAE; 29 April 2026: Modon has announced the sell-out of Tara Park, a residential development on Reem Island, with the project generating approximately AED 2 billion in sales. The milestone reflects strong investor confidence and sustained demand, underscoring the emirate’s growing position as a global safe-haven investment destination.

Tara Park comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts. Connected to Reem Mall, the towers are interlinked by an active podium that connects residents to a wide range of amenities.

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Technologies

LaLaZar Launches Interactive Virtual Mall for Retail Innovation

LaLaZar Unveils the World’s First Interactive Virtual Mall, Introducing a More Flexible and Sustainable Economic Model for Retail

Middle East retail market projected to exceed $162 billion by 2026

Dubai, UAE – April 28, 2026

Amid rising operational costs and ongoing economic pressures across the retail sector, LaLaZar has announced the launch of the world’s first interactive virtual mall—introducing a next-generation shopping model that goes beyond digital innovation to redefine how businesses sustain and scale in challenging market conditions.

LaLaZar delivers a fully immersive experience that seamlessly blends digital and physical elements. Users can enter the platform through personalized avatars, explore virtual storefronts, interact with others in real time, and discover products through content creators—transforming the traditional shopping journey into a dynamic, social, and content-driven experience.

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Business & Investments, Technologies

OKX and BlackRock Launch Tokenized Treasury Yield Collateral Framework

• OKX to accept BlackRock’s tokenized short-term US treasury fund, BUIDL, as yield-bearing collateral for trading

• Standard Chartered to provide a comprehensive and reliable custody offering, the first-ever G-SIB-backed off-exchange tokenized collateral framework

• Initiative scales utility of tokenized real-world assets (RWA) and enables broader market participation

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