Daily Archives: September 1, 2022

Business & Investments

Refinitiv: Global Sukuk issuance projected to settle at $185 billion in 2022, reaching $257 billion by 2027

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Refinitiv: Global Sukuk issuance projected to settle at $185 billion in 2022, reaching $257 billion by 2027

DUBAI, UAE – Global Sukuk issuance is projected to moderate, settling at $185 billion in 2022, according to the 2022 Sukuk Perceptions and Forecast Study released by Refinitiv, a London Stock Exchange Group (LSEG) business.

According to Refinitiv’s 2022 Sukuk Survey, around 41% of respondents indicated they were still bullish about growth in global sukuk supply. The report, titled “Navigating a new Environment”, projected global sukuk issuance would grow at an estimated CAGR of 6.8% over the next five years, reaching $257 billion in 2027. The report indicated that the momentum of international sukuk issuance began to slow in the first half of 2022, despite strong activity from issuers capitalising on high demand from international investors early in the year.

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Life Style & Leisure

Titan Watches Unveils Robust Expansion Plan in the Capital

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Titan Watches Unveils Robust Expansion Plan in the Capital

Launches 3rd Outlet in Khalidiya Mall

Abu Dhabi, United Arab Emirates

Titan Watches has opened its 3rd exclusive outlet in Abu Dhabi at the popular Khalidiyah Mall.

The globally renowned watchmaker is aiming to open another outlet in the capital and 5 more stores across Dubai, Sharjah, and Abu Dhabi before the end of the year taking its total number of exclusive Titan retail outlets across UAE to 20 before the end of the year.

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Technologies

HONOR Strengthens its Global Presence at IFA 2022, Berlin

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HONOR Strengthens its Global Presence at IFA 2022, Berlin

Plans to launch portfolio of products

Dubai, 1st September, 2022: Global technology brand, HONOR, has announced its participation at the IFA 2022 taking place in Berlin.  Under the theme Embracing the Connected Future, HONOR will be launching a portfolio of products including smartphones, personal computers, and tablets. The new lineup will feature the latest preeminent technology for digital consumers. In addition, HONOR will introduce audio technologies creating the sense of immersion required for next-generation AR and VR experiences.

HONOR will be presenting a keynote, at IFA 2022, on 2 September on the convention stage. The live stream of the keynote is set to start at 5:00 p.m. (CEST/UTC+2) from Berlin, Germany. HONOR will be also hosting the livestream via the social media platform as well, which may make it a little easier for some audience to be able to join the program.

On the IFA Keynote stage, HONOR will officially announce that the brand has joined IoT consortium Matter, helping to formulate common industry standards that promote open collaboration.

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Business & Investments

Foreign Exchange and Remittance Group signs MoU with Kuwait Union Exchange Company

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Foreign Exchange and Remittance Group signs MoU with Kuwait Union Exchange Company

To strengthen relationship and collaboration in the foreign exchange and remittance sector between the UAE and Kuwait.

Dubai- United Arab Emirates, 1 September 2022

The Foreign Exchange and Remittance Group (FERG) announced recently that it signed a Memorandum of Understanding (MoU) with Kuwait Union Exchange Company to further strengthen collaboration between both entities.

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