Daily Archives: March 22, 2025

Business & Investments

Emirates Islamic successfully issues USD 750 million 5 Year Senior Unsecured Sukuk

Dubai, 21March 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE,has successfully issued a USD 750 million Senior Unsecured Sukuk on 18th March 2025. This latest landmark issue supports the Bank’s strategic growth journey as well as continued progress of the Islamic finance industry.

The Sukuk attracted a very strong order book in excess of USD 1.6 billion, resulting in a 2.1 times oversubscription rate. The strong investor demand allowed the Bank to tighten the spread by 30 basis points from initial price thoughts, to 95 basis points over 5-Year US Treasuries, equating to a coupon of 5.059% per annum. 

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Business & Investments

AIM Congress 2025 Showcases the Future of Mobility within the Future Cities Portfolio with PAL-V, the World’s First FlyDrive Vehicle

Abu Dhabi, UAE, 21 March 2025: AIM Congress 2025, in its 14th edition, will highlight the latest global innovations in the mobility sector under the Future Cities Portfolio, bringing together industry leaders, investors, and policymakers to explore the future of advanced transportation.

Among this year’s most prominent participants is PAL-V, showcasing the PAL-V Liberty, the world’s first FlyDrive vehicle. This revolutionary vehicle combines the convenience of traditional driving with the freedom of flying, presenting a practical vision for the future of mobility.

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Featured

Her Excellency Dr. Amna bint Abdullah Al Dahak- Minister of Climate Change and Environment -Statement on World Water Day

Her Excellency Dr. Amna bint Abdullah Al Dahak Minister of Climate Change and Environment–Statement on World Water Day

Saturday, March 22, 2025

On this World Water Day, let us reflect on the profound significance of water – the very essence of life and the lifeblood of our planet.

Today, a staggering 2.2 billion people – 1 in 4 – are denied access to safe, clean water. This stark reality demands that we urgently reaffirm our commitment to sustainable water management and work to secure a water-resilient future for all.

Her Excellency Dr. Amna bint Abdullah Al Dahak- Minister of Climate Change and Environment -Statement on World Water Day

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Shopping & Promotions

Joyalukkas Announces 10% Advance Pre-book Offer with Exciting Benefits

Joyalukkas Announces 10% Advance Pre-book Offer with Exciting Benefits

Dubai, UAE – March, 2025:Joyalukkas, the world’s favourite jeweller, has announced its much-awaited 10% Advance Pre-book Offer that will run from 24th March to 30th April, 2025. This exclusive offer allows customers to secure their desired jewellery at the lowest gold rate, while enjoying unparalleled benefits.

With the 10% Advance Pre-book Offer, shoppers can lock in their gold purchase prices early and receive protection against any price fluctuation. Plus, with an added advantage for app users, first-time bookings until 17thApril 2025 via the Joyalukkas mobile app will receive a complimentary AED 250 diamond gift voucher.

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Business & Investments, Real Estate

Azizi Developments partners with SAP for comprehensive digital transformation

Azizi Developments partners with SAP for comprehensive digital transformation to support expansion drive

The developer is now adopting RISE with SAP and a range of SAP solutions for its operations, to enhance efficiency and leverage the latest AI capabilities

Dubai, United Arab Emirates, 21 March 2025:Azizi Developments, a leading private developer in the UAE, has entered a strategic partnership with SAP to drive an end-to-end digital transformation of its operations, supporting its ambitious growth plans. As a net new customer, Azizi Developments will adopt RISE with SAP Private Cloud, including SAP S/4HANA, as well as a wider range of SAP solutions that will enhance the services it delivers to its stakeholders, with a focus on its clients and staff.

The signing ceremony, which was attended by the Group CEO of the Azizi Group of companies, Mr. Farhad Azizi, and Senior Vice President, SAP Middle East and Africa – South, Mr. Sergio Maccotta, as well as other senior management figures of both entities and several other key stakeholders, was held at Azizi Developments’ offices in the Conrad Hotel on Dubai’s Sheikh Zayed Road on the 20thof March 2025.

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