Category Archives: Business & Investments

Business & Investments

Binghatti Holding Set to Launch Debut US Dollar Sukuk

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Binghatti Holding Set to Launch Debut US Dollar Sukuk

Dubai, UAE – (date) – Binghatti, a leading Emirati property development company headquartered in Dubai, is preparing to undertake a significant financial milestone with the launch of its inaugural US Dollar Sukuk in the coming days, subject to market condition. This will highlight the company’s strategic move towards diversifying its funding base.

Emirates NBD, Dubai Islamic Bank, Abu Dhabi Islamic Bank, HSBC, Mashreq, Sharjah Islamic Bank, and RAKBANK have been appointed as Joint Lead Managers and bookrunners on the contemplated inaugural debt capital markets transaction.

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Business & Investments

The 2nd Annual Financial Restructuring MENA Conference

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Unlocking Financial Potential: Insights from the opening of the 2nd Annual Financial Restructuring MENA Conference

Abu Dhabi, UAE – As the 2nd Annual Financial Restructuring MENA Conference kicked off at the Abu Dhabi Global Market (ADGM) building, industry leaders explored strategies for navigating the region’s evolving financial landscape, addressing rising corporate insolvencies.

The conference kickstarted with keynote address by Hamad Sayeh Al Mazrouei, Chief Executive Officer of the Registration Authority at the Abu Dhabi Global Market. He emphasized on Abu Dhabi’s pivotal role in unlocking the potential of the financial restructuring sector, stating, “Abu Dhabi is at the forefront of fostering a robust environment for financial restructuring. Through strategic initiatives and partnerships, we are empowering businesses to navigate challenges and seize opportunities, ensuring sustained growth and stability in the region.”

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Business & Investments

Malabar Gold & Diamonds attains 19th rank as the top Indian international jewellery brand.

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Louis Vuitton Tops the Global Powers of Luxury Goods 2023 List by Deloitte; Malabar Gold & Diamonds attains 19th rank as the top Indian international jewellery brand.

The most coveted Global Powers of Luxury Goods 2023 report released last week saw the luxury giant Louis Vuitton topping the list. The annual report, published by Deloitte ascertains the top players in the global luxury goods sector and ranks the top 100 brands operating in the sector based on annual sales figures, brand value and other factors. Global brands including Kering SA, The Estee Lauder companies, Chanel, Hermes, etc. are among the top 10 luxury retailers in the report.

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Business & Investments

Famous Chinese Singer Jeff Chang Honored as AIM Culture Friendship Ambassador in Dubai

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Famous Chinese Singer Jeff Chang Honored as AIM Culture Friendship Ambassador in Dubai

Dubai, UAE, 19 February 2024: Renowned Chinese pop singer, Jeff Chang, was conferred with the prestigious AIM Culture Friendship Ambassadorship in Dubai, UAE. The singer was nominated by Dawood Al Shezawi, the esteemed President of the AIM Global Foundation and the AIM Congress, during Award Ceremony held on February 18, 2024. Walid Farghal, The Director General of AIM Congress participated in the event as well.

The AIM Culture Friendship Ambassador in an individual who has made significant contributions to fostering cultural exchange, promoting understanding, and enriching global communities through their artistic endeavors. Jeff Chang’s illustrious career, marked by his chart-topping sentimental Mandarin pop ballads and his tireless philanthropic efforts, embodies the spirit of cultural diplomacy and social responsibility.

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Business & Investments

In a move to drive innovation in cleaning technology

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In a move to drive innovation in cleaning technology

ServeU, a Union Properties’ subsidiary, introduces advanced robots “Leo” and “Rex” for major project in Abu Dhabi

February 19, 2024

ServeU, a subsidiary of Union Properties and a leading facilities management (FM) solutions provider in the UAE, has integrated cutting-edge robots into its cleaning solutions, demonstrating the company’s commitment to innovation and environmental stewardship. The advanced robots, named “Leo” and “Rex”, have been successfully incorporated into one of ServeU‘s esteemed projects in Abu Dhabi, signalling a revolution in the field of cleaning technology.

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