Tag: Application Steps

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Bank of England governor calls for rigorous AI testing before regulation

The Governor of the Bank of England, Andrew Bailey, has emphasised the need for "rigorous" testing of artificial intelligence (AI) before implementing regulations. In his inaugural article for Substack, Bailey stated that while the risks associated with AI are "real…

Aldar and Arada form $4.08 billion partnership for developments on Yas Island and Seih Sdeirah

Aldar and Arada have announced a significant strategic partnership valued at approximately AED 15 billion ($4.08 billion) for new developments on Yas Island and at Seih Sdeirah in Abu Dhabi. This collaboration includes a masterplan joint venture aimed at creating…

GCC debt capital markets reach $1.2 trillion in H1 2026, with sukuk at 42% share

The GCC debt capital markets have reached approximately $1.2 trillion by the end of the first half of 2026, with sukuk comprising around 42% of this total, according to Bashar Al Natoor, Managing Director and Global Head of Islamic Finance…

UAE and Egypt central banks renew $1.36 billion currency swap agreement to boost trade

The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have renewed their currency swap agreement, valued at AED5 billion ($1.36 billion), to enhance bilateral trade and financial cooperation. The agreement, which was signed at the…

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Aldar and Arada form $4.08 billion partnership for developments on Yas Island and Seih Sdeirah

Aldar and Arada have announced a significant strategic partnership valued at approximately AED 15 billion ($4.08 billion) for new developments on Yas Island and at Seih Sdeirah in Abu Dhabi. This collaboration includes a masterplan joint venture aimed at creating…

GCC debt capital markets reach $1.2 trillion in H1 2026, with sukuk at 42% share

The GCC debt capital markets have reached approximately $1.2 trillion by the end of the first half of 2026, with sukuk comprising around 42% of this total, according to Bashar Al Natoor, Managing Director and Global Head of Islamic Finance…

UAE and Egypt central banks renew $1.36 billion currency swap agreement to boost trade

The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have renewed their currency swap agreement, valued at AED5 billion ($1.36 billion), to enhance bilateral trade and financial cooperation. The agreement, which was signed at the…

Ukraine’s steel industry faces collapse amid Russian missile strikes and export challenges

Ukraine's steel industry is facing a potential collapse due to ongoing Russian missile strikes and significant export challenges, according to reports from BBC News. The situation is dire, with warnings that if steelworks remain closed, hundreds of thousands of jobs…
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