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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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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…
UAE aims to maintain winning streak against Qatar in Gulf Cup showdown
The UAE national football team is set to continue its winning momentum in the Gulf Cup as they face Qatar in their final round-robin match on Wednesday. Following victories over Bahrain and Yemen, the UAE has secured a spot in…
