DUBAI, 14th July, 2026 (WAM) — Nasdaq Dubai today welcomed the listing of a US$300 million Additional Tier 1 (AT1) Perpetual Sukuk issued by Ajman Bank marking the Bank’s first capital securities transaction. The US$300 Million Additional Tier 1 Perpetual Non-Call 5.5-year Sukuk was structured under a Mudaraba arrangement and carried a profit rate of 6.50 percent. The Additional Tier 1 Perpetual Sukuk supports Ajman Bank’s strategy by strengthening its regulatory capital base and diversifying its funding sources. It builds on the Bank’s inaugural senior Sukuk issuance last year, reflecting its continued engagement with the capital markets. The transaction attracted…
Author: Editorial Team
BRUSSELS — Saudi Arabia reaffirmed its unwavering political, economic and diplomatic support for the Palestinian government. The Kingdom stressed its commitment to working with regional and international partners to achieve a just, comprehensive and lasting peace based on the establishment of an independent Palestinian state along the 1967 borders with East Jerusalem as its capital. Representing the Kingdom at the second meeting of the Palestine Donors Group in Brussels, Dr. Manal Radwan, Minister Plenipotentiary at the Ministry of Foreign Affairs, said the humanitarian situation in Gaza remains critical nine months after the ceasefire, citing continued Israeli military control over nearly…
ARLINGTON — Spain booked its place in the World Cup final for the first time since lifting the trophy in 2010 after defeating France 2-0 in Tuesday’s semifinal. Mikel Oyarzabal converted a first-half penalty before Pedro Porro sealed victory as Spain extended its dominance over France in major tournaments and secured a place in Sunday’s final at MetLife Stadium. La Roja will face either defending champion Argentina or England, who meet in Wednesday’s second semifinal in Atlanta. “We gave it our all just to reach the final,” Porro said. “We knew we’re a very tough team and we’re doing things…
The weather in the UAE on Tuesday, July 14, will be fair to partly cloudy in general, according to the National Centre of Meteorology (NCM). Light to moderate winds are set to blow throughout the day, with humidity peaking at night and Wednesday morning over some western coastal areas. The sea will be slight in the Arabian Gulf and slight to moderate, becoming rough at times, in the Oman Sea. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Temperatures are set to reach 45°C in Abu Dhabi, Dubai and Sharjah. On the lower side, the…
ABU DHABI, 14th July, 2026 (WAM) — Abu Dhabi Securities Exchange (ADX) Group honoured brokerage firms, listed companies and post-trade service members at its Annual Members Recognition Awards, recognising their contributions to the development of Abu Dhabi’s capital markets during 2025. A total of 29 awards were presented during the ceremony, held on 13th July alongside the launch of six new single-stock futures on ADX’s derivatives market. In 2025, ADX recorded a 12.6 percent increase in trading value to AED342 billion, while trading by foreign investors rose 13.8 percent. Institutional investors generated AED600 billion in buy and sell activity, up…
ARLINGTON — Kylian Mbappé’s hopes of reaching a third consecutive World Cup final ended Tuesday after France suffered a 2-0 semifinal defeat to Spain, leaving the striker tied with Lionel Messi in the race for the Golden Boot. Mbappé remains level with Argentina captain Messi on eight goals after failing to find the net against Spain. Messi will have the chance to move ahead when defending champion Argentina faces England in Wednesday’s semifinal. France will now play in Saturday’s third-place playoff against the loser of the Argentina-England match, while Spain awaits the winner in Sunday’s final at MetLife Stadium. The…
Abu Dhabi Police have urged the public to use electric scooters responsibly and in accordance with road safety regulations, warning that improper use poses serious risks to riders and other road users. The police have shared a video warning residents of the perils of riding e-scooters on main roads, without following traffic laws. The video contained several incidents of road safety violations committed by e-scooter riders, some of which led to serious accidents. Some clips showed riders crossing main roads in a dangerous manner, while others rode in the opposite direction of traffic, risking their own and other motorists’ lives.…
WASHINGTON — The U.S. military launched another round of strikes against Iran on Tuesday, with U.S. Central Command (CENTCOM) saying the operation aims to further degrade Iranian capabilities used to target commercial shipping in the Strait of Hormuz. CENTCOM said the strikes began at 3 p.m. Eastern Time and were followed an hour later by the resumption of the U.S. naval blockade. “There are currently more than 20 U.S. Navy warships and hundreds of military aircraft operating across the Middle East. American forces remain vigilant, lethal, and ready,” the command said in a statement. Earlier Tuesday, President Donald Trump said…
Fadi Kanafani, General Manager – Technology and Karim Moustafa, Regional Business Development Manager. Yas Holding Technology has been honoured with the prestigious Digital Transformation Enabler for Public Sector award at the recently held GovTech Innovation Forum & Awards 2026, in recognition of its outstanding contribution to accelerating digital transformation across government organisations in the UAE. The award celebrates organisations that have demonstrated excellence in enabling public sector entities to embrace innovative technologies, modernise operations and deliver secure, efficient and citizen-centric digital services. Receiving this recognition underscores Yas Holding Technology’s commitment to empowering government organisations with future-ready technology solutions that drive operational excellence, innovation and long-term digital resilience. The GovTech Innovation Forum & Awards brings together senior government leaders, technology decision-makers and industry…
AJMAN, 14th July, 2026 (WAM) — At the direction of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, the Ajman Land and Real Estate Regulation Department has announced the exemption of citizens who are beneficiaries of Sheikh Zayed Housing Programme loans from mortgage release fees — coinciding with the “Year of Family”, and in embodiment of the UAE’s commitment to supporting the family and enhancing quality of life. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Land and Real Estate Regulation Department, affirmed that the decision translates the leadership’s…