Binghatti Holding, a UAE property development company, will debut its US dollar sukuk in the “coming days,” subject to market conditions. The debut US dollar sukuk issuance, anticipated to be of benchmark size, is intended to have a three-year maturity and will support the company’s plans to diversify its funding base, a release stated. 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. Fitch Ratings recently assigned Binghatti Holding a B+ credit rating, with a positive outlook. Binghatti recently announced

Sheikha Bodour Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), has opened two new exhibitions, titled “Consciousness in Flux. Faig Ahmed” and “Hard Edges. Khalid Al Banna” at the Maraya Art Centre in Sharjah - a non-profit creative initiative by (Shurooq) that supports the region’s emerging and established artists. Both exhibitions will be running until 1st August 2024. The opening ceremony was attended by the CEO of Sharjah Investment and Development Authority (Shurooq), H.E. Ahmed Al Qaseer, as well as notable dignitaries from the art and culture sector of the UAE. In addition, representatives of the in-kind supporter Air

The annual report issued by Sharjah Real Estate Registration Department revealed that the volume of real estate transactions carried out during 2023 in the Central and Eastern Regions of the emirate, amounted to AED1.2 billion, compared to AED1 billion during 2022. These transactions were in 114 areas through the department’s branches in the Central Region and cities of Khor Fakkan, Dibba Al-Hisn, and Kalba, and the total real estate transactions carried out through the department’s branches reached 26,172. The trading volume in the four branches represented 4.4% of the total trading in the real estate sector in Sharjah during the same period.

The annual report issued by Sharjah Real Estate Registration Department revealed that the volume of real estate transactions carried out during 2023 in the Central and Eastern Regions of the emirate, amounted to AED1.2 billion, compared to AED1 billion during 2022. These transactions were in 114 areas through the department’s branches in the Central Region and cities of Khor Fakkan, Dibba Al-Hisn, and Kalba, and the total real estate transactions carried out through the department’s branches reached 26,172. The trading volume in the four branches represented 4.4% of the total trading in the real estate sector in Sharjah during the same period.