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Amazon Completes Acquisition of Souq.com

Amazon Completes Acquisition of Souq.com

Online retail giant Amazon completed on Monday the acquisition of Dubai-based Souq.com, the largest online retailer in the Middle East, around three months after the deal between the two sides was signed. In a joint statement, the two retailers said that Amazon...
Dubai Launches Cyber Security Strategy

Dubai Launches Cyber Security Strategy

Dubai- Sheikh Mohammed Bin Rashed Al Maktoum, UAE Vice-President, Prime Minister and Ruler of Dubai launched on Wednesday the “Dubai Cyber Security Strategy”, which aims at strengthening the emirate’s electronic security of information and data systems. The new...
Dubai Repays $600 Million Sukuk Certificates

Dubai Repays $600 Million Sukuk Certificates

Dubai – The Government of Dubai, acting through the Department of Finance (DOF), announced that the $600 million Sukuk Trust Certificates issued on 2 May 2012 under its $5 billion Trust Certificate Issuance Programme, reached maturity on 2 May 2017. Upon...