DEBT WATCH-<\/p>\n
Emirates NBD Capital tapped as joint lead manager and bookrunner on QIIB\u2019s <\/strong>sukuk <\/strong>offering: <\/strong>Qatar International Islamic Bank (QIIB) has appointed Emirates NBD Capital as joint lead manager and bookrunner on its upcoming USD-denominated 5-year senior unsecured sustainable sukuk issuance, according to a Qatar Stock Exchange disclosure<\/a>. The sukuk, expected to be rated A- by Fitch, is part of the bank\u2019s USD 2 bn Trust Certificate Issuance Program<\/a>. <\/p>\n Other advisors:<\/strong> Al Rayan Investment (Masraf Al Rayan Group), Dukhan Bank, KFH Capital and QNB Capital were also selected as joint lead managers and bookrunners and will coordinate meetings with global investors, including virtual discussions that began yesterday and in-person fixed income investor meetings in London that will take place today. Standard Chartered Bank was selected as global coordinator. <\/p>\n \n IPO WATCH-<\/p>\n Saudi Arabia\u2019s Fourth Milling has tapped Emirates NBD Capital to advise on its <\/strong>IPO<\/strong>, Bloomberg<\/a> reports. Riyad Capital<\/a> was also tapped to advise on the domestic initial public offering, according to sources with knowledge of the matter. The share sale, which could raise more than USD 200 mn, could take place as soon as 1H 2024, an unnamed source told Bloomberg. UAE-based Himmah Capital was selected in October to advise on the offering.<\/p>\n \n INFRASTRUCTURE-<\/p>\n Abu Dhabi and Al Ain are set to get new parks and transport projects<\/strong>worth a <\/strong>combined AED 28 mn<\/strong>, after Abu Dhabi\u2019s department of municipalities and transport inked an agreement with Abu Dhabi\u2019s social development arm <\/a>Ma\u2019an<\/a>, according to an Abu Dhabi Media Office <\/a>statement<\/a>. The projects include:<\/p>\n \n HOSPITALITY-<\/p>\n Aleph Hospitality to manage new 110-key hotel in KSA\u2019s Abha:<\/strong> Dubai-based Aleph<\/a>Hospitality<\/a> is set to manage Hotel Indigo Abha, a new facility which global hospitality player Intercontinental Hotel Group (IHG) will open in Saudi Arabia\u2019s Abha under a franchise agreement it signed with Firdous Abha Hotel, IHG said in a statement<\/a>. The new facility is scheduled for opening in December 2025<\/p>\n \n BANKING-<\/p>\n First Abu Dhabi Bank<\/a><\/strong> subsidiary <\/strong>Dubai First<\/a><\/strong> has become the first credit card <\/strong>issuer in the region to use Mastercard\u2019s Token Connect technology<\/strong>, which allows customers\u2019 card information to be securely transferred from the Dubai First mobile app to click-to-pay and digital wallets, according to a Mastercard statement<\/a>. Tokenization technology allows users to manage their cards in a secured profile, easing check-out transactions by replacing a card\u2019s primary account number with a unique alternative token number, the statement reads. <\/p>\n \n FINANCE- <\/p>\n #1-<\/strong>Less expensive retail spaces, kiosks and shops for businesses, courtesy of Khalifa <\/strong>Fund + Al Mushrif Coop:<\/strong>Khalifa Fund<\/a> and Al Mushrif Coop<\/a> inked a strategic partnership to providebusinesses with 25-50% markdowns on retail space, listings and registration fees, as well as 20-40% breaks on kiosks and 15-20% on shop rentals, according to a press release<\/a>. The press release does not clarify what the criteria is for businesses to qualify for the markdowns, nor if they are capped. <\/p>\n #2-<\/strong>South Africa\u2019s<\/strong>Maleyat Group enters MENA: <\/strong>Dubai-based client introductory services firm MCG Introduction Services will become South African online trading platform Maleyat<\/a> \u2019s exclusive partner in the Middle East under a new partnership agreement, according to a press release<\/a>. The partnership marks Maleyat\u2019s entry into the region, and will see MCG introduce Maleyat\u2019s trading platform to regional clients, the statement said.<\/p>\n #3- Dubai International Financial Centre and Guernsey Finance will cooperate on <\/strong>knowledge transfer and boosting investment flows between the two finance centers<\/strong>, according to a press release<\/a>. The agreement will also see them work on organizing events and fostering talent development. Guernsey Finance hosts over 20% of the UK FTSE 100 companies in its jurisdiction.<\/p>\n \n ENVIRONMENT-<\/p>\n AD Ports Group<\/a><\/strong>, <\/strong>CMA CGM<\/a><\/strong>, and <\/strong>Ecocean<\/a><\/strong> will<\/strong>equip Khalifa Port with 48 biohuts to <\/strong>support the health of its coastal ecosystem<\/strong>, reports Wam<\/a>. The Biohuts will be installed in 1Q 2024 at a new CMA CGM terminal currently under construction. Port locations where marine life needs the most support and regeneration will be targeted, with the project's pilot phase expected to last five years.<\/p>\n SOUND SMART- <\/strong>Biohuts are eco-friendly, non-toxic submerged structures offering a safe habitat for marine species to thrive.<\/p>\n \n EDUCATION- <\/p>\n #1-<\/strong>Palms Sports pins AED 282.2 mn contracts for nationwide Jiu-jitsu training:<\/strong>Emirates<\/a>Schools Establishment (ESE)<\/a> has awarded ADX-listed sports management company \u2014 and long-time partner \u2014 Palms Sports<\/a> two jiu-jitsu program contracts worth AED 282.7 mn, according to a press release<\/a>. <\/p>\n By the numbers: <\/strong>The first contract, valued at AED 68.7 mn over two and a half years, will fund the extension and expansion of a school jiu-jitsu program at ESE. The second contract worth AED 214 mn involves the comprehensive renewal of programs at 117 schools across Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah.<\/p>\n #2-<\/strong>Khalifa University launches cybersecurity training academy:<\/strong>Khalifa University of<\/a>Science<\/a><\/a>and Technology<\/a> and the Cyber Security Council<\/a> inaugurated the Khalifa University Cybersecurity Academy yesterday to provide training on cybersecurity in both Arabic and English, Wam<\/a> reports. <\/p>\n \n AVIATION-<\/p>\n Emirates Skywards and TudoAzul members can now redeem miles across both Emirates <\/strong>and Azul\u2019s networks<\/strong>, after the two airlines launched a reciprocal loyalty program, according to a press release<\/a>.<\/p>\n \n FINTECH-<\/p>\n Dubai-based cashback platform <\/strong>Znap<\/a><\/strong> has rebranded to <\/strong>Totl<\/a><\/strong> under its \u201cservice delivery transformation strategy\u201d that looks to modernize the brand, the startup said in a press release<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Emirates NBD Capital joins Al Rayan Investment, Dukhan Bank, KFH Capital, and QNB Capital<\/p>\n","protected":false},"author":1,"featured_media":88017,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,159,68,260,7,1393,606,161,1392,118],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banking","tag-debt-watch","tag-emirates-nbd","tag-enterpriseam-uae","tag-finance","tag-fourth-mill","tag-infrastructure","tag-ipo","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"80646ea6-f093-4040-a769-b45722a5ac07","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1032.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Emirates NBD Capital appointed bookrunner for QIIB + advising on Fourth Mill IPO. PLUS: Infrastructure, banking, finance aviation, and education news","related_issue":[87996],"teaser":"Emirates NBD Capital joins Al Rayan Investment, Dukhan Bank, KFH Capital, and QNB Capital","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.b7c0ca46-1a54-4d78-9f3e-abb06703e119.mp3"},"yoast_head":"\n\n