UAE developer giant Arada issues 4x oversubscribed $450m bond on Dubai stock exchange with $2b orders | World News

This is Arada’s third Sukuk, bringing its total outstanding Sukuk on Nasdaq Dubai to USD 1.5 billion across three transactions/ Dubai Media Office Nasdaq Dubai welcomed the listing of a USD 450 million Sukuk issued by Arada Developments LLC (“Arada”), a leading UAE-based master developer.Issued under Arada Sukuk 2 Limited’s USD 1 billion Trust Certificate […]

Kenyan rights groups condemn arrest of protest site developer

Representative Image (AI-generated) Kenyan rights groups have condemned the arrest of a software developer who built a platform opposing a contentious finance bill, warning that it reflected an intensifying crackdown on dissent.The East African country has been cracking down on critics of the government since massive protests last June against tax rises and corruption.Security forces […]