Kuwait's Warba Bank's AT1 sukuk price tightens to 6.25%
The perpetual non-call 5.5 year sukuk will have a benchmark yield of 4.148% with a reoffer yield of 6.250%.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
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The National
36 minutes ago
- The National
Sheikh Mohammed reveals new AI strategy for streamlining services
, Prime Minister and Ruler of Dubai, has unveiled a new government strategy under which artificial intelligence will be used to manage resources. The new policy will enable the UAE to make government services easier and faster, said Sheikh Mohammed. "We're proud to launch the UAE Federal Government Strategic Plan 2031 – a new chapter in shaping a smarter, faster and more efficient government," said Sheikh Mohammed, as reported by Dubai Media Office. "This phase focuses on using AI to streamline processes and improve how we manage resources across the federal government. In the past, success was measured by the strength of regulations, the size of teams and the complexity of procedures. "Today, success means making things easier and faster – delivering seamless services and using resources wisely in a complex world," said Sheikh Mohammed, also Vice President. "Tools may change and goals may shift, but one thing stays the same: our commitment to excellence in serving the people of the UAE." Sheikh Mohammed has directed teams across ministries and strategies based on more innovative and flexible foundations, incorporating AI as part of the 'We the UAE 2031' vision, the media office said. The planning cycle will involve 38 federal groups and brings together key public officials, including directors of strategy, future planning and finance. Last month, Sheikh Mohammed announced a National Artificial Intelligence System would become an advisory member of the UAE Cabinet, starting in January next year. 'The world is going through comprehensive restructuring, scientifically, economically and socially and our goal is being ready today for the coming decades and ensuring continuing prosperity and a decent life for the following generations,' Sheikh Mohammed said at the time.
Zawya
2 hours ago
- Zawya
Top IB results for 2024/2025 reflect Repton Dubai's academic strength
RELATED TOPICS EDUCATION RELATED COMPANIES Univer College Cognita Schools Cognita Limited 100% of students awarded the diploma, scored 26 points and above. Maryam Perjessy achieved 43 points in the IB Diploma, Ben Gosling 41 points and Umar Suleman 40 points. All of these students have secured places at their first choice universities; Maryam Perjessy to study Chemical Engineering at the University of Michigan, Ben Gosling to study Engineering at University College London and Umar Suleman to study PPE at Warwick University. Dubai, UAE: Repton School Dubai is delighted to announce another year of outstanding achievements in the International Baccalaureate Diploma Programme (IBDP). The 2024/2025 cohort has delivered exceptional results, with an impressive average score of 35 points, significantly surpassing the global average of 30 points. A remarkable 100% of Repton Dubai students awarded the diploma achieved over 26 points, while 87% exceeded the global average. These results reflect the school's continued commitment to academic excellence and student success. Many of Repton Dubai's top-performing students exceeded expectations, a couple of examples include Suphia Al Falasi, our highest scoring Emirati student who achieved 39 points, securing her place to study Law at Bristol University. Keira Roberton will likewise go on to study Law at her first choice university, Edinburgh with 37 points. Their successful placements at leading global institutions is a testament to the dedication, resilience, and hard work that defines the Repton community. Repton Dubai is also proud to highlight the achievements of students heading to top universities across the globe to pursue a wide range of disciplines. This year's IB cohort has received offers from prestigious institutions such as University College London, Edinburgh University, Kings College London, the University of San Diego and many more. Top achieving students' scores and their university destinations included: Speaking on the success of the graduating class, Michael Bloy, Principal of Repton Dubai School, said: ' We are immensely proud of our students' achievements in this year's IB examinations. These results reflect not only academic rigour, but also the resilience, creativity, and critical thinking our students embody. I congratulate every graduate and thank our dedicated staff and supportive families who have guided them on this journey." Repton School has long been recognised for its academic heritage and global outlook. In previous years, graduates have secured places at some of the world's most esteemed universities, including the University of Cambridge, University of Oxford, Stanford University, Columbia University, Boston University, the University of Edinburgh, and the Wharton School at the University of Pennsylvania. Rated Outstanding by the Knowledge and Human Development Authority (KHDA) since 2014, and featured in the prestigious Spear's Top 100 Schools Index 2025 as one of the top 10 in the Middle East, and among the top three schools in Dubai, Repton Dubai remains committed to nurturing well-rounded, globally-minded individuals prepared to thrive in the world's leading universities and beyond. For more information on Repton Dubai, please visit: For more information and media enquiries: Plus 1 Communications / yara@ About Repton School Dubai Repton School Dubai opened its doors in 2007 to offer world-class educational experience for children of all nationalities, from ages 3 to 18 and boarding experience from age 11. It is a sister school of Repton Al Barsha and Repton Abu Dhabi, both in the UAE, as well as a partner school of the reputed Repton School in the United Kingdom, which was founded in 1557 and which continues to boast a stellar reputation in both the academic and sporting fields. Combining the reputation and academic rigour of the UK curriculum, Repton Dubai has been consistently rated as 'Outstanding' by KHDA inspections since 2014 and endeavours to promote excellence in every area of a child's and student's life at school, within and outside the classroom. In the 2023-2024 academic year, the school celebrated a decade of Outstanding rating by the KHDA, and has also attained a significant milestone, ranked among the top 5 schools in Dubai and top 10 schools in the Middle East region in the prestigious Spear's Top 100 Schools Index 2025. Repton School Dubai offers a full range of the GCSE curriculum, in addition to the IB Diploma, IB Career Programme, BTEC and the A Level curriculum with a choice of 45 subjects to help achieve a deep understanding of varied academic fields. The school has two boarding houses and provides boarding accommodation for students, either full term boarding or a more flexible weekly boarding option. Both the junior and senior schools are located on a spectacular campus of 1.3 million sq. ft. in Nad Al Sheba, making it the largest school in the region. About Cognita Launched in 2004, Cognita is an extraordinary community of schools that span 16 countries and share one common purpose: to thrive in a rapidly evolving world. With over 100 schools in Europe and the US, the Middle East, Latin America, and Asia, Cognita employs over 18,000 teaching and support staff in the care and education of more than 90,000 students. Together, Cognita schools provide a uniquely global education that goes beyond grades, to develop all-round academic excellence – equipping young people with the agency, adaptability and positive attitudes that prepares them to grow, thrive and find their success in a rapidly evolving world. Cognita Middle East has nine schools within its portfolio, including: RGS Guildford Dubai, Repton Dubai, Repton Al Barsha and Repton Abu Dhabi, Horizon English School, Horizon International School, Ranches Primary School and Al Ain English Speaking School in the UAE, and Dasman Bilingual School in Kuwait.
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Sharjah Free Zones win four prestigious honours at 6th Financial Excellence Performance Award
Sharjah: The Sharjah Airport International Free Zone Authority (SAIF Zone) and Hamriyah Free Zone Authority (HFZA) have received four prestigious accolades at the 6th Financial Excellence Performance Award for 2024–2025, organised by the Sharjah Finance Department (SFD). The awards recognise both free zones for upholding the highest standards in financial and tax management, transparency, compliance, and governance. Hamriyah Free Zone Authority was named the Leading Independent Entity in applying revenue standards, while SAIF Zone received the Leading Independent Entity award for excellence in implementing accounting and tax standards. In the individual categories, Mohammed Al Marzooqi from SAIF Zone was honoured as Outstanding New Financial Employee from Independent Entities, and Dhiju Balakrishnan, Financial Planning and Analysis from HFZA, was awarded Outstanding Tax Analyst for Independent Entities. Sound governance principles His Excellency Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone Authority, stated that receiving these awards is a true testament to the ongoing efforts to enhance financial and administrative systems in line with the highest international standards. Al Mazrouei emphasised that the two entities are committed to building an integrated, efficient, and transparent framework in full compliance with financial and tax regulations as well as sound governance principles. This achievement, he noted, was made possible thanks to the continuous support of Sheikh Khaled bin Abdullah bin Sultan Al Qasimi, Chairman of the Sharjah Ports, Customs and Free Zones Authority, whose close oversight of the two authorities' operations has been instrumental in their success. Al Mazrouei further noted that this honour demonstrates the keenness of both free zones to adopt smart systems and ensure financial and operational sustainability, key pillars in improving the investor experience, thereby supporting the sustainable economic development goals of the Emirate of Sharjah. He extended his gratitude to the Steering Committee and the Sharjah Finance Department for this recognition. His Excellency reaffirmed that HFZA and SAIF Zone will continue striving for excellence by upholding the highest standards of governance and advanced financial management. This is not only to strengthen investor confidence, both locally and internationally, but also to attract high-quality, diversified investments that solidify the free zones' position as leading economic and investment hubs on the regional and global stage. The current edition of the Financial Excellence Performance Award witnessed remarkable participation from over 60 government and independent entities, along with more than 700 financial professionals. Participants competed across various institutional and individual award categories, reflecting the strong culture of financial excellence in the Emirate of Sharjah. The award continues to play a vital role in enhancing the capabilities of both individuals and institutions while contributing to the overall improvement of financial sector performance. For further information, please contact: - Ali Elgendy Misbar Communications ali@ Ahmad Aldwairi Misbar Communications
