The auction, which attracted significant interest from the market, saw bids worth a total of AED 6.91 billion, reflecting a remarkable oversubscription rate of 6.3 times. Eight primary dealers participated in the auction, with strong demand across both tranches maturing in May 2027 and September 2029.

The successful auction results are indicative of the robust market appetite for UAE Dirham-denominated assets. The tranche maturing in May 2027 offered a Yield to Maturity (YTM) of 4.32%, while the September 2029 tranche provided a YTM of 4.43%. These yields represent spreads of 7 and 10 basis points over comparable US Treasuries, further demonstrating the attractive market-driven pricing.

The proceeds from the Islamic T-Sukuk issuance are part of the UAE’s strategy to build a robust Dirham-denominated yield curve, offering safe investment alternatives and contributing to the growth of the local debt capital market. By doing so, the UAE aims to enhance the investment environment, promote economic sustainability, and strengthen the overall financial ecosystem.

This latest successful auction underscores the UAE’s commitment to fostering a resilient and diversified economy, with the Islamic T-Sukuk playing a key role in supporting sustainable growth and development in the region.

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The facility is set to become a significant player in the local industry, with the first phase of development aiming to produce 120 tonnes of honey annually. With an anticipated completion date of October 2025, this factory promises to enhance the region’s role in sustainable and organic product production, aligning with the growing demand for natural and eco-friendly goods.

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Nawal Al Hanaee, Director of the Future Energy Department at MoEI, and Christian Nieves Lauz, National Energy Director of Uruguay’s Ministry of Industry, Energy, and Mining, were the signatories of the memorandum. This agreement establishes a formal framework for both nations to share their knowledge and expertise in the field of clean energy. It also outlines plans to facilitate high-level discussions and organize workshops focused on energy-related sectors.

Al Hanaee emphasized the importance of such collaborations in driving the global transition to clean and renewable energy. She noted that the partnership would pave the way for both countries to expand their energy sectors, diversify their energy mixes, and accelerate their reliance on sustainable energy sources.

The signed memorandum signifies the shared commitment of the UAE and Uruguay to fostering strategic partnerships that will benefit both nations. It is expected to strengthen efforts in key areas like clean energy development and climate action, while opening new opportunities for growth and development within these vital sectors.

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The meeting covered a variety of key topics, including the promotion of innovation in education, fostering academic collaboration, and adopting modern teaching methods. Both parties exchanged successful practices related to curriculum design, innovative teaching strategies, and teacher training programs. Additionally, they reviewed Finland’s regional educational practices, offering valuable insights into best practices that could be applied to further strengthen the UAE’s educational system.

The meeting was attended by senior officials, including Mohammed Al Qasim, Under-Secretary of the UAE Ministry of Education, and Amna Mahmoud, the UAE Ambassador to Finland. Tuula Yrjola, Finland’s Ambassador to the UAE, was also present, along with other high-ranking representatives from both countries.

Sarah Al Amiri highlighted the UAE Ministry of Education’s dedication to integrating global educational expertise, especially from Finland, to enhance the competitiveness and overall quality of the UAE’s education system. She stressed that the meeting was an important step toward reinforcing the already strong academic and educational relations between the two countries. The focus was on establishing partnerships and facilitating the exchange of knowledge and experiences to further develop the UAE’s national education system in alignment with its strategic vision.

As part of the visit, Sarah Al Amiri took the Finnish delegation on a tour of the Zayed Educational Complex, showcasing its advanced infrastructure. The complex features cutting-edge classrooms, laboratories, playgrounds, and creative spaces designed to nurture a culture of innovation and provide students with a comprehensive, forward-thinking educational environment. These facilities reflect the UAE’s aspirations to build a sustainable, innovation-driven educational system for the future.

This productive meeting exemplifies the growing partnership between the UAE and Finland in the field of education, underlining the shared commitment to advancing the national education systems of both countries.

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The medal was presented by Rashid Saeed Al Shamsi, the UAE Ambassador to Chad, who conveyed the UAE’s appreciation for Ibrahim’s efforts. Oumarou Ibrahim expressed heartfelt gratitude to President Mohamed bin Zayed Al Nahyan for the honor and praised the landmark UAE Consensus reached during COP28. This consensus has since become a vital reference for global climate action and sustainability.

Ambassador Al Shamsi also took the opportunity to congratulate Ibrahim on receiving the award. He highlighted Chad’s active participation in COP28 and its strong endorsement of the UAE Consensus, which has played a key role in fostering international cooperation to protect both humanity and the environment.

This award underscores the UAE’s commitment to recognizing individuals who drive positive change in the global fight against climate change and who advocate for the sustainable future of our planet.

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