Press Release
Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year Sukuk
Ajman, UAE, 25th April 2025, Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic Bank incorporated and headquartered in the Emirate of Ajman, successfully priced a USD 500 million 5-year Sukuk at a credit spread of 130 basis points over the United States treasury rate, which equates to a fixed profit rate of 5.125% per annum. The transaction garnered a high-quality orderbook peaking over USD 2.7bn, representing a 5.4x oversubscription rate, with participation from 100+ investors. The transaction represents the Bank’s first Sukuk issuance ever, marking a milestone in the bank’s capital markets journey and allowing it to further diversify its funding platform.
Given this transaction marks Ajman Bank’s debut in the international capital markets, the Bank conducted an extensive marketing exercise by meeting with investors in Hong Kong, Singapore, Malaysia, London and the UAE. During the investor meetings, the Bank communicated its new and revamped business strategy, which will result in improved financial performance and position the bank for future growth in the UAE’s vibrant economy.
The transaction attracted demand from some of the largest international and regional institutional investors, allowing the Bank to achieve an extensive geographic diversification with 35% allocated to international investors and 65% of the size allocated to regional investors.
Mr. Mustafa Al Khalfawi, Ajman Bank’s Chief Executive Officer, said “We are pleased with the success of our inaugural Sukuk issuance and the strong response from investors which highlights the confidence placed by international and regional investors in Ajman Bank, the growing prominence of the Emirate of Ajman and the robustness of the broader UAE economy. Investors welcomed Ajman Bank’s ambitious growth strategy, its firm commitment to enhancing asset quality, and appreciated the opportunity to engage with a new name in the market. Additionally, they expressed their comfort and positive views on the UAE’s operating environment and robust economy”.
Ajman Bank took a bold initiative by opportunistically accessing the market despite prevailing uncertainty stemming from the impact of trade tariffs imposed by the United States earlier this month. The Bank announced its intention to issue a debut Sukuk on Tuesday morning and conducted calls throughout the day with European, Asian and US fund managers. On the back of positive investor feedback, the team decided to accelerate execution and close the transaction on Wednesday.
Initial Price Thoughts (IPTs) of U.S. treasuries plus 165 basis points were released to the market on Wednesday morning, with final pricing of U.S. treasuries plus 130 basis points released by London noon. The 35 basis points price tightening, and the ability to lower pricing in one iteration, reflects the high quality of the orderbook which comprised some of the world’s largest fund managers, banks, pension fund and insurance companies.
Ajman Bank is rated BBB+ by Fitch with a stable outlook. The Sukuk will be rated BBB+ by Fitch and will be listed on the London Stock Exchange’s International Securities Markets and Nasdaq Dubai. The Joint Global Coordinators on the transaction were Standard Chartered Bank, Emirates NBD Capital, First Abu Dhabi Bank and J.P. Morgan also acted as Joint Lead Managers and Bookrunners alongside Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Bank ABC, Citi, Dubai Islamic Bank, KFH Capital, Mashreq, QNB Capital, Sharjah Islamic Bank, The Islamic Corporation for the Development of the Private Sector and Warba Bank.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
One hundred days into his second term, U.S. President Donald Trump and his “America First” policy are facing mounting challenges, according to new CGTN polls.
In February and April this year, CGTN conducted two global public opinion surveys involving 15,947 respondents from 38 countries.
Findings show a sharp decline in American public satisfaction with Trump’s governance. His tariff-centric approach and “America First” policy have triggered growing pessimism among respondents from both traditional U.S. allies and the Global South regarding future relations with the United States. The administration now faces a serious global trust deficit.
Global confidence in the U.S. declines
In the April survey, 48.9 percent of American respondents expressed dissatisfaction with Trump’s performance since taking office. Of those, 53.1 percent criticized his “reciprocal tariffs” policy for damaging the U.S. stock market, while 60.4 percent believed his domestic economic policies failed to control inflation and instead caused price increases. Meanwhile, 54 percent expressed serious concerns about his interest rate policies.
Discontent is also rising globally. Respondents from key U.S. allies expressed deep concern over strained ties with Washington. In France, Germany, Canada, Japan, and South Korea, more than 70 percent of respondents were pessimistic about their countries’ future relations with the U.S. Many cited the belief that the “America First” doctrine has made the U.S. less attentive to its allies. This sentiment was strongest in South Korea, where 87 percent strongly agreed, and over 70 percent in the UK, Germany, Canada, Australia, and Italy shared the view.
Likewise, confidence among Global South countries has rapidly declined. Of the 23 surveyed, 19 expressed pessimism about future ties with the U.S. In South Africa, Egypt, Peru, Indonesia, and Malaysia, optimism dropped by more than 20 percentage points.
Tariff bullying damages global public’s goodwill towards the U.S.
Both surveys found widespread opposition to U.S. tariff policy. Some 74.2 percent of global respondents believe the policy will seriously harm their countries’ economic development – a figure up 16.3 percentage points in just two months. Disapproval grew most in Saudi Arabia and Serbia, where negative views surged by 28.5 percentage points.
In Southeast Asia, countries like Vietnam, the Philippines, Thailand, Indonesia, and Malaysia – seen as “hard-hit areas” of U.S. tariffs – have shown growing resistance. Among respondents in these five countries, 60.2 percent believe “strengthening export controls and unilateral sanctions” harms their national development, up 15.5 percentage points from the previous survey. Meanwhile, 69.4 percent opposed “limiting investment by foreign technology enterprises” (up 14.3 percentage points), and 61.5 percent viewed U.S. “reducing dependence on foreign imports and supply chains” as detrimental to their countries (up 12.3 percentage points).
China’s firm countermeasures against U.S. tariffs received strong global backing. In 37 out of 38 countries surveyed, majorities supported China’s actions. Support among developing countries was especially strong – 13 countries, including Kenya, Egypt, Brazil, Kazakhstan, Nigeria, Malaysia, the UAE, and South Africa, saw support rates above 70 percent, with Kenya topping the list at 82.5 percent. Among developed countries, the UK led the G7 with a 70.5 percent support rate, followed by Canada (69.5 percent), Germany (66 percent), and France (65.5 percent).
The surveys were jointly conducted by CGTN and Renmin University of China via the Institute of International Communication in the New Era. Respondents included individuals from developed countries such as the U.S., the UK, France, and Japan, as well as from developing nations including Mexico, South Africa, and Malaysia.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
IT-company Reputation House is the only one company from Dubai to be recognized as the winner this year
United Arab Emirates, 30th Apr 2025, – Reputation House, an IT-company based in Dubai, has been announced a winner at the American Business Awards (The Stevie® Awards) for its IT solutions in online reputation management. The company was recognized as a Gold Winner in two categories: Innovation of the Year (Business Services Industries) and Most Innovative Tech Company of the Year (Up to 100 Employees). Additionally, Reputation House received the Bronze Stevie® Award for Best Data Tools & Platforms.
This marks the second consecutive year the U.S. business community has honored Reputation House; the company captured one Gold and one Silver Stevie in 2024.
“Our 2025 tech expansion is about turning a once-traditional agency into a product-first software company,” said Dima Raketa, CEO of Reputation House. “Winning two Gold Stevies at America’s most respected business awards tells us we’re on the right path: our ecosystem of four interconnected tools will be redefining how global brands protect and grow their reputations. And we are just getting started.”
Kristina Shinkareva, COO, added: “This recognition belongs to our entire team — engineers and developers, data analysts, customer specialists, and every talent of Reputation House — whose hard work has turned big ideas into practical solutions that companies rely on every day.”
This year, Reputation House launched a full-scale technological transformation, unveiling four top-tier solutions that put complete online reputation control in clients’ hands. The new ecosystem starts with Reputation House Scan, which monitors mentions in 20+ languages, grades sentiment, and alerts teams to risks in real time. Account Control Center lets brands safely ignite and guide conversations across forums and social media, while the upgraded Reputation Check delivers fast, high-accuracy background reports on any partner, employee, or client. Rounding out the suite, the SERM Platform boosts search-engine rankings and surfaces positive content to the top of results pages.
Together, these tools mark Reputation House’s shift from a traditional agency to a product-driven tech company—and set a new standard for how businesses protect and grow their digital presence.
To learn more about Reputation House, visit: www.reputation.house
Media Contact
Organization: Reputation House
Contact
Person: Media Relations
Website:
https://www.reputation.house/
Email:
pr@reputation.house
Country:United Arab Emirates
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Under the patronage of Maktoum bin Mohammed DIFC to host 3rd edition of Dubai FinTech Summit on 12 and 13 May 2025
- His Highness: Summit reflects Mohammed bin Rashid’s vision of establishing Dubai as a global financial powerhouse
- Summit to draw over 8,000 attendees and 300 speakers from more than 100 countries, and over 1,000 investors alongside top decision makers, thought leaders and experts
- Essa Kazim: Through the summit, DIFC continues to showcase the tremendous opportunities for AI, FinTech and innovation companies in Dubai
- Future Sustainability Forum will be incorporated into the summit for the first time
- FinTech World Cup gives start-ups a platform to display solutions to investors, venture capitalists, and strategic partners
Dubai, UAE, 30th April 2025, ZEX PR WIRE, “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai’s pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.”
– His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC
Government of Dubai Media Office – 13 April 2025: The Dubai International Financial Centre (DIFC) is set to host the third edition of the Dubai FinTech Summit on 12 and 13 May 2025, at the Madinat Jumeirah, Dubai, under the theme ‘FinTech for All’. The Summit, held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, will bring together global industry leaders, innovators, and policymakers to explore the latest trends and insights driving the FinTech sector.
His Highness Sheikh Maktoum bin Mohammed said: “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai’s pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.”
Drivers of FinTech growth
The FinTech sector continues to grow and by 2030 global revenues are expected to reach $1.5 trillion, representing an estimated 7% of the total financial services market. This growth is driven by advancements in artificial intelligence, blockchain and digital banking, creating new opportunities for financial institutions and technology companies worldwide.
Dubai FinTech Summit is at the heart of these developments. Its agenda will address the future of finance, financial innovation and regulatory compliance, while highlighting the challenges and opportunities the sector presents. It will also cover the latest in key areas such as blockchain technology, AI-driven services, and digital banking. Furthermore, the summit will explore investment trends, global economic shifts, and cross-border regulations.
Attracting talent
His Excellency Essa Kazim, Governor of DIFC said: “Through the Dubai FinTech Summit, DIFC continues to showcase the tremendous opportunities AI, FinTech and innovation companies can access when they establish in Dubai. As we relentlessly foster an environment of innovation and excellence, we are solidifying Dubai’s position as one of the world’s foremost destinations for FinTech talent and investment.”
Accompanying exhibition and Future Sustainability Forum
Providing a global platform for innovation, building partnerships and driving the next wave of FinTech advancements, the Summit will also feature an exhibition with 200 exhibitors.
The Future Sustainability Forum will be incorporated into the Dubai FinTech Summit for the first time, and the alignment is reflected in the Summit’s theme of ‘FinTech for All’. Associated sessions will highlight accessibility, inclusivity and empowerment in the financial sector.
Key speakers
Amongst the distinguished lineup of speakers are His Excellency Marko Primorac, Deputy Prime Minister and Minister of Finance of Croatia; His Excellency Gilles Roth, Minister of Finance, Luxembourg; Timothy Adams, President and Chief Executive Officer, Institute of International Finance (IIF), USA; Tony O Elumelu, Chairman of United Bank for Africa and Founder of Tony Elumelu Foundation, Nigeria; and Vijay Shekhar Sharma, Founder & Chief Executive Officer, Paytm, India.
The Summit will feature start-up and country pavilions in the exhibition arena to showcase cutting-edge solutions from emerging and established players. Additionally, the FinTech World Cup will give promising FinTech start-ups a global platform to display their solutions to investors, venture capitalists, and strategic partners, and an opportunity for investors to find the next big idea.
Reflecting the continued importance of FinTech to the finance industry, the event is being supported by Emirates NBD as Premium Banking Partner, Commercial Bank of Dubai as Strategic Banking Partner; Relm Insurance as Strategic Partner; Presight as AI Industry Leader; Pay10 and Alibaba Cloud as Platinum Sponsors; Seoul FinTech Lab as a Pavillion Partner; and Business Sweden as the Country Partner.
Registrations for Dubai FinTech Summit are now open at dubaifintechsummit.com.
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 3rd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,000+ investors and policy makers, signalling increased appetite for growth opportunities in the region.
Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The Summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.
The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, global economic trends, blockchain and cryptocurrency, regulatory compliance, and investment outlook. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.
For more information, contact:
Shadi Dawi
Sr. Director – PR, Comms., & Media
M: +971 55 498 4989 | E: shadi@tresconglobal.com
Media partners include:
Entrepreneur ME – Ecosystem Partner
Arabian Business – Business Media Partner
The FinTech Times – Newspaper Partner
Finance World Magazine – Finance Magazine Partner
The Technology Express – Technology Intelligence Partner
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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