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Islamic Development Bank’s $1.7b bond records on Nasdaq Dubai

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This is IDB’s second sukuk posting in Dubai this year

The Islamic Development Bank has recorded its $1.7 billion bond on Nasdaq Dubai. The posting fortifies IDB’s situation as the biggest ‘supra-public’ sukuk guarantor on Nasdaq Dubai with $18.8 billion through 13 issuances recorded on the trade starting around 2016.

“The new posting of our milestone sukuk issuance reaffirms IDB’s obligation to prepare maintainable capital streams on the rear of our top-level AAA-rating and give practical financing to our part nations’ recuperation from the pandemic,” said Dr. Zamir Iqbal, Vice-President of Finance and Chief Financial Officer of Islamic Development Bank. The 5-year sukuk pulled in more than $2.4 billion worth of orders.

This issuance is the second posting by IDB on Nasdaq Dubai this year. The bank recorded its second ‘maintainability’ sukuk of $2.5 billion in April last. It braces Dubai’s situation as one of the biggest sukuk posting settings universally, with a joined worth of $80.1 billion. It has likewise expanded the all out worth of fixed pay postings on the trade to $108.8 billion.

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Abu Dhabi launches ‘Safety Patrol’ to protect homes and workplaces

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The Abu Dhabi Civil Defence Authority has launched a new ‘Safety Patrol’ initiative aimed at raising awareness and enhancing emergency readiness across industrial, commercial, and residential facilities in the emirate.

In line with the UAE’s Year of Community, the Safety Patrol conducts on-site visits to assess safety standards, promote awareness, and provide hands-on training. The goal: to empower both individuals and institutions with the knowledge and tools needed to prevent and respond to emergencies.

The patrol offers preventive guidance, evaluates site readiness, and hosts training sessions to improve safety compliance and response efficiency. Facilities that meet prevention standards are awarded Safety Certificates, while others may receive Observation Cards as informal notices for improvements.

Adding a practical incentive, the initiative also offers Safety Vouchers, which provide discounts on safety equipment to encourage better preparedness.

Authorities say the Safety Patrol represents a proactive approach that merges public awareness with action, reinforcing Abu Dhabi’s wider commitment to protecting lives, property, and community wellbeing.

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flydubai to resume daytime flights to Jordan and Lebanon from Tuesday

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Dubai-based airline flydubai will resume daytime flights to Jordan and Lebanon starting Tuesday, June 17, as regional tensions continue to disrupt air travel across the Middle East.

The airline had warned passengers of ongoing disruptions due to congested airspace and shifting geopolitical conditions. Travellers should expect delays, cancellations, and rerouted journeys.

Flights to Iran, Iraq, Israel, and Syria, however, will remain suspended until at least June 20. Services to Minsk and St. Petersburg are also expected to resume on Tuesday.

Ongoing Regional Disruptions

The update follows a tense weekend across the region, with multiple airspace closures and increased military activity prompting several airlines, including Emirates, Etihad, Air Arabia, and Wizz Air Abu Dhabi, to modify flight routes and schedules for safety.

flydubai emphasised that safety remains its top priority and confirmed it would continue to monitor conditions closely.

What Passengers Should Do

Travellers are urged to keep their contact information updated via the “Manage Booking” section on flydubai.com and to check flight statuses regularly for the latest updates.

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UAE announces Hijri New Year holiday on Friday, June 27

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Public and private sector workers in the UAE can look forward to a long weekend this month, as the country marks the Islamic New Year (Hijri New Year) with a one-day public holiday on Friday, June 27.

The Federal Authority for Government Human Resources has confirmed the date for public sector employees.

Private Sector Holiday Details

Meanwhile, private sector employees across the UAE will enjoy a paid holiday on Friday, June 27, in observance of the Islamic New Year (marking the start of Hijri year 1447 AH). For those with a Friday-Sunday weekend, this translates into a fantastic three-day break, with regular work resuming on Monday, June 30.

  • Holiday Date: Friday, June 27 (paid holiday)
  • Occasion: Islamic New Year (Hijri 1447 AH)
  • Long Weekend: Employees with a Saturday/Sunday weekend will enjoy a 3-day break (June 27-29).
  • Work Resumes: Monday, June 30.

What is Hijri New Year?

The Hijri New Year, also known as Islamic New Year, commemorates the Hijrah, the migration of the Prophet Muhammad (PBUH) from Mecca to Medina in 622 CE, which marks the beginning of the Islamic lunar calendar.

While it’s a quieter occasion compared to Eid Al Fitr or Eid Al Adha, it holds spiritual significance for Muslims around the world and is recognised as an official public holiday in the UAE.


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