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The government T-Sukuk opens today: 5.06% for five years, from Dh1,000
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| The Ministry of Finance's second retail T-Sukuk takes subscriptions from today until 28 September: a five-year sovereign instrument paying 5.06% a year, with profit paid twice a year, a Dh1,000 minimum and a Dh50 million target, open to UAE nationals and residents. You need an Investor Number (NIN) first, then you order through the Dubai Financial Market (DFM) eIPO platform, the iVestor app, the DFM app or a receiving bank's digital channels, with Emirates NBD as lead bank; allocation is 29 September, excess money comes back by 30 September and it lists on Nasdaq Dubai on 1 October. It's five-year money, not rainy-day money, so only commit what you won't need before then (information, not advice). |
| 2Dubai's 10 days of mourning: what changes this week | | Dubai Media Office confirmed 10 days of mourning from 21 September for Sheikh Ahmed bin Rashid Al Maktoum, with flags at half-mast, and the Dubai Fountain show has been suspended until further notice. Condolences are being received at the Zaabeel Majlis today and Thursday from 10am until dhuhr prayer, and again after asr prayer until maghrib. If you'd planned a Downtown evening around the Fountain, check before you go, because there's no official date yet for the shows to return. |
| 3Iran's Hormuz offer comes with an 'if' in the middle of it | | Iran has offered, through mediators, to reopen the Strait of Hormuz within seven days if Washington eases military pressure and ends its blockade of Iranian ports, Kyodo and Reuters reported citing a senior Iranian official, with the proposal delivered six days before Tuesday's reports. Marco Rubio told NBC: "We're open to that. I don't think anything is scheduled at this point," and President Pezeshkian is due to address the UN General Assembly today. For travel, Dubai Airports says up to 36 weekly European flights return from 25 October, starting with Lufthansa to Munich and Frankfurt, but Air Arabia and flydubai were still cancelling some Bahrain, Saudi and Kuwait flights on Tuesday, so check your booking before you leave for the airport. |
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