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Sharjah Islamic Bank Introduces Priority Rights Offering to Raise 2.59 Billion Dirhams
The Sharjah Islamic Bank (SIB) has announced, during its annual general meeting, plans to enhance its capital by launching a strategic rights issue aimed at raising a total of 2.59 billion dirhams. This initiative marks a pivotal step in...
Dubai South Awards AED 2 Billion Contract for “Hayat” Development
Dubai South Properties has announced the appointment of "Mohammed Abdulmohsen Al-Kharafi & Sons" for a contract worth 2 billion dirhams to develop several phases of the "Hayat" project. This project is envisioned as a complete residential community spanning 10...
Empower Anticipates Agreement to Supply City Walk with 17,500 Tons of Cooling Energy
The Emirates Central Cooling Systems Corporation (Empower) has signed an agreement with the real estate development firm, Meraas, a subsidiary of Dubai Holding. This partnership is aimed at providing over 17,500 tons of cooling capacity for the third phase...
The UAE Continues Its International Efforts to Adopt a Multilateral Global Trade System
The United Arab Emirates has reiterated its commitment to mobilizing international efforts to adopt a multilateral trading system based on rules, which serves as a crucial driver for sustainable economic growth worldwide. This assertion comes in light of the...
36% Growth in Assets Under Management at Abu Dhabi Global Market by 2025
Abu Dhabi Global Market (ADGM) is celebrating a decade since its establishment, marking a period of robust growth and strategic achievements that solidify Abu Dhabi's position as a "capital of capital."In recent years, ADGM has successfully attracted substantial international...
‘Omaniyat’ Affirms Its Commitment to the UAE Market with a $11.7 Billion Portfolio
Amanat has reaffirmed its long-term commitment to growth in the UAE, backed by a fully funded development portfolio, strategically located land, and ongoing confidence in the country's robust economic fundamentals.The company is actively working on various projects as part...
Non-Banking Financial Information Included in Credit Reports
The Emirates Credit Information Company has announced the incorporation of non-banking financial data into its database system through new strategic partnerships with government agencies. This initiative aims to enrich the credit reports generated by the Emirates Credit Information Company,...
Abu Dhabi First Hosts Event for Advance in Artificial Intelligence Agents
Abu Dhabi First Bank organized a virtual event focused on the development of artificial intelligence agents, in collaboration with Brisait and with support from Microsoft.The bank revealed that the initiative brought together participants from the bank and various other...
Ajman’s Economy Redefines Competition: Efficiency Triumphs Over Size
The year 2025 marked a significant turning point for Ajman Bank, achieving its strongest financial results to date. The bank reported a pre-tax net profit of 548 million dirhams, reflecting a 25% annual growth, while total revenues rose to...
Digital Storage: Where Do Emiratis Keep Their Data
In light of World Backup Day, Kaspersky has highlighted common patterns in personal data storage and provided practical tips for enhancing their security.The findings reveal that Generation Z and Millennials are predominantly shifting towards digital storage, whereas about one-third...