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COMMERCIAL NEWS

Dubai Investments buys 9% stake in UK-based digital bank

Jan 27, 2023 8:00 AM

Dubai Investments (DIC) has acquired a 9% equity stake in Monument Bank Limited a UK-based digital bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK). Monument...

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Emirates NBD 2022 profit rises 40% to top $3.5bn Jan 26, 2023 12:57 PM

Emirates NBD a leading bank in the UAE has posted net profit of...

SIB posts record net profit of $177m in 2022, a 26.6pc jump Jan 26, 2023 9:37 AM

Sharjah Islamic Bank (SIB) has seen its net profit jump 26.6% to...

ASDA’A BCW names Halawani as Executive VP Client Services Jan 25, 2023 4:44 PM

ASDA A BCW a leading communications consultancy has appointed Rami...

Japanese team briefed on UAE’s tourist 100pc tax refund Jan 25, 2023 4:04 PM

An official delegation from Japan visiting the Federal Tax Authority...

Mastercard, ZoodPay to launch first virtual installment card Jan 25, 2023 1:29 PM

ZoodPay a leading digital lending platform for e-commerce has tied...

Payment gateway solutions provider ‘Telr’ opens HQ in DSO Jan 26, 2023 11:46 AM

Telr the provider of smart payment gateway solutions for SMEs government...

Emirates Islamic profit soars 51% in 2022 to record $340m Jan 26, 2023 9:02 AM

Emirates Islamic s net profit has soared 51% to a record AED1.24...

10pc of large firms ‘will have zero-trust programme by 2026’ Jan 25, 2023 4:26 PM

By 2026 10% of large enterprises will have a mature and measurable...

Azimut enters groundbreaking partnership with UniCredit Jan 25, 2023 1:37 PM

Azimut Holding one of the largest asset managers in Europe has signed...

Masdar City names Hub71 start-up ecosystem partner Jan 25, 2023 12:59 PM

Masdar City Abu Dhabi s flagship sustainable urban community and...

Dubai Islamic Bank profits soar 26% to $1.5bn Jan 25, 2023 10:22 AM

Dubai Islamic Bank the largest Islamic bank in the UAE today announced...

Mena M&A transactions top $85 billion in 2022 Jan 24, 2023 2:34 PM

The value of announced M&A transactions with any Mena involvement...

Mena venture debt funding crosses $260m across 18 deals in 2022 Jan 24, 2023 10:33 AM

Venture debt aggregated 260 million across 18 deals in 2022 despite...

High-speed cable assemblies ‘must be considered in data centres’ Jan 25, 2023 8:43 AM

High-speed cable assemblies must be considered in data centres for...

du partners with Dubai authorities to operate 5G drones Jan 24, 2023 1:22 PM

du from Emirates Integrated Telecommunications Company (EITC) has...

UAE gross banks’ assets ‘top $990bn by end-November 2022’ Jan 24, 2023 9:12 AM

UAE s gross bank assets including bankers acceptances increased...

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