Hany Sabry, Mohamed Amiri, Zak Hydari, and Eric Swats during the event.
Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International Financial Centre (DIFC) domiciliation.
Sheikh Mohammed Bin Faisal Al Qasimi, Chairman and CEO of MBF Group has signed an investment partnership with Hussain Al-Tantawi, Executive Director of the National Bank of Egypt (NBE), at (DIFC) office, in the presence of Tariq Al Ghazali, General Manager of the Bank’s representative office in the UAE.
Dubai Islamic Bank (DIB), amongst the largest Islamic bank in the world is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a banking group.
du, from Emirates Integrated Telecommunications Company (EITC), has strengthened its partnership with Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, to provide dynamic class leading data centre services.
The Sharjah Finance Department, SFD, recently established a framework worth Dhs4 billion to enhance liquidity for the banking system in the emirate. The move aims to provide additional financial assistance to all businesses impacted by the outbreak of COVID-19.
Dubai-based Emerging Markets Property Group (EMPG) and OLX Group, owners of homegrown technology firms Bayut and dubizzle, have announced the merger of their Mena and South Asia operations to form an Dhs3.6 billion ($1 billion) Dubai-based unicorn company.
Jubail Island Investment Company (JIIC), has awarded continuing infrastructure works contract worth more than Dhs200 million for Jubail Island to Gulf Contractors Company (GCC).