Business & Economy

40 article
SIB launches strategic rights issue to raise gross proceeds of up to AED 2.59 billion

SIB launches strategic rights issue to raise gross proceeds of up to AED 2.59 billion

Sharjah, 30 March 2026: Sharjah Islamic Bank PJSC (“SIB” or the “Bank”) during its Annual General Meeting (“AGM”) held on 9 March 2026 has approved to increase its capital through a strategic rights issue aimed at raising gross proceeds of up to AED 2.59 billion. This initiative marks a decisive step to accele...

National Bank of Fujairah PJSC (NBF) posted its third consecutive year of record results; surpassing the AED 1.2 billion net profit milestone for the first time in our history to d

National Bank of Fujairah PJSC (NBF) posted its third consecutive year of record results; surpassing the AED 1.2 billion net profit milestone for the first time in our history to d

24 March 2026: NBF held its Annual General Assembly Meeting (AGAM) today at the DoubleTree by Hilton, Fujairah, United Arab Emirates, where shareholders approved the Chairman's and Directors' Reports, and the Internal Shari'ah Supervision Committee Report for NBF Islamic, the Islamic banking window of NBF. The bank's consolidated financial state...

Hotpack honors outstanding talent and innovation at CEO Excellence Awards 2026'

Hotpack honors outstanding talent and innovation at CEO Excellence Awards 2026'

Dubai, UAE - March 23, 2025: Hotpack, the UAE-based leader in sustainable packaging solutions, hosted its annual ‘CEO Excellence Awards 2026’ recently in Dubai, in recognition of the outstanding contribution of individual employees, teams and projects across the operations of the company. The ‘CEO Excellence Awards’ has b...

Invictus Investment publishes 2025 ESG report

Invictus Investment publishes 2025 ESG report

Third publication demonstrates continued progress in embedding ESG principles across the company's rapidly scaling agro-food operations Dubai, United Arab Emirates, 12 March 2026: Invictus Investment Company PLC (ADX: INVICTUS), a leading holding company specialised in agro-food commodities across the Middle East and Africa, today announced the ...

Orient Insurance Board Approves AED 500 Million Cash Dividend for 2025

Orient Insurance Board Approves AED 500 Million Cash Dividend for 2025

Dubai, United Arab Emirates; 2 March 2026: Orient Insurance, a subsidiary of Al-Futtaim, announced that its Board of Directors approved the distribution of cash dividends during its meeting on 2 March 2026. The approved dividend amounts to 100% of the company’s share capital, with a total value of AED 500 million (equivalent to AED 100 per...

ICICI Prudential Asset Management Company Limited Inaugurates it's DIFC Branch

ICICI Prudential Asset Management Company Limited Inaugurates it's DIFC Branch

Expands Global Footprint to Connect with Global Investors Dubai, February 28, 2026: ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC), one of India’s largest asset management company, today inaugurated its branch in Dubai International Financial Centre (‘DIFC’), marking a significant step in its overseas ...

EGA delivers strong underlying financial performance and record sales in 2025

EGA delivers strong underlying financial performance and record sales in 2025

Abu Dhabi, United Arab Emirates, 27 February 2026: Emirates Global Aluminium, the largest 'premium aluminium' producer in the world, and the largest industrial company in the United Arab Emirates outside the oil and gas sector, today announced the closing of a $5 billion multi-tranche debt financing. The transaction supports EGA's strategic init...

Exus Renewables to acquire stake in Masdar's Portuguese wind portfolio

Exus Renewables to acquire stake in Masdar's Portuguese wind portfolio

Exus to acquire 60 percent stake in portfolio of nine wind farms located in northern and central Portugal Masdar is repowering the portfolio, which will increase total operational capacity to 164MW, with plans to codevelop 110MW of additional solar capacity Agreement will support both companies' expansion plans, while accelerating Portugal's ene...

Funded Forex Account Explained: From Signup to First Payout

Funded Forex Account Explained: From Signup to First Payout

If you’ve spent any time around forex traders lately, you’ve probably heard the term "funded account" more times than you can count. It sounds simple on the surface: trade with a prop firm’s capital and keep a share of the profits. But once you look more closely, the journey from signing up to seeing your first payout is where ...

Building the Future: HMH's Commitment to People, Planet, and Partnerships

Building the Future: HMH's Commitment to People, Planet, and Partnerships

Dubai, UAE (February 25 , 2026) - In an era where the hospitality industry is being called upon to lead by example, HMH continues to strengthen its commitment to sustainable growth by embedding environmental responsibility, people-first values, and collaborative partnerships at the core of its operations. HMH’s approach to sustainability i...

Sultan bin Ahmed launches Invest Bank's new identity

Sultan bin Ahmed launches Invest Bank's new identity

Sharjah 25, February 25, 2026: His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of the Board of Directors of Invest Bank, witnessed on Monday evening the launch of the new corporate identity and the announcement of Invest Bank's financial results at the House of Wisdom. In his speech at the ceremony...

EGA delivers strong underlying financial performance and record sales in 2025

EGA delivers strong underlying financial performance and record sales in 2025

Strong underlying financial performance supported by favourable aluminium prices. Underlying EBITDA up 7 per cent to AED 9.28 billion ($2.53 billion). Record metal sales of 2.83 million tonnes, with 81 per cent as value-added 'premium aluminium', including record low-carbon primary and recycled aluminium sales up 70 per cent to 196 thousand tonn...