Business & Money | Tuesday 25 October, 2022 2:52 pm

Dubai Islamic Bank Nine Months 2022 Group Financial Results

Significant increase in profitability of 34% YoY to reach to AED 4.1 billion, highest ever nine-month performance in history.Considerable rise in total income by 10% YoY to AED 10 billion.Improving impairment provision coverage to 76% (up 400 bps YTD) exhibiting DIB’s prudent risk...

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Business & Money | Tuesday 25 October, 2022 2:49 pm

ARABIAN CENTRES’ BOARD APPROVES SAR 2 BILLION NON-CORE LAND SALE PROGRAMME

Sale of 17,733 sqm of land, located in the Olaya district in Riyadh, is the first asset to be sold off as part of the programmeCompany will sell land for a total price of ~SAR230.5 millionThe sale is part of the company’s Board of Directors’ approved programme for the sale of non-core land...

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Business & Money | Tuesday 25 October, 2022 8:05 am

NBB Collaborates with Mastercard to Launch 100% Recycled Cards

The National Bank of Bahrain (NBB) has recently announced its shift to 100% recycled plastic cards in partnership with Mastercard. This long-term initiative is part of the bank’s ongoing efforts to embed environmental sustainability within its daily operations. In addition to the bank’s...

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Business & Money | Monday 24 October, 2022 5:53 pm

Third Saudi-Spanish Joint Committee concludes with renewed focus on economic cooperation and knowledge transfers

The third Saudi-Spanish Joint Committee (SSJC) concluded in Madrid with a renewed emphasis on strengthening bilateral economic cooperation and enhancing knowledge transfers between both nations.  The Saudi delegation’s visit to Spain included the third meeting of the SSJC, the...

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Business & Money | Monday 24 October, 2022 4:30 pm

Work-Life Balance, Myth or Reality?

The new Bayt.com Study deep dives into the ever-raging debate of balancing personal and professional lives. The results may surprise you. Bayt.com, the Middle East’s #1 Job Site, has recently conducted a survey to explore the effect of work-life balance on performance, morale and commitment...

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Business & Money | Monday 24 October, 2022 4:10 pm

UAE Banks Federation fuels digital transformation of banking sector

Webinar on digital banking and financial technology discusses latest global trendsFinTech innovation to consolidate the leadership of the banking sector in the UAE to provide best services to customers in a safe and seamless environmentUAE Banks Federation, the unified representative and voice of...

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Business & Money | Monday 24 October, 2022 2:14 pm

PIF Launches Halal Products Development Company

·       HPDC will develop the Halal production industry by partnering with key players and providing specialized advisory services domestically and globally, to increase efficiency and innovation and promote opportunities·       The...

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Business & Money | Monday 24 October, 2022 1:53 pm

DIFC Launches Programme with Global Ethical Finance Initiative Aligning with the UAE’s COP28 Agenda

Programme aligns with the UAE’s COP28 agendaDIFC is host financial centre for 12-month path to COP28 programme, working with Global Ethical Finance Initiative (GEFI)DIFC and GEFI invite members of global finance community to join the programmeDubai International Financial Centre (DIFC), the...

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Business & Money | Monday 24 October, 2022 1:16 pm

Nemetos Acquired by Remarkable Group and Joins Forces with Tanasuk

Combining over 25 years of expertise to lead the way in composable commerce technology , Remarkable Group announced they have successfully acquired Nemetos, a leading cloud commerce specialist agency based in the UK and Europe. The company will be merged with Remarkable’s existing...

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Business & Money | Monday 24 October, 2022 8:15 am

Arcapita Expands in Saudi Arabia, Opens Riyadh Office

Global alternative asset manager to target series of strategic investments in the Kingdom Arcapita Group Holdings (“Arcapita”), the global alternative investment firm, has formed Arcapita Capital Company, a new subsidiary licensed by the Capital Market Authority of Saudi Arabia with...

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