ADNIC achieves net profit of Dhs 205.2 million for H1-24

Abu Dhabi National Insurance Company (ADNIC) has announced that for the six-month period ended 30th June 2024, profit before tax has grown by 10% year-on-year to Dhs224.3 million, while net...

SWFI founder honoured as Freeman of the City of London at GWC

Gulf Today, Staff Reporter Lakshmi Narayanan, Chairman of the Sovereign Wealth Fund Institute (SWFI), has been awarded the prestigious title of Freeman of the City of London during the highly...

CBUAE launches ‘Zero Bureaucracy’ initiative

The Central Bank of the United Arab Emirates (CBUAE) has launched its “Zero Bureaucracy” initiative in the financial sector, aligning with the vision and objectives of the UAE Government’s wider...

Adnoc awards 3% interest in SARB, Umm Lulu concession to SOCAR

Adnoc announced on Friday it has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the...

Mbank signs MoU with DMCC

Al Maryah Community Bank (Mbank), the UAE’s pioneer digital bank, has entered into a Memorandum of Understanding (MoU) with Dubai Multi Commodities Centre (DMCC), with the aim of streamlining the...

Alpha MBM Investments assumes role as founding shareholder and key partner in Abu Dhabi's space eco park and satellite city project

Gulf Network In a significant move for advancing space technology and industry in the Middle East, Alpha MBM Investments, a private investment office of Sheikh Mohammed Bin Maktoum Bin Juma...

BOJ keeps ultra-low rates, sees inflation staying near the target

The Bank of Japan (BOJ) kept interest rates around zero and highlighted a growing conviction that inflation was on track to durably hit 2 per cent in coming years, signalling...

Gulf Insurance Group (Gulf) B.S.C. (c) – UAE Branches

China’s growth rate accelerates to 5.2%, outpaces top economies

China’s services activity growth accelerated in March as new business rose at the quickest pace in three months, a private-sector survey showed on Wednesday, a sign sentiment was staging a...

Deyaar’s FM unit announces new brand identity ‘Ontegra’

Deyaar Facilities Management, a leading facility management (FM) solutions provider and subsidiary of Deyaar Development, has announced its rebranding as ‘Ontegra’ to embark on a progressive future towards integrated, technology-driven...