Business & Economy
Union Properties resolves legacy debt with new Motor City sale
Union Properties has concluded its comprehensive recovery plan, which was designed to resolve all legacy debt settlements and…
Category: Business & Economy
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Business & Economy
Investcorp Capital appoints Sana Khater as Chief Executive Officer
Abu Dhabi-headquartered Investcorp Capital, an alternative investment company in private markets, has announced Sana Khater as its new…
Business & Economy
Dubai Islamic Bank executes the first Islamic finance deal with Turkish Airlines
Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the UAE, has executed Turkish…
Business & Economy
UAE Corporate Tax: Businesses must register July 31 or face $2,723 penalty
The Federal Tax Authority (FTA) has renewed its call for Corporate Tax registrants who have not yet registered…
Business & Economy
UAE central bank suspends foreign insurer’s motor business over solvency issues
The Central Bank of the UAE (CBUAE) has suspended the motor insurance business of a foreign insurance company’s…
Business & Economy
Joyalukkas secures AED500m capital boost from Emirates NBD for global expansion
In a landmark financial move that reinforces its global ambitions, Joyalukkas, one of the world’s largest jewellery retailers,…
Business & Economy
UAE central bank follows Fed lead and maintains base rate at 4.4%
This decision was taken following the US Federal Reserve’s announcement to keep the Interest Rate on Reserve Balances…
Business & Economy
Estithmar Holding net profit doubles to $128mn in H1 2025
Estithmar Holding Q.P.S.C. has announced financial results for the six months ending 30 June 2025, reporting a net…
Business & Economy
First Abu Dhabi Bank opens new London branch, marking 48 years in the UK
First Abu Dhabi Bank (FAB), the UAE’s largest lender, opened its new London branch at 20 Berkeley Square…
Business & Economy
Al Ramz net profit jumps to AED 18.8mn in H1 2025
Al Ramz Corporation PJSC reported a sevenfold increase in first-half net profit on Tuesday, driven by strong performance…