Business & Money | Tuesday 11 March, 2025 10:37 am

ADIB shareholders approve AED3.030 billion cash dividend

Abu Dhabi Islamic Bank (ADIB) shareholders, during the Annual General Assembly (AGM), discussed and approved all agenda items, including the election of Board of Directors for a new term and the distribution of a cash dividend of 83 fils per share or 83 percent of capital, representing a total...

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Business & Money | Tuesday 11 March, 2025 10:36 am

Alpha Dhabi, Mubadala’s Credit joint venture reaches US$1 billion portfolio milestone

Mubadala Investment Company and Alpha Dhabi Holding PJSC today announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate US$1 billion portfolio in global credit opportunities. This achievement marks a key step toward the...

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Business & Money | Tuesday 11 March, 2025 10:31 am

AIQ announces $340 million contract for large-scale deployment of agentic AI across ADNOC operations

Building on the successful completion of a transformative proof-of-concept phase, AIQ – a Presight company – announced a landmark US$340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOC’s upstream value chain. The three-year contract will see...

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Business & Money | Tuesday 11 March, 2025 10:28 am

Al-Modawat names Al Rajhi Capital as market maker

Al-Modawat Specialized Medical Co.’s board of directors approved, on March 10, appointing Al Rajhi Capital as a market maker for its shares. In a Tadawul statement, the company said the appointment will be for renewable 12 months from the agreement’s effective date, noting that the move...

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Business & Money | Tuesday 11 March, 2025 10:26 am

PIF launches Al Waha duty-free retailer

The Public Investment Fund (PIF) announced the establishment of Al Waha Duty-Free Company (Al Waha), a travel retailer and the first Saudi-owned duty-free operator. Al Waha, a wholly owned PIF company, will become a leader in travel retail and secure a greater share of passenger spending for the...

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Business & Money | Tuesday 11 March, 2025 10:23 am

CMA approves Bank Albilad’s capital hike to SAR 15B via bonus issue

The Capital Market Authority (CMA) approved today, March 10, Bank Albilad’s request to increase its capital from SAR 12.5 billion to SAR 15 billion by distributing one bonus share for every five shares owned. Eligible shareholders are those registered with the Securities Depository Center...

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Business & Money | Monday 10 March, 2025 11:42 am

Investopia's fifth edition to take place on March 31 in Abu Dhabi

The fifth edition of Investopia will take place in Abu Dhabi from 31st March to 2nd April 2026. It will run over three days instead of two, based on growing interest from existing and new participants. The aim is to create an annual global platform for investment talks, bringing together...

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Business & Money | Monday 10 March, 2025 11:40 am

Sharjah Ramadan Majlis discusses ways to develop economy

The Sharjah Ramadan Majlis 2025 convened on Thursday in Mleiha, focusing on Sharjah’s industrial future and its impact on regional and local economic growth, especially regarding manufacturing. Under the theme “Sharjah: Shaping the Future, Empowering Growth", the event convened in the...

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Business & Money | Monday 10 March, 2025 11:36 am

UAE key player in shaping future of digital trade

The UAE’s Comprehensive Economic Partnership Agreements (CEPAs) with countries worldwide are paving the way for Emirati companies to play a pivotal role in digital trade and shape the future of this sector. As part of its commitment to a future-ready economy, the UAE has successfully...

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Business & Money | Monday 10 March, 2025 11:34 am

Dubai ranked world’s top destination for attracting Greenfield FDI for fourth successive year

Dubai has been ranked the world’s No.1 destination for Greenfield Foreign Direct investment (FDI) projects for the fourth successive year, according to the Financial Times Ltd.’s ‘fDi Markets’ data. In 2024, Dubai attracted AED52.3 billion ($14.24 billion) in estimated FDI capital, a...

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