Emirates NBD, one of the UAE’s leading financial institutions, hasled the successful closure of a £140 million senior financing transaction for a prime Purpose-Built Student Accommodation (PBSA) asset in central London, in collaboration with Abu Dhabi Islamic Bank (ADIB). This 50/50 club deal marks a significant collaboration between the two banks and enhances the UAE’s
The Association of Chartered Certified Accountants (ACCA) is calling on SMEs and individuals to take decisive action in reviewing and managing their finances as 2024 draws to a close. Against a backdrop of rising costs, fluctuating income, and increasing regulatory demands, conducting a robust year-end financial review is essential for maintaining resilience and positioning for
Space42 (ADX: SPACE42), the UAE-based AI-powered SpaceTech company with global reach, announced that it has signed anAED 18.7 billion (USD5.1 billion) contractwith the UAE Government to provide critical, secure communication services for a further 17 years beyond 2026until 2043. The contract reinforces Space42’s strong financial profile, making up a significant majority of its AED 26
Driven by its customer-centric approach and its commitment to customer safety without compromises, Al-Futtaim Automotive has intensified the fight against counterfeit spare parts in the UAE. In 2024 alone, the company conducted 20 targeted raids in Sharjah, Northern Emirates, and Al Ain, confiscating over 2.5 million fake components valued at nearly AED 7.46 million. These include
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in the UAE, has expanded its footprint with the opening of three new customer centres in Dubai and Northern Emirates, reinforcing its commitment to accessible, innovative, and customer-centric banking solutions across the UAE. The three new centres included a flagship branch in Hamidiya in Kanz
Zand, the UAE’s first fully licensed, AI-powered digital bank, is proud to announce the launch of its Digital Asset Custody services. This innovative offering, approved by the Virtual Asset Regulatory Authority (VARA), positions Zand as the first UAE bank to provide institutional-grade digital asset custody services under its banking license. Designed for corporate and institutional
Sav, the UAE’s leading money management platform, today announced a strategic alliance with Travelwings.com, a leading online travel agency offering a diverse array of flights, holiday packages, hotel accommodations, car rentals and cruises worldwide. Through this partnership, Sav reinforces its “Save Now, Buy Later” approach, encouraging users to plan financially responsible travel while avoiding the
