Dubai Islamic Bank (DIB), the largest Islamic bank in the United Arab Emirates, has launched its first-ever Sustainability-Linked Finance Facilities Financing Framework. This initiative makes DIB the first Islamic bank in the world to create such a framework, which aligns with the International Capital Market Association’s Sustainability-Linked Loan Principles Accroding to MSN, the newly introduced...
Abu Dhabi-based investment company ADQ has formed a partnership with Eni, a global energy technology firm headquartered in Rome, Italy. This collaboration aims to explore strategic areas of cooperation to strengthen supply chains for critical minerals, which are essential for the energy transition The agreement focuses on potential investments across Africa, North America, and Central...
Oman has announced ambitious plans to launch ten new renewable energy projects between 2027 and 2029, aiming for a combined capacity of approximately 2,300 megawatts (MW). This initiative is part of the country’s broader strategy to diversify its energy sources and decrease reliance on fossil fuels. Additionally, two more projects with a total capacity of...
The UAE’s salary guide for 2025 offers insights into earning potential for employees and job seekers across various sectors, including technology, banking, accounting, legal, construction, and human resources. According to The National, the technology sector continues to lead with competitive salaries, driven by rapid digital transformation and innovation. The banking and finance sectors also remain...
Dubai’s General Directorate of Residency and Foreigners Affairs (GDRFA) has introduced ‘Salama‘, an AI-powered digital platform aimed at providing a seamless experience for managing residency services. This new platform allows users to renew or cancel residency permits for their dependents and receive quick responses to general inquiries about visas and residency, all in just two...
Gulf Bank K.S.C.P., one of Kuwait’s leading conventional banks, has successfully signed a $650 million Senior Unsecured Syndicated Term Loan Facility. This marks Gulf Bank’s debut in the international syndicated loan markets and provides a sustainable and diversified financing route for the bank. The loan was coordinated by Emirates NBD Capital Limited and Standard Chartered,...
Dubai Municipality has announced the successful completion of a series of innovative sports fields and courts located in public parks and recreational facilities throughout the city. These new facilities were developed in partnership with leading international companies from the sports, food, and services sectors. The newly designed sports fields and courts can be found in...
The Integrated Transport Centre, known as Abu Dhabi Mobility, in collaboration with Abu Dhabi Maritime, part of AD Ports Group, has officially inaugurated the Al Aliah Island ferry terminal. This new facility aims to improve connectivity for Al Aliah Island and support local development by providing easier ferry access. The terminal is designed to meet...
Egypt-based fintech company MNT-Halan has announced its expansion into the UAE, marking a significant growth phase for the unicorn startup. Co-founder Mounir Nakhla emphasizes that the company has only begun to tap into its full potential, highlighting the mission to redefine financial access for millions. Founded in 2018, MNT-Halan originally launched as a ride-hailing platform....
The United Arab Emirates is exploring innovative methods to address its long-standing issue of drought by leveraging artificial intelligence technology to enhance rainfall. The use of AI technology to enhance rainfall was a major topic at the recent International Rain Enhancement Forum held in Abu Dhabi, where experts discussed potential advancements in rainmaking techniques, particularly...