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DUBAI NEWS

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Dubai Islamic Bank Full Year 2019 Group Financial Results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending December 31, 2019.

3 Best Things to Do In Dubai
The numerous events of interest that are celebrated every year and the majestic constructions that are being carried out have made the city of Dubai a lot of fame worldwide.

TRA Hosts The MENA Spectrum Conference
The MENA Spectrum Conference aims through discussion sessions and presentations to foster cooperation and coordination between Arab countries and countries in the region in the field of frequency spectrum.

Deyaar Reports Revenues Of AED 603.7 Million For 2019
The company reported revenues of AED 603.7 million for the year ended 31 December 2019, compared to AED 643.7 million in the same period of 2018. Net profit for 2019 was reported as AED 71.5 million.

E-Dirham Government Services Revenue Reaches AED 22.11 Billion In 2019
The e-dirham government services revenue exceeded AED 22 billion, with AED 13 billion coming from the e-dirham system and AED 9 billion from service points, respectively, in 2019.

Record DWC Passenger Numbers Exceed 1.6 Million In 2019
Dubai World Central (DWC) registered a surge in customer numbers in 2019 with annual traffic exceeding 1.6 million (+81.5%) during 2019.

Maktoum Bin Mohammed Attends Opening Of First Overseas Branch Of Malaysia’s Largest Islamic Bank In DIFC
Maybank Islamic was granted the full Islamic banking licence from the Dubai Financial Services Authority (DFSA) in July 2019, to open a branch in the DIFC making it Malaysia’s first Islamic bank to have a foreign presence.

TRA Launch A New System For Innovation
The new system guides innovative ideas and links them to TRA goals and strategies.

Union Coop To Sponsor The FAZZA Championships For People Of Determination 2020
The largest Consumer Cooperative in the UAE ’Union Coop’ signed a Memorandum of Understanding with the Dubai Club for People of Determination.

Dubai Islamic Bank Participates In The 22nd National Career Exhibition
DIB places a significant focus in supporting the nation’s Emiratization agenda that has a goal to increase UAE nationals working in the public and private sector by a factor of ten.

DWC Passenger Numbers Exceed 1.6 Million In 2019
Dubai World Central, DWC, registered a surge of 81.5 percent in customer numbers in 2019 with annual traffic exceeding 1.6 million.

Gulf Capital Leads US$ 40 Million Series D Investment Round in Vezeeta
Vezeeta, Middle East and Africa’s leading digital healthcare platform secured US$ 40 Million in its Series D round led by Gulf Capital, the Middle East’s largest and most active alternative asset management firm.

Emirates Integrated Telecommunications Company PJSC ("du") Announces 9.3% Growth In Its 2019 Net Profit
On the basis of these results, the board recommended to the shareholders, for the year 2019, a dividend distribution of 34 fils per share out of which 13 fils per share have been already paid in August 2019 as an interim dividend.

Maktoum Bin Mohammed Attends Opening Of First Overseas Branch Of Malaysia’s Largest Islamic Bank In DIFC
Maybank Islamic is the Shariah-compliant division of Malaysia’s largest lender Malayan Banking Berhad (Maybank), and one of the leading arrangers in Bloomberg’s Global Sukuk League Table.

How Fast Is Your Website?
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CBD Signs Partnership Agreement With Noor Takaful To Provide Comprehensive Takaful Solutions
Our partnership with Commercial Bank of Dubai (CBD) will focus on delivering Noor Takaful’s customised insurance products to CBD’s customers. Our protection plans and savings solutions are innovative, ethical (Shari’ah compliant) and designed to ensure a positive customer experience!

RTA Destined To Boost Dubai Economy Through Enhanced PPPs
Recognizing the importance of this vision, RTA has delivered a host of projects and initiatives through the PPP model; opening up new avenues for private sector investment into infrastructure and service projects.

Mohammed Bin Rashid, Saif Bin Zayed Attend ’UAE SWAT Challenge’
The challenge was organised by the Ministry of Interior, in cooperation with Dubai Police.

Emirates NBD Remains UAE’s Top Banking Brand With A Value Of USD 4.13 Billion
Emirates NBD continues to be the UAE’s most valuable banking brand with a USD 4.13 billion brand valuation in the latest edition of The Banker’s annual brand valuation league table.

Brand Dubai Partners With RTA To Create New Art Experiences In City’s Parking Spaces
Government of Dubai Media Office: Brand Dubai, the creative arm of the Government of Dubai Media Office, announced that it is partnering with the Roads and Transport Authority (RTA) to launch a project to creatively revitalise parking spaces in key areas of Dubai.

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