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Oman Investment Bank advises on $130m investment in Uzum by Omani entities

Oman Investment Bank has completed a 130 million minority investment in Uzum Uzbekistan s leading digital services ecosystem by a consortium of investors led by sovereign entities of Oman. Oman Investment...

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ICICI Prudential AMC opens DIFC branch

ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC) one of India s largest asset management company on Monday (March 9) inaugurated its branch in Dubai International Financial Centre...

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Ithmaar Holding shareholders approve move to raise capital

Shareholders of Ithmaar Holding a Bahrain-based holding company on Sunday (March 8) approved its plan to raise capital which includes the cancellation of accumulated losses against share capital and issuance...

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War tensions push dollar higher, weigh on gold and stocks

Global markets are set to close the first week of March under the growing influence of geopolitical risk stemming from escalating military engagements in the Middle East following the Operation Epic Fury...

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Sharakah provides Shariah-compliant financing to Omani chemicals manufacturer

Sharakah Oman s leading SME development company has signed a memorandum of understanding (MoU) to provide Anfal Industries & Trading Company SPC an Omani-owned manufacturer and distributor of industrial...

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UAE, Japan agree final provisions of CEPA

The United Arab Emirates and Japan have agreed on the final provisions of a Comprehensive Economic Partnership Agreement (CEPA) the first of its kind for Japan with an Arab country. The CEPA is aimed at...

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UAE banking and financial sector strong, stable: says central bank chief

The UAE banking and financial sector is resilient strong stable and well-positioned to navigate regional developments said Khaled Mohamed Balama Governor of the Central Bank of the United Arab Emirates....

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ADIB shareholders approve $959.56m cash dividend

The annual general meeting of Abu Dhabi Islamic Bank (ADIB) a leading financial institution has approved a total payout of AED3.524 billion ( 959.56 million) which is equivalent to 50% of the bank s 2025...

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Dollar under pressure as geopolitical concerns ease, says expert

The US dollar and Treasury yields could come under pressure as sentiment shifted after indications that the conflict in the Middle East could move toward a quicker resolution than previously expected said...

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Amlak Finance net profit jumps to $400m in 2025

Amlak Finance has reported a net profit after income tax of AED1.47 billion ( 400.7 million) for the year ended 31 December 2025 compared to a net profit of AED12 million for the same period in 2024. Total...

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Iran drones target Bahrain desalination plant, university building

A water desalination plant and a university building were targeted in a Iranian drone attack this morning on several civilian facilities according to the Bahrain s Ministry of Interior. These buildings...

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Awqaf Abu Dhabi signs AED100m agreement with LuLu to support orphans initiative

The Endowments and Minors Funds Authority Awqaf Abu Dhabi - has signed a memorandum of understanding with LuLu Group International to develop a portfolio of commercial projects valued at AED100 million...

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Investcorp's second GP staking fund closes with $1.25bn in commitments

Investcorp a global alternative investment firm has announced that its GP staking arm Investcorp Strategic Capital Group (ISCG) has closed on commitments of over 1.25 billion to Investcorp Strategic Capital...

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Investcorp's second GP staking fund closes with $1.1bn in commitments

Investcorp a global alternative investment firm headquartered in Bahrain has announced that its GP staking arm Investcorp Strategic Capital Group (ISCG) has closed on commitments of over 1.25 billion to...

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Emergency GCC-EU meeting to discuss Middle East conflict

An emergency GCC-EU Ministerial Meeting will be held tomorrow (March 5) reported Saudi Press Agency citing Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi. The meeting will bring...

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du network infrastructure, core systems operating normally

Emirates Integrated Telecommunications Company (du) today confirmed that its network infrastructure core systems and customer channels continue to operate normally with full-service availability across...

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