Abu Dhabi Fund for Development (ADFD) became the first institution in the MENA region to receive the United Nation Small Island Developing States Partnerships Award on behalf of the UAE, which claimed first place in the economic category for ADFD’s initiatives – the UAE Pacific Partnership Fund and the UAE-Caribbean Renewable Energy Fund. The award was received by His Excellency …

By Rafiq Vayani DUBAI: MS Homes Developers announces its debut project in Dubai’s booming real estate market with the launch of ‘ILUKA Residences’, an eight-floor residential building providing elevated lifestyle and sophisticated living, located on Marina Boulevard, in the heart of Dubai Islands.  ILUKA Residences offers 57 luxury apartments ranging from 1 to 4-bedroom units. Handover is set for the …

DUBAI: Investment in green projects coupled with sustainable finance could help the GCC countries to unlock up to US$2 trillion (Dh7.3 trillion) in GDP contribution by 2030, if investment opportunities are tapped across key industries, according to a recent report by Strategy& that recommends the GCC governments to open up the region’s capital markets to help accelerate investment in sustainable …

News Desk ABU DHABI: e& Group has expressed its disappointment with the Court of Appeal of Casablanca’s decision on 3 July 2024, which rejected the appeal filed by Maroc Telecom “MT”, a subsidiary of e&. This decision upholds the Commercial Court of Rabat’s ruling from 29 January 2024, mandating MT to pay 6.368 billion Moroccan dirhams (approximately USD 645 million) …

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) with Meezan Bank hosted a significant public hearing session on the draft Shariah Standard on Sukuk. The event took place at the Movenpick Hotel in Karachi and brought together prominent figures from the Islamic finance industry, regulatory bodies, notable Shariah Scholars, Shariah Board members from various Islamic Financial Institutions,  academia …

DUBAI: A Lebanese national and a Pakistani national have been announced as the new dollar millionaires at the latest Dubai Duty Free Millennium Millionaire and Finest Surprise draw, held today at Concourse A of Dubai International Airport. Mr. Makram Fata, a 48-year-old Lebanese national based in Riyadh, Saudi Arabia became a US$1 million winner in Millennium Millionaire Series 466 with …

By Rafiq Vayani DUBAI: Mondelēz International, Inc. (Nasdaq: MDLZ) announced the appointment of Ihab Rafik Amin as President to its Middle East, North Africa and Pakistan (MENAP) Businss Unit. Ihab Rafik Amin joins MDLZ from Procter & Gamble (P&G), where he spent over 30 years in both P&G and Gillette, having held leadership and executive roles across USA, Europe, Asia, …

ISLAMABAD: The Mastercard Strive Women program in Pakistan welcomes a new partnership with the Bank of Punjab (BOP), jointly aiming to improve formal financial access for women-led micro and small entrepreneurs in Pakistan. Strive Women, supported by the Mastercard Center for Inclusive Growth and implemented by CARE, bolsters women entrepreneurs in Pakistan, Peru, and Vietnam, and aims to strengthen their …

KARACHI: July 10, 2024: SI Global Solutions announced the beginning of a groundbreaking 10-year partnership with Dell Technologies at the event held in Karachi, solidifying SI Global Solutions as an official distributor and channel partner for Dell branded hardware in Pakistan. This collaboration marks a significant milestone in the technology landscape of the region, promising to bring cutting-edge Dell hardware …

DUBAI: Yango Group, a global tech company that creates daily services, launched a new public transport service feature within its Yango app, aimed at redefining urban mobility in Dubai. This addition provides users with comprehensive transport options by integrating public transit information with Yango’s existing services, including ride-hailing, rentals, and delivery in the city. The new public transport section on …