News Desk AJMAN: The Department of Finance in Ajman recently held a number of in-person and virtual meetings with representatives of government departments in the Emirate of Ajman to follow up on the implementation of the government services cost calculation guide adopted by Sheikh Ahmed bin Humaid Al Nuaimi pursuant to Resolution No. 1 of 2023, which Establishes a unified …

News Desk DUBAI: From April 25th to April 26th, 2024, the third edition of VC Weekend by Gingo Partners brought together a diverse array of venture capitalists, business angels, and tech enthusiasts, contributing to the growth of the Middle Eastern venture capital ecosystem. Held at the esteemed 25 Hours Hotel, the event featured a dynamic lineup of curated investor dinners, …

DUBAI: At the second edition of the Capital Market Summit, Dubai Financial Market (DFM), the region’s leading financial market, unveiled its flagship initiative – ARENA by DFM – an innovative platform for Initial Private Offerings. Designed to catalyze growth opportunities for both companies and investors, ARENA represents a pioneering approach to capital raising and investment within the MENA region. ARENA …

By Rafiq Vayani DUBAI: Liali Fine Jewellers, the Dubai-based retailer of gold and diamond jewellery has announced the opening of its 10th boutique at the iconic Souk Madinat Jumeirah, a beachfront location where Arab charm meets modern glamour. This momentous opening marks the beginning of a new era for the brand. The boutique debuts the launch of a refreshed brand …

DUBAI: Leading International Property Consultancy LH1 Global has introduced The Sail, a spectacular flagship development, with a GDV of approximately AED5.5 billion, delivered by the award-winning real estate developer, Sheng Tai International, to the world at an exclusive event in Dubai. Hosted by LH1 Global founders Ben and Rayna Hunter and Sheng Tai International Directors for The Sail, John Tan …

News Desk SHARJAH: Bank of Sharjah has reported a strong start to 2024, with first-quarter results showcasing a significant increase in net profit to AED 80 million. The Bank’s robust metrics are the result of strict adherence to a focused approach to funding, lending, and operational effectiveness. In this regard, the Bank has demonstrated comfortable liquidity, with a customer deposit …

By Rafiq Vayani DUBAI: Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, is pleased to announce its participation in the highly anticipated Arabian Travel Market, set to take place in Dubai between May 6th and 9th. The company will highlight its latest achievements in the industry, which span recent and upcoming property openings, elevated culinary and wellbeing experiences, new summer offerings, and more.   The Arabian Travel Market has been a pivotal gateway to global …

KARACHI: Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, continued with its growth stride during the first quarter of 2024, whereby the profit after tax doubled to PKR 6.5 billion as compared to Q1 2023. Earnings per share increased from PKR 2.12 to PKR 4.29, while the Bank also declared an interim cash dividend of Re. 1/- per share, i.e. 10%. The total assets reached a new high of PKR 1.5 trillion, with deposits increasing to PKR 1.050 trillion …

DUBAI: Celebrating a year of transformative presence in the Middle East, Nomadic, the award-winning business traveller offering by Fragomen, is thrilled to announce its debut at the Arabian Travel Market (ATM) 2024, from May 6th to 9th, at the Dubai World Trade Centre. Nomadic introduces solutions to streamline global business travel. Arabian Travel Market serves as a key global hub …

News Desk DUBAI: Finvasia, a global innovator leveraging engineering and technology, has joined theDubai FinTech Summit (DFS), organised by Dubai International Financial Centre (DIFC), the leading global Financial Centre in the MEASA region, as a Lead Sponsor, underscoring its dedication to support businesses with a cost-effective, ethical and integrated ecosystem of products and services that inter-operate across various industry segments. Finvasia Group was established in …