National Bank of Fujairah (NBF) completed the conversion of its Additional Tier 1 capital securities (AT1 capital), amounting to $275 million (AED1.01 billion) at a ratio of AED2.85:1, on Tuesday (Dec 31) into ordinary paid-up share capital.
The global population in 2024 reached approximately 8.156 billion, marking an increase of around 82 million people compared to last year’s 8.083 billion, according to estimates by the German Foundation for World Population.
Dubai’s creative sector serves as a significant global economic force, representing 6.1% of the world’s economy with a total value of $4.3 trillion.
Guinness World Records has joined forces with the Dubai Marathon for a partnership that gives participants an opportunity to break world records while running in the iconic event on January 12, 2025.
The annual Dubai Shopping Festival (DSF) is accelerating the city’s biggest-ever celebrations into full gear with the launch of the inaugural DSF Auto Season, celebrating automotive culture in grand style from January 1 to 12, 2025.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has sealed a strategic partnership with Indian group Comvision to help boost its inventory management and tracking systems through implementation of cutting-edge technology.
The Dubai Resilience Centre, a new public entity that aims to reinforce Dubai’s status as one of the world’s most agile cities in addressing risks, emergencies, crises and disasters, has come into being through a decree.
More than 40,000 visitors and competitors will take part in the three-day Gamergy festival from January 30 to February 1, 2025 at Alburouj New Heliopolis in Cairo, Egypt.
Forbes Middle East Women’s Summit, held in Riyadh, Saudi Arabia, has honoured Dalia Khorshid, Group CEO of Beltone Holding, for her exceptional contributions to the investment sector and her leadership.
The British Council has appointed Matthew Knowles as the new Country Director for Saudi Arabia and Bahrain and Cluster Lead for the Gulf region.
