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NBF augments capital by converting $275m AT1 capitalNational 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 move, which fo More… |
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Global population hits 8.083 billionThe 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. The world population surpassed More… |
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Dubai’s creative sector makes 6.1pc of world economy: reportDubai’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. This is according to a report titled ‘Creative Dubai: Navigating Tomorrow’s Creat More… |
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Guinness World Records teams up with Dubai MarathonGuinness 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 partnership will enable runners across distance categori More… |
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DSF set to open first-ever Auto Season on January 1The 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. Providing resid More… |
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Alba inks strategic partnership deal with Indian group ComvisionAluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has announced a strategic partnership with Comvision (India) Private Limited, a leading provider of e-governance and intelligent transportation solutions. Headquartered in More… |
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Dubai Resilience Centre comes into beingThe 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. In his capacity as the Rule More… |
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40,000 visitors and competitors at Gamergy next monthMore 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. Gamergy, one of the world’s largest esports, gaming and entertainment events, will More… |
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Forbes Middle East Women’s Summit honours Dalia KhorshidForbes 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. This recognition was part of a celebration of visionary female leaders who participa More… |
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British Council appoints new Country Director for KSA, BahrainThe British Council has appointed Matthew Knowles as the new Country Director for Saudi Arabia and Bahrain and Cluster Lead for the Gulf region. Knowles will lead the British Council team in Saudi Arabia and Bahrain, working across Arts and Culture, Educ More… |
