Abu Dhabi / WAM Promoth Manghat, CEO, UAE Exchange, has been named the Finance CEO of the Year at Indian CEO Awards 2016, in recognition for business excellence and his achievements over the course of the past year as the CEO of UAE Exchange. Promoth received this award for his outstanding contributions in the progress of UAE Exchange. He has …

DUBAI / WAM Dubai Islamic Bank (DIB) has announced the distribution of a 45% cash dividend for 2015, a 12.5% increase from the previous year, following the conclusion of its Annual General Meeting (AGM). The assembly approved the bank’s 2015 financial statements. For the 12 months ended December 31, 2015, DIB reported a net profit of AED3.83 billion, a significant …

ABU DHABI / WAM Reem Mall, Abu Dhabi’s major new up and coming retail, leisure, dining and entertainment destination, has appointed Funtastic as Retail Design and Delivery Managers for the US$ 1 billion project. The work on site commenced in late 2015, and the mall is expected to launch in 2018. Funtastic is a design and project management service company …