Dubai / Reuters Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 26 percent increase in fourth-quarter net profit on Wednesday, in line with analysts’ forecasts, according to Reuters calculations. DIB made AED1.15 billion ($313.1 million) in the three months to December 31, Reuters calculated from annual statements in the absence of a quarterly breakdown. This ...

Dubai / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chief Executive of Emirates Group and Chairman of Dubai Airport Freezone Authority (Dafza) has approved Dafza’s ‘Digital Intelligence Plan 2018-2020. The plan is developed in line with digital transformation initiatives such as the Dubai Internet of Things Strategy (IOT) and the UAE Strategy for ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Wednesday visited the Abu Dhabi Sustainability Week (ADSW 2018), the largest sustainability gathering in the Middle East. His Highness toured various exhibition pavilions at the show currently taking place at Abu Dhabi National Exhibition Centre (ADNEC), from ...