ABU DHABI / WAM The Department of Municipalities and Transport (DMT) announced that foreign direct investment (FDI) in the individual category within Abu Dhabi’s real estate sector has soared to AED834.6 million during the first half of 2023, achieving a record growth rate of 363% compared to the corresponding period last year. According to data released by the DMT, the ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has gifted a herd of horses to the youngest Iraqi horse rider, Lania Fakher, following the loss of her mare. Sheikh Mohammed has also directed to support the Iraqi youngest rider to establish an equestrian training centre. ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) announced an increase in its operating profit before provisions by 31%, reaching AED 648.7 million for the first half of 2023, compared to AED 497.2 million for the same period in the previous year. The bank’s net profit amounts surged to AED 494.6 million for the first half ended on June 30, showing ...