DUBAI  / GULF TIME Abu Dhabi Islamic Bank (Adic) has become the first Islamic bank to go live on the UAE KYC (Know Your Customer) Blockchain Platform, a national ecosystem for the exchange of verified KYC data between licensing authorities and financial institutions. Dubai’s Department of Economy and Tourism (DET) launched the initiative in 2020 in partnership with a group ...

ABU DHABI / GULF TIME His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan and His Highness Sheikh Zayed bin Mohamed bin Zayed Al Nahyan have presented trophies to the winners of the Jiu-Jitsu President’s Cup 2023 in the Under 14 and Adults divisions at Mubadala Arena in Zayed Sports City. During the visit, Their Highnesses congratulated the players ...

BLOOMBERG Hermes International’s quarterly sales jumped as Chinese shoppers snapped up its pricey scarves and Kelly handbags, fueling optimism the global luxury industry’s top performers will carry on growing despite economic headwinds. Revenue climbed 23% in the first three months of the year at constant exchange rates, Paris-based Hermes said, exceeding analysts’ estimates. The shares rose as much as 2% ...