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 ...

DUBAI / WAM The Ministry of Health and Prevention (MoH) has closed seven health facilities for up to 60 days for violating health regulations and the Code of Professional Ethics as part of its crackdown on medical malpractices. Dr. Amin Hussain Al Amiri, Assistant Under-Secretary for Public Health Policy and License Sector, and Vice-Chairman of the Medical Licensing Committee, said ...