Dubai Islamic Bank (DIB) is all set to acquire Noor Bank after shareholders gave a nod at the General Assembly Meeting (GAM) on Wednesday.
DIB's combined assets are valuated to touch AED 275 billion on completion of the deal.
Mohammed Al Shaibani, chairman of DIB, said: “The acquisition will provide opportunities for economic growth, ensuring that the UAE’s financial sector remains at the forefront of the Islamic economy.”
The move will fully integrate Noor Bank’s operations with DIB.
US says oil from strategic reserve to start reaching market next week
The Trump administration said on Friday it expects early deliveries of oil from the US strategic petroleum reserve to reach the market by the end of next week as part of an effort to combat the energy price spike since the start of the Iran war.
Standard Chartered issues clarification on local operations
Standard Chartered Bank has clarified that reports of staff being evacuated from its Dubai offices are inaccurate.
Cyprus aims for gas exports by 2028 as conflict heightens supply tensions
Cyprus could begin producing natural gas for export as early as 2028, Energy Minister Michael Damianos said, potentially strengthening Europe's push to diversify its energy sources as regional conflict tightens focus on supply.
DP World reports record $24.4bn revenue for 2025
DP World has announced its financial results for 2025 on Thursday, with a 22.4 per cent increase in revenue to $24.4 billion, and adjusted EBITDA up 18 per cent to $6.4 billion.
Jacob sits down with LANY for a fun, honest catch up that fans will love. 🎤
Get the latest UAE and world news from our award winning team of journalists.
S.N.E joins The Fusion with Eddie for an unforgettable episode! 🔥
The legendary Craig David joins The Kris Fade Show for an unforgettable chat!
