Competition

Year ended 2018 net profit up by 28.2% to reach AED 170.0 million compared to year ended 2017 ·         Balance sheet growth of 13.1% to AED 22.6 billion compared to December 2017. ·         Distribution of 3.5% cash dividend approved by the general assembly and central bank. ·         AED 419.7 million share capital increase through right share issuance  Ajman, UAE; March 6, 2019: Ajman Bank, the award-winning financial services institution committed to transforming the experience of Islamic banking, announced today its financial results for the year ended 31 December 2018, demonstrating continued positive...

Alpha Destination Management was recently in Madrid to promote its latest products and initiatives at FITUR. Now in its 39th year, FITUR is one of the largest global tourism platforms targeted at the Spanish and Ibero American markets attracting over 140,000 trade participants from 165 countries. Samir Hamadeh, General Manager, Alpha Destination Management, said, “Spain is an important market for us. Also, tourism from Latin American countries holds significant potential for growth for our destination with increased direct flights from Dubai as well as greater collaboration between the regions. FITUR presents us a great opportunity to strengthen our relationship with our key trade partners while showcasing our new...

Celebrate the season of joy with your loved ones at the Babylon Warwick Hotel and indulge in an array of festive treats with inventive menus and spectacular live entertainment that will truly turn your moments into memories. Mr. Emad Al Obeidi, General Manager of Babylon Warwick Hotel, said, “We look forward to welcoming our guests to experience a beautiful festive pageant filled with laughter and lasting memories all through the holiday season. No expense is being spared to make this year’s celebrations special. Whether...

Over 200 top finance professionals gathered at the MENA CFO Awards organised as part of the CFO Strategies Forum MENA by Naseba. On the occasion, the Middle East and Africa region’s leading chief financial officers and their teams were honoured for their work in driving digital change in the CFO role. Celebrating excellence, the prestigious annual awards spanned six categories and recognised the most successful financial leaders across the public and private sectors. Yuvraj Narayan, Group CFO of DP World, was declared...