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.
UAE and Ireland boost cooperation in tourism and the new economy
The UAE and Ireland are set to deepen economic and tourism collaboration following high-level talks in Dubai between Abdulla bin Touq Al Marri, Minister of Economy and Tourism, and Ireland’s Minister for Enterprise, Tourism and Employment, Peter Burke.
ADX sees introduction of 17 securities during 2025
The Abu Dhabi Securities Exchange (ADX) saw the introduction of 17 securities during 2025, Group CEO Abdullah Salem Al Nuaimi said on Tuesday.
Microsoft unveils $23 billion in new AI investments with big focus on India
Microsoft on Tuesday unveiled about $23 billion in new artificial intelligence investments, with the bulk earmarked for India as it deepens its bet on one of the world's fastest-growing digital markets.
FNC approves Union General Budget for Fiscal Year 2026
The Federal National Council (FNC) approved a federal draft law on Tuesday, linking the Union General Budget and the budgets of independent federal entities for the fiscal year 2026.
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