UAE, Abu Dhabi: Abu Dhabi Islamic Bank, a leading Islamic financial institution, has released its annual Environmental, Social, and Governance (ESG) report, highlighting progress across ADIB Group toward building more sustainable, diverse and equitable communities. The report details ADIB’s ongoing efforts in governance excellence and sustainability and more information on the performance and management of ADIB
Riyadh, Saudi Arabia – Shell & AMG Recycling B.V. (“SARBV”) as the lead partner of the joint venture company Advanced Circular Materials Company, presents an opportunity for contractors to participate in the first Metals Circularity Project in KSA, to accelerate energy transition, achieve sustainability aspirations and drive circular investment in the Kingdom, and in alignment
Cairo, Egypt – Qatar Airways Group has today reported the strongest financial performance in its 27-year history, announcing record profits of QAR6.1 billion (US$1.7 billion) in its Annual Report for the 2023/24 financial year. The multiple award-winning airline group reported historic net profits of QAR6.1 billion (US$1.7 billion) during the 2023/24 fiscal, with a total revenue
Dubai, U.A.E – iyris (formerly RedSea), the sustainable AgriClimate Tech business whose pioneering technology advances commercial farming in hot climates globally, announces an exclusive distribution agreement with Sherwood Middle East (“Sherwood”) – a leading agricultural supplies distributor and part of Silal – for its SecondSky greenhouse covers in the UAE. The agreement expands Sherwood’s product
Abu Dhabi: The Arts Center at NYU Abu Dhabi (NYUAD) has announced the third edition of the artists development initiative, Numoo, an intensive program to foster and accelerate the growth of performing artists in the UAE and contribute to the development of the nation’s arts ecosystem. Numoo has been supported by grants from the U.S. Mission
Riyadh, KSA: Folk Maritime Services Company, a PIF company and one of the region’s leading feeder and short-sea services provider, has signed a strategic memorandum of understanding with Bahri Ship Management, a business unit of Bahri, The National Shipping Company of Saudi Arabia and a global leader in logistics and shipping, to strengthen its fleet’s capab The agreement was signed by Poul
Dubai: Demand for sharia-compliant risk-management tools, such as Islamic derivatives, is gradually rising in many Muslim-majority countries as their Islamic banks’ domestic market shares grow, and financial sector development and risks due to interest rates, foreign exchange rates, and commodity prices rise, Fitch Ratings says. Nearly three-quarters of Fitch-rated Islamic banks used Islamic derivatives in
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