Daily Archives: May 6, 2024

Business & Investments

IHC Beats Year-on-Year Profit growth, Launches Huge AED 5 Billion Share buyback Program

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IHC Beats Year-on-Year Profit growth, Launches Huge AED 5 Billion Share buyback Program

  • Q1 Results driven by robust performance across key segments and strategic consolidation of key assets within the IHC Group
  • IHC’s Total Assets base increased by 28.1% in Q1 2024 (vs. Q4 2023), to AED 338.4 billion
  • IHC board approves AED 5 billion annual buyback program
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Business & Investments

AIM Congress 2024 Pre-Event Workshops Foster Knowledge Exchange and Strategic Insights

AIM Congress 2024 Pre-Event Workshops Foster Knowledge Exchange and Strategic Insights

Abu Dhabi, UAE, 06 May 2024: AIM Congress 2024, a premier global investment platform, concluded its series of pre-event workshops on Monday, May 6, 2024, setting the stage for insightful discussions and strategic collaborations scheduled for its main event from May 7-9, 2024 at ADNEC in Abu Dhabi.

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Business & Investments

IndusInd International Holdings targets US$50 billion valuation

IndusInd International Holdings targets US$50 billion valuation in banking and financial services through acquisitions, says Ashok Hinduja

  • IIHL, which has a significant shareholding from the UAE residents is looking at taking over smaller banking entities in Europe, and is open to look at other regions, including the Middle East.
  • Imminent acquisition of R-Capital, and the recent picking up of 60 per cent stake in Investco to help expand BFSI footprints
  • Looks at listing on Afrinex exchange in Mauritius; Stake in IndusInd Bank to be raised to 26 per cent from the current 16 per cent

Mr. Ashok Hinduja, IIHL Chairman

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Travel & Tourism

Ahmed bin Saeed opens Arabian Travel Market 2024

Ahmed bin Saeed opens Arabian Travel Market 2024

Leading global travel and tourism event will host 2,300 exhibitors from 165 countries in its largest edition to date, welcoming some 41,000 attendees

Policymakers, industry leaders, and travel professionals will gather at the event to explore the theme ‘Empowering Innovation: Transforming Travel Through Entrepreneurship’

The four-day conference agenda of ATM 2024 through 9 May will feature 200 speakers across more than 50 sessions at the DWTC

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Business & Investments

Maktoum bin Mohammed at the 2nd Dubai FinTech Summit

Maktoum bin Mohammed engages with global policy makers and financial industry leaders at the second Dubai FinTech Summit

Meetings explore global cooperation and exchange of expertise in urban financial infrastructure, capital markets and FinTech, and new industry growth opportunities generated by Dubai

Government of Dubai Media Office – 06 May 2024: His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), today met with global  policymakers and financial industry leaders on the sidelines of the second Dubai FinTech Summit (DFS).  

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