Category Archives: Business & Investments

Business & Investments

MultiBank Group Reports Record-Breaking $306 Million Revenue in 2023, Marking a 10% Year-on-Year Growth

Dubai, UAE – August 23 2024: MultiBank Group, one of the world’s largest financial derivatives institutions headquartered in Dubai, announces its most successful financial year to date, with an impressive revenue of $306,636,717 in 2023.

Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase, growing from $279,523,140 in 2022. This milestone reflects the Group’s effective business strategy, ongoing growth and its commitment to providing exceptional value to clients worldwide.

Additionally, MultiBank Group reported a remarkable 26% rise in net income from $180,013,709 in 2022 to $226,837,355 in 2023, underscoring the Group’s operational efficiency and reinforcing its position as a global leader in the financial derivatives industry.

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Business & Investments

Emicool Receives District Energy Space Award 2023 for Excellence in Sustainable District Cooling Solutions

Dubai, UAE, 21 August 2024: Emicool, a trailblazer in the district cooling industry, has been honoured with the prestigious 2023 District Energy Space Award at the 115th annual conference of the International District Energy Association (IDEA) in Orlando, Florida. This award recognizes Emicool’s exceptional contributions to the advancement of sustainable energy solutions, particularly in the field of district cooling.

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Business & Investments

Mashreq introduces IBAN Validation API for business and corporate clients

Dubai, UAE, 21 August 2024: Mashreq has launched the International Bank Account Number (IBAN) Validation Application Programming Interface (API), tailored for its business and corporate customers. The move reaffirms the bank’s status as a leader in digital banking innovation.

The API seamlessly integrates with the Central Bank of the UAE (CBUAE) payment infrastructure, ensuring accurate verification of beneficiary account details in compliance with regulatory standards. Mashreq’s customers can access this practical tool through the bank’s API Developer portal, integrate it into their existing systems effortlessly, and use it to validate IBANs on demand in real time, eliminating delays and improving payment efficiency.

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Business & Investments

SGCA 2024 shortlists 46 finalists amid highest number of entries in its history

The 11th edition of the Sharjah Government Communication Award received a total of 3,815  submissions and 1,129 accepted files

Sharjah, August 23, 2024

The Sharjah Government Media Bureau (SGMB) has unveiled the coveted Sharjah Government Communication Award (SGCA 2024) shortlist, featuring 46 candidates from 12 countries competing across 22 awards, grouped into five main categories. The announcement follows a record-breaking number of entries, with 3,815 submissions—a 230% increase from the previous year. The 11th SGCA accepted 1,129 submissions from 44 countries in this edition.

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Business & Investments

In Attendance of President of the Republic of Uzbekistan:

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 ICBA Demonstrates Transformative Agricultural Project in Karakalpakstan Funded by ADFD

Funded by Abu Dhabi Fund for Development, this Landmark Global South-South and Triangular Collaboration Focusses on Science, Innovation, and Women Empowerment in Agriculture

Karakalpakstan, Uzbekistan; 23 August 2024 – The International Center for Biosaline Agriculture (ICBA) participated in a ceremony attended by H.E. Shavkat Mirziyoyev, President of the Republic of Uzbekistan, to demonstrate its major multi-year project focused on increasing the productivity of degraded and saline areas of Karakalpakstan.

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