Category Archives: Business & Investments

Business & Investments

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

1 Comment

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

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

Continue reading IndusInd International Holdings targets US$50 billion valuation →
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).  

Continue reading Maktoum bin Mohammed at the 2nd Dubai FinTech Summit →
Business & Investments

Maktoum bin Mohammed opens second edition of Dubai FinTech Summit

Maktoum bin Mohammed opens second edition of Dubai FinTech Summit

Summit brings together more than 8,000 industry leaders from over 100 countries to discuss the future of FinTech and unlock new opportunities

Second edition of the Dubai FinTech Summit highlights the ongoing transformation of the technology-led financial sector

Continue reading Maktoum bin Mohammed opens second edition of Dubai FinTech Summit →