Business & Investments

DIB increases its stake to 25% in Digital Bank in Türkiye

Dubai, UAE – 20 January 2025: Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, announced that it has increased its shareholding in T.O.M. Group from 20% to 25%. This strategic move follows the initial acquisition in September 2023, further cementing DIB’s presence in Türkiye’s dynamic financial landscape.

The T.O.M. Group includes T.O.M. Katılım Bankası A.Ş. (Türkiye’s first licensed digital retail bank), T.O.M. Pay Elektronik Para ve Ödeme Hizmetleri A.Ş. (a licensed e-money company with a rapidly growing customer base), and T.O.M. Finansman A.Ş. (a licensed financing company specialising in innovative digital products), alongside their subsidiaries.

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Sports & Recreations

‘Ride for Unity’ Returns to Reconnect Communities in the Middle East

Business Leaders, extreme adventure athletes, Paralympians and trailblazers return to the UAE on Ride For Unity’s 2025 Whistle-Stop Tour: Road to Resilience, to spread the message of unity, reconciliation, community and tolerance.

15 January 2025 – Dubai, UAE – After the enormous success of Ride For Unity’s 7 Days / 7 Emirates Tour through the UAE last January, the organization has returned for a two-day tour on January 16-17, 2025. Ride for Unity (RFU) has gathered 15 riders comprised of world-record breaking athletes, extreme adventurists and business leaders to cycle up Jebel Jais, the highest peak in the UAE at 1,934m, visit the WellSpring Private School and hold a free public event, ‘Humanity in Leadership: The Future of Connection, Sustainability and Resilience’ at the Sheikh Mohammed Bin Rashid Library in Dubai on January 17th at 5pm.

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