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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Entertainment & Celebrity

First Time in UAE: Experience “The Jungle Book” at Khalidiyah Mall

  • Discover life-sized Jungle Book scenes and characters from August 24th to September 22nd.
  • Enjoy crafting, mask-making, and interactive storyboards.
  • Fun and learning for all ages, available for a limited time.

Khalidiyah Mall invites families and “The Jungle Book” fans of all ages to explore the worlds of Mowgli, Baloo, Bagheera, and Shere Khan from August 24th to September 22nd through interactive installations and activities.

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Featured

Dubai Culture Hosts Service Innovation Lab to Elevate Creative Support Services

Dubai, UAE, 22 August 2024: Dubai Culture and Arts Authority (Dubai Culture) has successfully concluded the Service Innovation Lab held at Etihad Museum to discuss a variety of qualitative plans and ideas focused on innovating new services for artists in Dubai. This aligns with the Authority’s commitments and responsibilities to create innovative platforms that can enhance creatives’ satisfaction.

The lab, titled ‘Artist Registration Service,’ gathered a number of Dubai Culture employees who explored various topics and ideas to enhance the effectiveness of support provided to artists, theatre professionals, and trainers, in line with the ‘360 Services’ policy aimed at raising the standards of the Government of Dubai as it relates to them.

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