Dubai Islamic Bank (DIB) is all set to acquire Noor Bank after shareholders gave a nod at the General Assembly Meeting (GAM) on Wednesday.
DIB's combined assets are valuated to touch AED 275 billion on completion of the deal.
Mohammed Al Shaibani, chairman of DIB, said: “The acquisition will provide opportunities for economic growth, ensuring that the UAE’s financial sector remains at the forefront of the Islamic economy.”
The move will fully integrate Noor Bank’s operations with DIB.
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UAE President appoints new Federal Tax Authority chief
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Abdulaziz Mohammed Faraj Al Mulla as Director General of the Federal Tax Authority, with the rank of Ministry Undersecretary.
Uber expands into 7 new European markets in food-delivery push, FT reports
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H.H. Sheikh Mohammed appoints new PCFC Chairman
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The UAE Tour 2026 has announced several road closures for the fourth stage of the race, where cyclists will cover a total of 182 km as they pass through the greatest number of different Emirates in the challenge, starting from 12:50 pm.
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has discussed strengthening cooperation with his New Zealand counterpart Winston Peters during a phone call on Wednesday.
The UAE's Ministry of Energy & Infrastructure has announced that the lane heading towards Sharjah from Dubai on Emirates Road at Bridge No. 7 will be closed starting from Thursday, February 19.
