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.
State Street plans to expand UAE operations
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and President of the Dubai International Financial Centre, has met Ronald P. O’Hanley, Chairman and Chief Executive Officer of State Street Corporation.
Binance sees spike in withdrawals as exchange returns online after heist
Binance customers have pulled $3.64 billion, or 2.1 per cent of its assets, as the world's biggest cryptocurrency exchange went back online on Sunday after hackers the FBI links to North Korea stole billions from the platform last week.
DAFZ, Forbes Middle East to host Future Growth Nexus Summit
Under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority, Dubai Airport Freezone and Forbes Middle East will hold the first Future Growth Nexus Summit in Dubai on November 23.
Dubai Chambers launches Agentic AI category in business awards
Dubai Chambers has launched an Agentic AI category under the Mohammed Bin Rashid Al Maktoum Business Award.
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The Saturday Brunch Episode 18: Halloween, Country Music & Shades of Pink
Halloween Safety Tips, People's Sexiest Man Alive, Latest Buzz & More!
Wednesday 28 Oct 2026 - Would We Lie To You?
