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DIB gets a new chairman and Modon’s MD steps back
Dubai Islamic Bank tapped Fadhel Abdulbaqi Al Ali as chairman
THIS MORNING: Modon seeks EGP 35 bn loan for Ras El Hekma’s Wadi Yemm + dnata wants in on Damascus airport’s rebuild
Plus: The UAE is pushing to get off international travel advisory lists
UAE capital is moving from trophy hotels to overseas destination plays
Analysts say UAE investors are balancing stable European assets with higher-growth plays like Ras El Hekma, but operational risk remains…
THIS MORNING: DAE eyes up to USD 3 bn in acquisitions this year + Modon is ramping up development at Ras El Hekma
Plus: Private sector firms’ deadline for 1H Emiratization targets is here
Modon Holding posts 20x jump in 2025 bottom line
ADQ-backed developer Modon Holding saw its net income reach AED 3.9 bn in 2025, a 19.9x y-o-y increase excluding one-off…
Modon awards Orascom Construction a development contract for district in Ras El Hekma
Plus: Dubai’s design hub is getting a residential upgrade
Modon invests in Jersey Tower + Presight to roll out smart infrastructure program in Albania
Modon took a stake in a 54-story residential tower in Jersey city, 75% of which is earmarked for rent
Modon awards massive construction contract, EGA invests USD 170 mn in German facility, and Depa closes its rights issue
Modon awarded a AED 5 bn contract for Nawayef East and Nawayef West on Hudayriyat Island
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