Registration deadline for Ma’an third Social Incubator extended to 12th September

The Authority of Social Contribution, Ma’an, is urging all social entrepreneurs in the UAE and wider MENA region to complete the online application, as the Authority announces an extension for registrations until 12th September. The teams shortlisted for the Social Incubator programme will aim to strengthen the interactions and create stronger emotional bonding between parents, children, relatives, the elderly and couples across the Emirate and highlight the importance of family values. Ma’an will shortlist and support 10 winning social start-ups, who will then undergo a 90 day training programme and develop their ideas into business ventures. Ma’an will invest more than AED 2 million in total in this cycle with the successful applicants also having access to milestone-based funding, mentorship, office space, business expertise and investors.

NBAD Receives CSR Label Certificate

The National Bank of Abu Dhabi (NBAD) has received the award Dubai Chamber of Commerce '&' Industry Centre for Responsible Business CSR Label. The award is a reflection of the recognition of the bank's responsible and sustainable business practices in the fields environment, marketplace, workplace and community. Senior Manager of Sustainability at NBAD - Belinda Scott - explained that being a major player in the economic development of the country goes hand in hand with caring for the social and environmental effect of the bank's activities.

Dubai Islamic Bank purchases outstanding Sukuk through cash tender offer

Dubai Islamic Bank announced that it has purchased USD 50.6 mn from the partial cash tender offer to retire USD 200 mn of outstanding Sukuk. DIB purchased the certificates at 88 % of the face value.

Syndicate content