Author: Arabian Media staff
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Image: IHC International Holding Company (IHC), a global investment firm, has acquired a majority stake in the state-owned First Women Bank Limited (FWBL) following Pakistan’s first-ever bank privatisation under the Inter-Governmental Commercial Transactions Act of 2022. The acquisition marks a milestone in UAE–Pakistan economic cooperation and signals growing investor confidence in Pakistan’s financial sector and reform agenda. Established in 1989, FWBL operates as a full-fledged commercial bank with 42 branches across the country, offering retail, SME, and corporate banking services. IHC to recapitalise FWBL, launch modernisation Under the agreement, IHC will recapitalise the bank to meet the minimum capital requirement…
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Image credit: RTA/Website Dubai is embarking on a major overhaul of its transport regulations and service standards, reflecting its long-term vision for safer, smarter, and more sustainable mobility. In a joint move, Dubai’s Roads and Transport Authority (RTA) and the Dubai Police General Headquarters have announced new regulations targeting the movement of delivery motorcycles on high-speed lanes, set to take effect on November 1, 2025. Simultaneously, the RTA has reported significant improvements across the city’s taxi network, driven by the rollout of 28 development initiatives in 2025. These twin developments signify a coordinated effort to enhance public safety, customer satisfaction,…
Flagship UAE creator-economy event, the 1 Billion Followers Summit has revealed that its Creators Ventures Accelerator—run by Creators HQ in partnership with 500 Global—has attracted 1,131 applications from content creators and digital startups across more than 70 countries. The programme seeks to identify and incubate promising creator-led startups, providing mentorship, knowledge sharing, and access to investment networks to help them build sustainable businesses in the growing global content economy. Participants will be showcased at the fourth edition of the 1 Billion Followers Summit, to be held from January 9 to 11 2026 at Emirates Towers, the Dubai International Financial Centre,…
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