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Al Salam Bank recently hosted its third Sharia Forum in Manama, Bahrain, aimed at enhancing communication and integration among professionals in the Islamic banking sector. The forum gathered experts and specialists to discuss compliance and accounting issues, reflecting the bank's commitment to supporting the Islamic banking industry. The event provided a platform for professionals to exchange insights and address developments and challenges in the sector, contributing to the advancement of professional standards and practices in line with Sharia principles. This year's forum featured panel discussions and workshops centered on Sharia audits of financial statements in Islamic financial institutions. Mr. Eihab Ahmed, Deputy CEO of Corporate Affairs at Al Salam Bank, emphasized the bank's dedication to supporting Sharia professionals and enhancing governance frameworks. The forum builds on previous editions that addressed key topics in Sharia compliance and positions Al Salam Bank as a leader in the field. Through this initiative, the bank aims to advance the Islamic banking industry and empower national talents to meet evolving Sharia requirements.

Dubai Investments has reported significant year-on-year growth in its glass manufacturing sector through its subsidiary, Glass LLC, with production exceeding 14.8 million square meters in 2024. This growth is attributed to innovation, sustainability efforts, and increased demand from regional mega projects. Glass LLC includes Emirates Glass, Emirates Float Glass (EFG), and Saudi American Glass, serving various sectors like construction and energy. EFG, the only comprehensive float glass producer in the GCC, reached full production capacity, delivering over 12.6 million square meters of glass globally. It is recognized for its contribution to the UAE economy and is listed in the Abu Dhabi Department of Economic Development's Golden List. Emirates Glass also saw an 8% year-on-year increase, with significant monthly growth in December.

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has started excavation and foundation work for a new district cooling plant in the Al Sufouh 2 area of Dubai. This project is part of Empower's expansion strategy to meet the increasing demand for eco-friendly cooling services in Dubai. Construction is set to begin in the fourth quarter of 2025. The plant will be the first of three planned facilities in the area, with a cooling capacity of 23,400 Refrigeration Tons (RT), serving various buildings, including the Innovation Hub. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to expanding its presence in Dubai and providing sustainable cooling solutions in response to urban growth and rising demand. The development aligns with Dubai's sustainable development goals, aiming to enhance the district cooling infrastructure and support the city's growth.

The Board of Directors of Al Sagr National Insurance Company invites shareholders to attend the Annual General Assembly Meeting on June 18, 2025, at 12:00 PM, either in person at the company's head office in Bur Dubai or remotely. The agenda includes reviewing and approving reports on the company's activities, financial position, and auditor's report for the fiscal year ending December 31, 2024. Other items include discussions on the balance sheet, profit and loss account, non-distribution of dividends, directors' remuneration, discharge of board members and auditors, appointment of external auditors for 2025, and reviewing the Governance and Sustainability Report. Shareholders will also vote on reducing the company's capital and elect new board members for 2023-2026. Electronic registration and voting are available, and shareholders can watch a live broadcast of the meeting. Specific instructions are provided for proxy representation and voting rights. If the required quorum is not met, a second meeting will be held on June 25, 2025.

A new contract series for Oman Crude Oil Futures, specifically the August 2026 contract, will be available for trading starting June 24, 2025. The contract, identified by the symbol OMOIL Q26, will be listed until June 23, 2026. This announcement is made by the Dubai Financial Market and can be accessed on their website. The information provided is subject to change and should be cross-referenced with the Dubai Financial Market's official regulations for accuracy.