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Fitch Ratings has assigned Union Insurance Company in the UAE a first-time Insurer Financial Strength (IFS) Rating of 'BBB' with a Positive Outlook. This outlook indicates potential improvements in financial performance due to management actions aimed at enhancing the profitability of the company's underwriting. The rating reflects Union's strong capitalization, good company profile, and strong reinsurance protection. Union's CEO, Ramez Abou Zaid, expressed satisfaction with the rating, highlighting it as a recognition of the company's business resilience and growth strategy. He emphasized the company's commitment to improving financial performance and insurance offerings to achieve a higher rating in the future.

Aldar and Expo City Dubai have formed a joint venture to develop a mixed-use project comprising six buildings, valued at over AED 1.75 billion. This development will include residential, office, and retail spaces, enhancing Expo City Dubai's appeal as a desirable location for living, working, and leisure. The project aligns with Expo City's master plan to boost investment and business in Dubai South and adheres to both partners' Net Zero commitments, promoting sustainable urban living. Located near Al Maktoum International Airport and the Dubai Exhibition Centre, the development is well-connected by major highways and a metro station. It is part of a larger plan to expand the Dubai Exhibition Centre, increasing its exhibition space significantly by 2031.

The Abu Dhabi Securities Exchange has been informed that Fertiglobe PLC will hold its General Assembly Meeting on Thursday, 24 October 2024, at 3:00 PM UAE time. The invitation and meeting agenda will be published in both English and Arabic newspapers on 10 October 2024. The communication includes an invitation to the meeting and a disclosure regarding proxy attendance. The notice is signed by Rita Guindy, Director of Investor Relations, and a copy has been sent to the Securities & Commodities Authority.

Burjeel Holdings has expanded its PhysioTherabia network to 28 centers in Saudi Arabia by launching 11 new locations. This expansion makes PhysioTherabia the largest and fastest-growing physiotherapy and wellness network in the country, with centers in cities like Riyadh, Jeddah, Madina, and Dammam. The initiative aligns with Burjeel's strategy to open 60 centers by 2025 and supports Saudi Vision 2030's goals of enhancing healthcare access. PhysioTherabia offers various services, including sports injury rehabilitation and chronic pain management, and has partnered with major insurance providers to increase service accessibility. The expansion is part of a joint venture with Leejam Sports Company and aims to integrate sports and health to promote active lifestyles in Saudi Arabia.

Investcorp Capital plc held its annual general meeting on October 9, 2024, at the Rosewood Hotel in Abu Dhabi, with both physical and virtual attendance options. During the meeting, the shareholders adopted the company's Directors’ report for the fiscal year ending June 30, 2024.

The Ordinary General Meeting of GFH Financial Group B.S.C. was held on October 9, 2024, via visual communication, chaired by Mr. Hisham Alrayes. The meeting achieved a quorum of 39.14% attendance. During the meeting, the following agenda items were approved: 1. The minutes of the previous meeting held on March 24, 2024. 2. The Board of Directors' recommendation to establish a Sukuk Programme valued at up to USD 500 million through a Special Purpose Vehicle, contingent on obtaining necessary regulatory approvals. Shareholders also approved issuing Sukuk worth USD 500 million in one or more tranches through the SPV. 3. Modifications to the terms of the existing USD 500 million Sukuk due in 2025, issued in 2020, including an offer for early redemption of the certificates. 4. Delegation of authority to the Board of Directors or their delegates to execute the Sukuk Programme and Offer, including obtaining necessary approvals, concluding agreements, and taking essential actions as per the agreements related to the Sukuk Programme and Offer.

The ordinary general meeting of GFH Financial Group B.S.C. was held on October 9, 2024, via visual communication, chaired by Mr. Hisham Alrayes. The meeting achieved a quorum of 39.14% attendance. During the meeting, several resolutions were approved: 1. The minutes of the previous meeting from March 24, 2024, were approved. 2. The Board's recommendation to establish a Sukuk Programme valued at up to USD 500 million through a Special Purpose Vehicle (SPV) was approved, contingent on obtaining necessary regulatory approvals. Shareholders also approved the issuance of Sukuk up to USD 500 million in one or more tranches. 3. Modifications to the terms and conditions of the existing USD 500 million Sukuk due in 2025 were approved, including an offer for early redemption of the outstanding certificates. 4. The Board of Directors was authorized to undertake necessary actions for executing the Sukuk Programme and Offer, which includes obtaining regulatory approvals, concluding agreements, and performing essential actions as per the agreements related to the Sukuk Programme and the Offer.