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On October 14, 2024, GFH Financial Group B.S.C. announced the results of its Ordinary General Meeting. The meeting, held with a quorum of 39.14%, included the minutes of the meeting, a report on the quorum, a voting report on the agenda items, and observations from shareholders or their representatives. The announcement was made by Mariam Jowhary, Head of Compliance & AML, and was accompanied by the company seal.

MBME Pay Payment Services Provider, part of the MBME Group, has signed an agreement with Abu Dhabi Islamic Bank (ADIB), one of the largest banks in the UAE. This partnership aims to leverage secure payment solutions and comprehensive channels provided by MBME to maintain high service levels and keep up with digital advancements. This collaboration marks a significant step in MBME Group's growth and is the beginning of more future projects.

Aldar Properties and Mubadala Investment Company have begun construction on One Maryah Place, a two-tower Grade A commercial development on Al Maryah Island in Abu Dhabi. This project will provide around 98,000 square meters of new office space to meet the increasing demand from global corporations and financial institutions at the Abu Dhabi Global Market (ADGM), an international financial center.

Presight, a leading big data analytics company utilizing Generative AI, has launched the Presight Intelli Platform at GITEX GLOBAL 2024. This platform aims to enhance city and infrastructure operations using AI. It is designed to transform operations and management across various industries and urban environments, such as smart cities, airports, ports, manufacturing, energy utilities, citizen services, public safety, and mobility. The platform offers governments and businesses the opportunity to optimize their operations through AI and Generative AI, with a focus on scalability and cost-effectiveness, allowing for seamless deployment in both small towns and large cities without requiring disruptive future updates.

RAK Properties, a leading property developer in Ras Al Khaimah, has partnered with Commercial Bank of Dubai to secure a AED 2 billion syndicated financing facility. This strategic agreement aims to accelerate development projects in Mina Al Arab, including luxury hotels and residential communities, while also supporting the construction of green buildings with international environmental certifications. The facility is intended to provide RAK Properties with the necessary financial resources for sustainable growth and long-term liquidity. Both companies view this collaboration as a pivotal step in transforming Ras Al Khaimah into a premier destination for luxury living and investment. Senior executives from both organizations attended a signing ceremony to mark the partnership.

The letter, dated October 11, 2024, from Khaled Chaaban, Board Secretary of Union Properties PJSC, addresses an inquiry regarding the discrepancy between the estimated project value of AED 2 billion mentioned in a press release and the project cost of AED 1.15 billion stated in a disclosure. The letter clarifies that the disclosed project cost includes only construction-related expenses, excluding additional costs such as marketing, sales, management, overheads, and financing. The total project value reflects the entire project, and the company's current strategy is to retain ownership of some units to increase annual recurring income, rather than selling the entire project. Therefore, the project's value should not be calculated simply by adding construction costs and estimated profits.