Search Site

Trends banner

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Dubai Police and DIB sign agreement to support Bayti initiative with US$5.44mn

The ‘Bayti’ initiative was recently launched by Dubai Police General Command, the Department of Islamic Affairs and Charitable Activities in Dubai. (WAM)
  • The charitable initiative was launched by Dubai Police and many others to support familes with low income in the construction of homes and furnishing
  • DIB's Chief Operating Officer, Obaid Khalifa Al Shamsi, applauded the partnership between the two in executing social projects supporting citizens

Dubai, UAE–The Dubai Police and Dubai Islamic Bank (DIB) have signed an agreement to back the social initiative, “Bayti”, with $5.44 million to support people with low-income in home construction and furnishing.

The ‘Bayti’ initiative was recently launched by Dubai Police General Command, the Department of Islamic Affairs and Charitable Activities in Dubai, the Mohammed Bin Rashid Housing Establishment, the Community Development Authority, and the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity Foundation, to support citizens with limited income in home construction and furnishing.

This memorandum’s signing aligns with the vision of the UAE leadership and strategic objectives, reinforcing the cooperative ties between Dubai Police and DIB concerning charitable and humanitarian work.

The agreement was signed by Major General Ahmad Rafie, Assistant Commandant for Administrative Affairs at Dubai Police, and Obaid Khalifa Al Shamsi, Chief Operating Officer at DIB, in the presence of Brigadier Ali Al Mansouri, Director of the General Department of Community Happiness at Dubai Police.

Major General Ahmad Rafie reaffirmed that this agreement strengthens the cooperation with all strategic partners to implement initiatives and projects that serve the citizens and enhance their quality of life.

For his part Al Shamsi praised the partnership between DIB and Dubai Police in executing social projects that support citizens and improve their quality of life, such as the “Bayti” initiative.

He emphasized DIB’s steadfast commitment to fulfilling its societal and humanitarian responsibilities in the UAE, reflecting the leadership’s vision of the importance of collaboration and integration between different entities.

The agreement aims to establish and strengthen collaboration between Dubai Police and DIB by developing and innovating work methods and practices to maximize the impact of their activities on the community.