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On 16 September 2024, Phoenix Group PLC announced that BHM Capital has issued an Analyst Coverage Report on their shares, trading under the code PHX. The report, which includes recommendations, estimates, forecasts, and opinions from third-party analysts, is intended for informational purposes only and reflects the views of the analysts. These recommendations do not imply endorsement or financial advice from Phoenix Group PLC and are subject to change. The announcement was authorized by Seyedmohammad Alizadehfard, Group CEO of Phoenix Group PLC.

Palms Sports has renewed a significant government contract worth AED 240 million for an additional two years, extending until June 2026. The company, a subsidiary of International Holding Company, will continue to provide 350 specialized Jiu-Jitsu and tactical defense specialists to enhance the readiness of program participants. The partnership, which began in 2015, has become a global benchmark for training programs. CEO Fouad Darwish expressed pride in the renewal, highlighting the quality and impact of their services. Palms Sports is also exploring opportunities for investment, diversification, and expansion into new markets, aiming to leverage its expertise in the broader sports and wellness industry.

Dubai Insurance Company and One Degree, Asia’s first licensed insurer for digital assets, have received approval from the Central Bank of UAE to offer digital asset custodial risk insurance in the UAE. This new insurance service, branded as "One Infinity," enhances their product portfolio and supports digital asset companies by providing comprehensive risk management solutions. Robin Scott, General Manager of Middle East for One Degree, announced this development at the Belt and Road Summit in Hong Kong. The custodial risk insurance is essential for digital asset exchanges, custodians, and service providers, protecting against risks such as hacks, theft, internal fraud, and physical damage. This approval marks the first time such specialized insurance is available directly in the UAE, further solidifying the country’s position as a hub for digital assets.

Al Salam Bank has introduced a new Youth debit card for individuals aged 10 to below 18 years old. The card features a modern design and offers up to 30% discounts and exclusive deals at restaurants, cafes, fitness centers, and more. It aims to promote financial independence among youth. New clients can open an account and get the card instantly at the Bank’s Self-Service Kiosk, while existing clients can replace their current cards at the kiosk. The card includes benefits such as loyalty rewards, independent usage of BenefitPay, and eligibility for monthly prizes. For more details, visit the Bank’s website or contact them via WhatsApp or their virtual branch.