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BUSINESS

BUSINESS latest

FAB delivers 7% growth in H1’26 operating income to AED 19.50 billion and a profit before tax of AED 13.20 billion
July 24th, 2026 - 06:04 GMT

FAB delivers 7% growth in H1’26 operating income to AED 19.50 billion and a profit before tax of AED 13.20 billion

First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions, delivered a strong performance in the first half of 2026. In Q2’26, profit before tax rose 16% sequentially and 6% year on year to AED 7.08 billion, reflecting the resilience of its diversified business model, disciplined execution, and continued client activity across its franchise. The Group reported a 7% yoy growth in operating income to AED 19.50 billion and a 3% yoy increase in profit before tax to AED 13.20 billion ...
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Elon Musk’s AI startup xAI secures $6 Billion in funding
December 24th, 2024 - 10:28 GMT

Elon Musk's AI startup xAI secures $6 Billion in funding

American Airlines fixes technical issue that halted Christmas Eve flights
December 24th, 2024 - 09:36 GMT

American Airlines fixes technical issue that halted Christmas Eve flights

Toyota plans to produce Lexus electric vehicles in China, despite potential tariffs
December 24th, 2024 - 11:38 GMT
Reema Tuqan

Toyota plans to produce Lexus electric vehicles in China, despite potential tariffs

Ford donates $1 million to support Trump's inauguration
December 24th, 2024 - 08:56 GMT
Reema Tuqan

Ford donates $1 million to support Trump's inauguration

Saudi banks
December 24th, 2024 - 08:12 GMT
Syndigate

Saudi banks sees a 24% profit growth during non-interest income

UK
December 24th, 2024 - 07:37 GMT
Syndigate

UK's GDP growth go under expectations in Q3

Telegram
December 24th, 2024 - 06:53 GMT
Syndigate

Revenues of Telegram go above $1B in 2024

Aster Sanad Hosts Hemostasis Symposium 2024 with Saudi Hematology Society
December 24th, 2024 - 05:47 GMT

Aster Sanad Hosts Hemostasis Symposium 2024 with Saudi Hematology Society

Canon and Amazon win default judgment in the U.S. against counterfeiters of camera accessories
December 24th, 2024 - 05:35 GMT

Canon and Amazon win default judgment in the U.S. against counterfeiters of camera accessories

stc collaborates with MEW to promote awareness on water and energy consumption
December 24th, 2024 - 05:20 GMT

stc collaborates with MEW to promote awareness on water and energy consumption

The First Step towards True AI Companion
December 24th, 2024 - 05:16 GMT

The First Step towards True AI Companion

Pre-orders Open for HUAWEI Mate X6 with Exclusive Early Bird Offers
December 24th, 2024 - 05:11 GMT

Pre-orders Open for HUAWEI Mate X6 with Exclusive Early Bird Offers

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