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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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Stellantis reverses planned layoffs of 1,100 workers
December 22nd, 2024 - 08:29 GMT

Stellantis reverses planned layoffs of 1,100 workers

First ever All Women Iranian flight lands in Mashhad, making aviation history
December 22nd, 2024 - 07:53 GMT

First ever All Women Iranian flight lands in Mashhad, making aviation history

No teachers in a US school, only AI educators
December 22nd, 2024 - 11:00 GMT
Reema Tuqan

No teachers in a US school, only AI educators

Russia
December 22nd, 2024 - 08:35 GMT
Syndigate

Russia keeps its interest rate unchanged at 21%

Burgan Bank Receives CBK’s Approval to Acquire 100% Stake in Bahrain’s United Gulf Bank
December 22nd, 2024 - 07:34 GMT

Burgan Bank Receives CBK’s Approval to Acquire 100% Stake in Bahrain’s United Gulf Bank

Apple Watch Ultra: 3 major leaks revealed for 2025
December 22nd, 2024 - 07:28 GMT
Reema Tuqan

Apple Watch Ultra: 3 major leaks revealed for 2025

Cocoa
December 22nd, 2024 - 07:28 GMT
Syndigate

Cocoa prices see a new record of nearly $13K per ton

Bitcoin
December 22nd, 2024 - 06:45 GMT
Syndigate

Bitcoin price drop by 10% during Fed related concerns

Did Mr. Beast really rent the Egyptian pyramids?
December 21st, 2024 - 06:41 GMT
Reema Tuqan

Did Mr. Beast really rent the Egyptian pyramids?

OpenAI fined $15.5M by Italy over ChatGPT
December 21st, 2024 - 05:37 GMT
Reema Tuqan

OpenAI fined $15.5M by Italy over ChatGPT

Starbucks employees begin strike today in the US
December 20th, 2024 - 09:27 GMT
Reema Tuqan

Starbucks employees begin strike today in the US

NEOM and Samsung C&T invest $350M in construction robots
December 20th, 2024 - 08:37 GMT
Reema Tuqan

NEOM and Samsung C&T invest $350M in construction robots

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