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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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The head of the state-run National Iranian Oil Company (NIOC) said Fri. that foreign customers can now purchase Iranian crude oil via Energy Exchange by obtaining new ‘trading codes’. (Shutterstock)
October 28th, 2018 - 09:55 GMT

Iran Launches Energy Exchange Trading Codes to Enable Oil Foreign Purchases

Macron stressed that it was clear that the journalist, last seen entering the Saudi consulate in Istanbul on October 2, had been assassinated. (AFP)
October 28th, 2018 - 09:49 GMT

Unlike Germany, France to Continue Arms Sales to Saudi Arabia Despite Khashoggi Killing

Khashoggi, a Saudi national and columnist for The Washington Post, was last seen entering the his country's consulate in Istanbul on October 2. (AFP)
October 28th, 2018 - 09:39 GMT

Report: Khashoggi Killing to Have Short Term Impact on Saudi Economic Reform

The project will consist of multiple stages and is said to open by 2022. (Shutterstock)
October 28th, 2018 - 09:27 GMT

Work on Oman’s $130 Million Barka Marina Project Kicks Off

LG has released a range of user-friendly and innovative kitchen products to make its consumers’ kitchens more functional.
October 28th, 2018 - 09:19 GMT

LG’s Focus on Intuitive Design and Efficiency, Develops User-Friendly and Ergonomic Kitchens

Blockchain adoption is accelerating globally and is set to go mainstream becoming a built-in part of technology and business process solutions.
October 28th, 2018 - 08:54 GMT

Fintech Summit in Dubai to Unlock the Benefits of Blockchain

This exhibition aimed to highlight the role of mosques in societies and reveal unique architectural masterpieces in the Arab and Islamic world.
October 28th, 2018 - 08:47 GMT

Dubai Culture Highlights Best Photos of ‘Mosques of the World’ Exhibition

More than 200 young customers enjoyed an evening full of entertainment ranging from music to sports.
October 28th, 2018 - 08:23 GMT

National Bank of Oman Celebrates the Power of Omani Youth

HE Brigadier Eng. Hussein Al Harthi, Director General of Electronic Services at the UAE Ministry of Interior; and Rami Kichli, Vice President, Software AG, Gulf & Levant
October 28th, 2018 - 08:10 GMT

Software AG Signs Partnership Agreements With UAE Ministry of Interior & Rochester Institute of Technology Dubai

Economy Minister Mohammed Al-Tuwaijri with Kirill Dmitriev, Bassem Awadallah and Darren Davis at Thursday’s panel discussion moderated by Frank Kane. (AN photo by Ziyad Alarfaj)
October 28th, 2018 - 08:01 GMT

Saudi Arabia to Privatize These Four Sectors

The country’s non-oil revenues surged by almost half in the third quarter compared to the same time last year. (Shutterstock)
October 28th, 2018 - 07:46 GMT

Saudi's Giga-Projects Buoyed by $60 Billion Worth of Deals at FII

Turkish and Germany energy ministers on Friday signed a letter of intent to develop energy projects. (Shutterstock)
October 28th, 2018 - 07:39 GMT

Germany to Build on Its €25 Billion Energy Investments in Turkey

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