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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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Global index provider MSCI classified the Saudi equity market as an emerging market in June, a move expected to attract billions of dollars of passive funds. (Shutterstock)
October 25th, 2018 - 04:35 GMT

Saudi Cabinet Amends Laws to Lure Foreign Investments in These Sectors

Saudi Arabia is the U.S.’s main weapon buyer. According to Stockholm International Peace Research Institute (SIPRI), the data shows Riyadh made up 18 percent of total U.S. arms sales during 2013-2017 period. (Shutterstock)
October 25th, 2018 - 04:31 GMT

EU Countries Under Pressure to Cease Arms Deals With Saudi Following Khashoggi Death

Highlighting that unsafe food threatened especially young children, the report added: "Although children under 5 make up only 9 percent of the world’s population, they account for almost 40 percent of foodborne disease and 30 percent of related deaths." (Shutterstock)
October 25th, 2018 - 04:24 GMT

Contaminated Food Comes With a $110 Billion Tab Annually

Cavusoglu said President Recep Tayyip Erdogan had previously mentioned that Turkey is taking natural gas from Russia and Iran and if it does not have more options, the country would have to continue taking gas from those two countries. (Shutterstock)
October 25th, 2018 - 04:19 GMT

Turkey Demands Waiver From US Sanctions on Iran

According to the statement, the MOUs support Saudi Aramco's forward-looking strategy across business units, including downstream, offshore, and engineering. (Saudi Aramco)
October 25th, 2018 - 04:14 GMT

Energy MoU's Take the Lion's Share at Saudi's FII With Saudi Aramco Hitting $34 Billion

The Dubai Mall 10 Year Celebrations are billed to be the must-attend event of the year.
October 24th, 2018 - 12:15 GMT

The Dubai Mall Marks a Glorious Decade of Setting New Standards and Transforming Global Retail

Thierry Aucoc, Senior Vice President, Commercial at Emirates, Jeyhun Efendi, Senior Vice President, Commercial Operations and E-commerce at flydubai, Petri Vuori, Vice President at Finavia, Sales and Route Development.
October 24th, 2018 - 12:06 GMT

flydubai Inaugural Flight Lands in Helsinki

Loulwa Al-Ayoubi, Acting Group Head of Investor Relations & Corporate Communications at Burgan Bank
October 24th, 2018 - 11:57 GMT

Burgan Bank Sponsors the First 'Awaken Festival' in Collaboration With en.v

Emirates NBD receives the ‘Innovation in Hybrid IT Management’ award from Micro Focus.
October 24th, 2018 - 11:49 GMT

Emirates NBD’s Automation Efforts Recognised by World’s Largest Enterprise Software Company

Al Bustan Palace, a Ritz-Carlton Hotel
October 24th, 2018 - 11:20 GMT

Al Bustan Palace, a Ritz-Carlton Hotel Cultivates Next Generation Omani Hospitality Leaders

Dubai Financial Services Authority
October 24th, 2018 - 11:08 GMT

DFSA to Open Second Cohort for Innovation Testing Licence Applications

Concluding on 31st August, the promotion’s draw was conducted recently at Bank Sohar’s headquarters in its commitment to reward the loyalty of customers using Excel, Platinum, Signature and Infinite credit cards.
October 24th, 2018 - 11:01 GMT

20 Winners Revealed in Bank Sohar’s Credit Card Promotion

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