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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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A member of the committee MP Mohammad Al- Dalal stressed the need to prioritize Kuwaitis for jobs especially in the private sector, adding that the number of expatriates especially those from Egypt and the Philippines must be reviewed. (Shutterstock)
October 21st, 2018 - 06:00 GMT

Kuwait Wants Less Expats in Public Sector to Make Room for 12,000 Unemployed Citizens

The ministry said in a statement that Socar Turkey's investment, which is expected to reach $2 billion, will be realized without any bureaucratic hurdles. (Shutterstock)
October 21st, 2018 - 05:54 GMT

Turkey's New Oil Refinery to Reduce Its Trade Deficit by $1.5 Billion

This June Turkey took delivery of its first two F-35 fighter jets at a ceremony in Fort Worth, Texas. (Shutterstock)
October 21st, 2018 - 05:50 GMT

Turkey's Defense, Aerospace Industry Exports to Reach $2 Billion

Tunisia is engaging in this process at a time in which Moody's has just changed its outlook from "stable" to "negative." (Shutterstock)
October 21st, 2018 - 05:44 GMT

Tunisia to Issue First Eurobond in 2018 on International Financial Market at €867.7 Million

This exciting workshop motivated participants to master the necessary skills, thereby learning a new craft, while gaining new insights about these fine arts in the process.
October 21st, 2018 - 05:37 GMT

Dubai Culture Organises ‘Carving on Wood and Gypsum’ Workshop

During the event
October 21st, 2018 - 05:26 GMT

Elm Concludes Successful Participation in Gitex Technology Week 2018

Burgan Bank breast cancer awareness campaign.
October 21st, 2018 - 05:19 GMT

Burgan Bank Holds Annual Awareness Campaign ‘Together Against Breast Cancer’

Abu Dhabi International Boat Show
October 21st, 2018 - 05:05 GMT

Pioneering Edition of Abu Dhabi International Boat Show Continues With Strong Run of Visitors on Its Third Day

During the celebrations.Speaking to the audience, the women touched upon their own personal experiences, explaining some of the obstacles they had to overcome.
October 21st, 2018 - 04:50 GMT

National Bank of Oman Celebrates the Power of Women

LG 2018 SIGNATURE products.
October 18th, 2018 - 12:18 GMT

LG Showcases Their Latest Signature Line-Up At the 11th Korea-Arab Friendship Caravan Riyadh

The award, in its 27th edition, evaluates the long-term credit ratings of banks across the world from global ratings agencies Moody’s, Standard & Poor’s and Fitch.
October 18th, 2018 - 12:15 GMT

FAB Recognised As Safest Bank in the Middle East for Second Consecutive Year

During the session
October 18th, 2018 - 12:11 GMT

The UAE Ministry of Finance Holds Interactive Session on Its Artificial Intelligence Initiatives

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