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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 sale of e-cigarettes and e-shishas are prohibited in the country. (Shutterstock)
October 16th, 2018 - 08:34 GMT

It's Official: UAE Bans E-Cigarettes in Public

JICA always supports development of mutual cooperation in the private sector and it will use its utmost efforts to return the Japanese companies to the Iranian market. (Shutterstock)
October 16th, 2018 - 08:28 GMT

Japan Comes to Iran's Rescue Ahead of Sanctions

The Hospitality sector will create 20,000 additional jobs by 2020. (Shutterstock)
October 16th, 2018 - 08:10 GMT

Jordan to Create 20,000 Hospitality Jobs by 2020

20 inspectors for sea-related training have taken part in the VR sessions to get them ready for fieldwork. (KhaleejTimes)
October 16th, 2018 - 08:05 GMT

Dubai Customs Employs VR to Locate Hidden Drugs, Weapons

The investment bank was alluding to the Central Bank’s 2016 financial engineering which helped BDL draw more dollars to beef up its foreign currency reserves. (AFP)
October 16th, 2018 - 08:00 GMT

Goldman Sachs Hopes BDL Will Help Lebanon Avoid a Financial Crisis

The program for a high-profile gathering of global leaders, business chiefs and innovators in Riyadh next week. (Shutterstock)
October 16th, 2018 - 07:41 GMT

‘Davos in the Desert’ Attracts 150 Global Influencers to Riyadh

If Saudi Arabia does use its crude resources to hit back, it would be a break from its decades-old policy of putting petroleum above politics. (Shutterstock)
October 16th, 2018 - 07:33 GMT

Saudi Arabia Will Mix Oil With Politics If Threatened Over Khashoggi Case

Mubadala said it would consider reviving the IPO. (AFP)
October 16th, 2018 - 07:20 GMT

Abu Dhabi Cancels Cepsa's IPO as Investors Recoil

Masayoshi Son has already paid a price for his close ties to Saudi Arabia. It could soon go much higher. (AFP)
October 16th, 2018 - 07:12 GMT

How the Khashoggi Case Is Costing Softbank's Son 19 Percent of Stocks Losses

Prices jumped so fast that the $85 barrier was broken, with expectations that it would reach $90. (Shutterstock)
October 16th, 2018 - 06:37 GMT

Opinion: Oil Prices Will Continue to Rise, and Here's Why

Automobile spare parts market is one of the lucrative trade areas in the Kingdom. (Shutterstock)
October 16th, 2018 - 06:32 GMT

Automobile Sector Jobs Finds Favour With Young Saudis

The UAE has the youngest population in the GCC with 50 per cent under 20 years old. (Shutterstock)
October 16th, 2018 - 06:26 GMT

Jobs for Locals Top Priority on GCC Strategy

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