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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 Google Pixel 3 is promising to give you the best smartphone camera in 2018. (TechRadar)
October 10th, 2018 - 06:41 GMT

Your Ultimate Google Pixel 3 Review

The turbine unit contract is Boston-based GE’s biggest in the Middle East and North Africa and Turkey so far this year. (Shutterstock)
October 10th, 2018 - 06:39 GMT

GE to Power Egypt's First Nuclear Plant

Privatization in Iran witnessed 100 percent growth during the first five months of this year (March 21-August 22) compared to the same period of time in the previous year. (Shutterstock)
October 10th, 2018 - 06:33 GMT

Iran Divests Over $123 Million Worth of State-Run Shares

"Tunisia records today 2.4 million online payments for a volume of about 166 million dinars. A figure in evolution but it is insufficient.” (Shutterstock)
October 10th, 2018 - 06:23 GMT

Tunisia Considering Digital Banking to Boost Economy

Majid Saad Al Arifi, Marketing Executive Vice President
October 10th, 2018 - 06:16 GMT

Elm Gears Up for Gitex Technology Week 2018 to Showcase Latest Range of Innovative Services and Applications

Siemens Gamesa will establish a transformer substation to move the energy produced from the first wind farm in Ras Ghareb, with a capacity of 220 kV to transfer 180 MW, and another station of 500 kV to transfer 650 MW. (Shutterstock)
October 10th, 2018 - 06:16 GMT

Egypt to Harness Wind Power With €2 Billion Investments

 60 percent of the world's population is within eight hours of flying from the country. Foreign investors can benefit from this strategic location by accessing 400 million consumers in the neighbouring countries. (Shutterstock)
October 10th, 2018 - 06:09 GMT

Qatar Sets 2019 for Free Zones Launch

"The currency devaluation has had an effect on the startup scene - there is a funding gap that must be addressed, as well as an issue with recruiting or retaining experienced talent." (Shutterstock)
October 10th, 2018 - 06:00 GMT

Egypt's Startup Potential Is Hurdled by Currency Devaluation

ESCA is drafting regulations for ICOs with international advisers and is working with the Abu Dhabi and Dubai stock markets to develop trading platforms for the offers, he said, adding that details would be announced later. (Shutterstock)
October 10th, 2018 - 05:44 GMT

UAE to Launch Initial Coin Offerings in 2019

The IMF said the Iranian economy was now expected to contract over the next two years "on account of reduced oil production, before returning to modest positive growth in 2020–23". (Shutterstock)
October 10th, 2018 - 05:40 GMT

IMF Forecasts Iran's Economy to Shrink by 3.6 Percent in 2019 Due to US Sanctions

Qatari banking sector ranks third among Arab banking sectors in terms of asset size, accounting for about 11 percent of the total assets of the Arab banking sector, and 10 percent of its deposits. (Shutterstock)
October 10th, 2018 - 05:34 GMT

Qatar's $382.5 Billion Banking Sector Stable Despite Siege

The government is currently taking several steps towards resolving Kuwait’s demographic imbalance and restructuring the local labor market. (Shutterstock)
October 10th, 2018 - 05:26 GMT

Kuwait Will Only Allow Expats With "Good" GPA to Join the Private Sector

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