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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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Lebanon, where winemaking dates back to the ancient Phoenicians, lies further south than most northern hemisphere wine-producing nations. (Shutterstock)
October 9th, 2018 - 05:38 GMT

The $500 Million Lebanese Wine Industry Is a Lifeline for Villages

Microsoft will create over 63,400 jobs in the Kingdom of Saudi Arabia. (Shutterstock)
October 9th, 2018 - 05:31 GMT

Saudi Arabia to Launch 63,400 New Job Opportunities

"At the beginning of the blockade, Qatar Airways predicted huge loss of over $1 billion, but we worked hard to exploit opportunities on new routes and the company's financial loss amounted to only $69 million," Qatar Airways Group CEO Akbar al Baker said. (AFP)
October 9th, 2018 - 05:28 GMT

Qatar Airways to Reach 250 Destination by 2020 Despite Blockade

Struggling social network gets a minus for security. (Shutterstock)
October 9th, 2018 - 05:24 GMT

Google+ to Shut Down Following Disastrous 500,000 Users Data Breach

The unemployment is now over 50 percent – and over 70 percent among Gaza's youth. (Shutterstock)
October 9th, 2018 - 05:19 GMT

Unemployment in Gaza Reaches 50 Percent

We all know how competitive the job market can be, job seekers need to distinguish themselves from other candidates. (Shutterstock)
October 9th, 2018 - 05:19 GMT

4 Reasons Why You Are Not Finding the Job You Want

During the signing ceremony
October 9th, 2018 - 05:12 GMT

The Supreme Legislation Committee, Dubai Competitiveness Office & Smart Dubai Office Become Strategic Partners for Dubai 10X Initiative

Erdogan added Turkey is “far from needing” a loan or technical assistance from the IMF. (Shutterstock)
October 9th, 2018 - 05:08 GMT

Turkey Rules out Any Assistance From IMF

Ihab Hinnawi, Chief Executive Officer of Batelco Group
October 9th, 2018 - 05:05 GMT

Batelco Group Participates In ‘Telecom World Middle East 2018’ Conference

The prince said the figure he’s watching is the share of wages in the budget. He said it’s down from 50 per cent in 2015 to 42 per cent today, and “in 2020, I believe it will be below 40 per cent.” (Shutterstock)
October 9th, 2018 - 05:02 GMT

Rising Unemployment and Decreasing Foreign Investment Are Not Deterring Bin Salman

Al Marjan Island currently has over 1,600 operational five-star hotel keys, including Rixos Hotels, Hilton Hotels & Resorts and Accor Hotels brands.
October 9th, 2018 - 04:58 GMT

Marjan Showcases Investment Opportunities in Ras Al Khaimah at Expo Real in Munich From October 8 to 10

The challenges that Turkey faces will require a comprehensive policy package comprising monetary, fiscal, quasi-fiscal, and financial sector policies. (Shutterstock)
October 9th, 2018 - 04:55 GMT

IMF Urges Turkey to Take Drastic Measures to Fix Economy

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