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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 inauguration ceremony
October 8th, 2018 - 05:35 GMT

Dhahi Khalfan Launches First-of-Its-Kind Smart Building

The crown prince, facing US pressure to tame surging oil prices, also said that the Kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions. (Shutterstock)
October 8th, 2018 - 05:33 GMT

Bin Salman's Aramco IPO Confirmation Falls Deaf on Saudi and GCC Stocks

It was unclear whether the latest devaluation was part of a move to float the pound as recommended by the International Monetary Fund (IMF) to curb the wide disparity between the official and unofficial rates that had severely impacted the African country's economy. (Shutterstock)
October 8th, 2018 - 05:28 GMT

Amidst Soaring Food Prices, Sudan's Currency Rate Slashed at 47.5 Against the Dollar

In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months.
October 8th, 2018 - 05:27 GMT

Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw

ADX CEO Rashid Al Blooshi, and Aldar CEO Talal Al Dhiyebi rang the bell to mark the dual listing of the sukuk. (Shutterstock)
October 8th, 2018 - 05:23 GMT

ADX Welcomes Historic Aldar Investments Debut With $500 Million Sukuk Listing

Feras bin Abdallah Al Shaikh, Director of Consumer Sales at Ooredoo
October 8th, 2018 - 05:17 GMT

Ooredoo Offers Extensive In-Home Connectivity

"It is important for us to present here in Abu Dhabi, because many important things are happening, and the opening of a representative office in the UAE, is the result of the long strategic partnership with the UAE Space Agency, and Mohammed bin Rashid Space Centre, MBRSC," (AFP)
October 8th, 2018 - 05:14 GMT

France Wants to Have a Space Odyssey With the UAE

Opening show, ‘The Wise Poet’, Dubai Festival for Youth Theatre 2018.
October 8th, 2018 - 05:10 GMT

Dubai Culture Launches 12th Edition of Dubai Festival for Youth Theatre 2018

Cementing its commitment to becoming one of the smartest cities in the world, the digital initiative has gone one step further following 2017's debut launch of 'A Day Without Service Centres', by extending it to run for a full week. (Shutterstock)
October 8th, 2018 - 05:07 GMT

40 Dubai Public Departments Go Exclusively Digital in Bid to Promote Smart Government

Ahmad Bin Shafar, CEO of Empower.
October 8th, 2018 - 05:03 GMT

Empower’s ‘24⁰C Cool’ Campaign Records Saving of 4.1 Percent in 3 Months

With competitive prices, the range of iconic and irresistible vehicles are available while stocks last until December 31, 2018.
October 8th, 2018 - 04:46 GMT

Mercedes-Benz Oman Offers Competitive Prices on Its Certified Pre-Owned Vehicles

Available for a limited period of time ‘Bye. Bye. Buy’ is Al-Futtaim Toyota’s latest campaign.
October 8th, 2018 - 04:28 GMT

Al-Futtaim Toyota Says Bye. Bye. Buy on Select 2018 Models

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