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ADCB H1 profit up 28pc; operating income hits $2.5bn

Abu Dhabi Commercial Bank (ADCB) has registered solid growth for the first half of the year with its net profit before tax surging 28% year-on-year to hit AED5.023 billion ( 1.36 billion) while its operating...

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Sanad posts H1 revenue of $630m; projects $1.23bn for FY

Sanad a global aerospace engineering and leasing solutions leader has posted robust first-half (H1) revenue of AED2.3 billion ( 630 million) and projects full-year (FY) earnings of AED4.5 billion ( 1.23...

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GII finalises investment in GEMS Education

Gulf Islamic Investments group (GII) has concluded its funding arrangements to invest in the Dubai-headquartered private schools operator and service provider GEMS Education. GII is part of a consortium...

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Emirates Islamic H1 net jumps 37pc to $460m; highest ever

Emirates Islamic achieved its highest ever half-year net profit with a remarkable 37% increase to AED1.7 billion ( 460 million) propelled by superior levels of both funded and non-funded income. Total...

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ADGM revises fees for commercial licences starting 2025

ADGM the international financial centre of the UAE s capital has announced significant revisions to its licensing fee schedule as part of its transitional arrangements for Al Reem Island businesses. Starting...

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Meeza teams up with AMD to accelerate AI revolution in Qatar

Qatar s leading IT services and data centres provider Meeza has entered into an agreement with AMD a global leader in high-performance computing and graphics solutions to propel the AI revolution in Qatar...

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Foreigners remain net buyers of GCC stocks: Kamco Invest

Foreign investors including institutional and retail investors were net buyers on GCC stock markets during Q2-2024 with net buying at 3.5 billion as compared to 1.5 billion in net buying during Q1-2024....

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Beyon wins 3 MEA Business Technology Achievement Awards

Beyon was announced as the winner of three awards at the recent MEA Business Technology Achievement Awards which took place in Dubai. The annual awards organised by MEA Business recognises organisations...

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Middle East needs to take a cautious approach: Saxo Bank

Saxo Bank has advised a cautious approach for the Middle East given the underlying fragility of the global economy. The Q3 outlook reveals a complex financial landscape with significant implications for...

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Al Ghamdi appointed as new Board Member at GII Holding

Gulf Islamic Investments group (GII) has welcomed Saeed Saleh Al Ghamdi to the Board of GII Holding strengthening its representation of Saudi nationals on its Board of Directors as GII s activities expand...

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Emirates NBD H1 net rises 12pc to record $3.8bn

Emirates NBD delivered a record profit of AED13.8 billion ( 3.8 billion) in the first half of 2024 driven by increased lending across its regional network and substantial impaired loan recoveries. Quarterly...

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FIM partners announces the next phase of its expansion in KSA

FIM Partners a leading asset manager in emerging and frontier markets has announced the next phase of its expansion in Saudi Arabia furthering its commitment to provide top-tier asset management services...

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SICO Capital announces new Board of Directors

SICO Capital a subsidiary of SICO BSC (c) a Bahrain based Wholesale Bank licensed by Central Bank of Bahrain and a leading provider of asset management brokerage and investment banking in KSA has announced...

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ENOC Group, Dream Dubai to launch new round of Zoom reward campaign

Emirates National Oil Company (Enoc) has announced that its customers can look forward to another round of shop and win campaign at Zoom in August which follows close on the heels of a season of rewards...

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Sirius acquires cloud platform company Coredge.io

Sirius Digitech Limited a joint venture between the Adani Group and Sirius International Holding (Sirius) have signed binding agreements for the acquisition of Coredge.io Private Limited. As nations increasingly...

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BNET exchanges experiences with NetLink Trust

Bahrain Network (BNET) the national broadband service provider in Bahrain recently held its first knowledge exchange visit with NetLink Trust who built Singapore s Nationwide Broadband Network. The exchange...

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