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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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Saudi Arabia
June 18th, 2024 - 11:42 GMT

Saudi Arabia leads in Middle Eastern banking growth

Add Value Machine logo
June 18th, 2024 - 05:50 GMT

Add Value Machine, ADCB and Amazon Web Services (AWS) Successfully Conclude UAE's First-Ever Generative AI Hackathon in the Banking Sector

Ethiopian Airlines Group partners with UAE-Based Loyyal and Finfare Connect
June 18th, 2024 - 05:47 GMT

Ethiopian Airlines Group partners with UAE-Based Loyyal and Finfare Connect to launch seamless bank-linked every-day offers for its ShebaMiles members.

Cognite
June 18th, 2024 - 05:44 GMT

Cognite Atlas AI™ Delivers Specialized Industrial Agents, Virtual Employees Tailored to Provide Domain-Specific Insights and Automate Complex Industrial Tasks

Omar Al Olama, the UAE's Minister of State for AI
June 18th, 2024 - 05:41 GMT

Dubai becomes the world metropolis for artificial intelligence

bybit
June 18th, 2024 - 05:39 GMT

Bybit Launches ZKsync (ZK) on ByStarter: A Revolutionary Crypto Initiative

Dev Santani, Managing Director, Brookfield Special Investments
June 18th, 2024 - 05:36 GMT

Brookfield-led Consortium Enters into an Agreement to Invest in GEMS Education, Partnering with the Varkey Group

DMD purchased 80 DryView printers, which together have a projected print volume of more than 60,000 square feet in 2024
June 18th, 2024 - 05:27 GMT

Carestream Secures Crucial Business Partner Agreement in Peru

US sues Adobe over hiding terms in hard to cancel subscriptions
June 17th, 2024 - 10:48 GMT

US sues Adobe over hiding terms in hard to cancel subscriptions

IMF predicts deeper downturn for Argentina’s economy as new president takes over
June 17th, 2024 - 09:49 GMT

IMF predicts deeper downturn for Argentina's economy as new president takes over

US needs 15 years to catch up to Chinese nuclear energy, report finds
June 17th, 2024 - 11:56 GMT

US needs 15 years to catch up to Chinese nuclear energy, report finds

shelters
June 17th, 2024 - 11:42 GMT

Karmod, Turkish company who built shelters for stray dogs

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