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BUSINESS

BUSINESS latest

CBI grows pre-tax profit by 14% to AED 52.1 million  in Q1 2026
May 1st, 2026 - 03:34 GMT

CBI grows pre-tax profit by 14% to AED 52.1 million in Q1 2026

Commercial Bank International PJSC (“CBI” or “the Bank”) (ADX Symbol: CBI; ISIN: AEC000101019), a leading UAE bank, today released its financial results for the first quarter of 2026. Key Financial Highlights: • For Q1 2026, CBI reported pre-tax net profit of AED 52.1 million marking a 14% year-on-year (YoY) increase in profitability. Growth was driven by prudent balance sheet management, asset expansion, and resolution of legacy issues • Post-tax net profit of AED 47.1 million, delivering enhanced shareholder value • Net Interest Income increased by 7% YoY to AED 104 ...
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DP World to Acquire 60 Percent Stake in South Korea's UNICO Logistics
July 28th, 2020 - 11:30 GMT

DP World to Acquire 60 Percent Stake in South Korea's UNICO Logistics

HP Enterprises Inaugurates ‘Digital Life’ Hub in Dubai
July 28th, 2020 - 11:00 GMT

HP Enterprises Inaugurates ‘Digital Life’ Hub in Dubai

No Bones About It: Ford Experiments with Four-Legged Robots, to Scout Factories, Saving Time, Money
July 28th, 2020 - 10:51 GMT

No Bones About It: Ford Experiments with Four-Legged Robots, to Scout Factories, Saving Time, Money

Dubai Economy and Emirates NBD go live  with the UAE KYC Blockchain Platform
July 28th, 2020 - 10:45 GMT

Dubai Economy and Emirates NBD go live with the UAE KYC Blockchain Platform

Emirates clinches 4th consecutive Best First Class award at 2020 Tripadvisor Travelers’ Choice Awards for Airlines
July 28th, 2020 - 10:36 GMT

Emirates clinches 4th consecutive Best First Class award at 2020 Tripadvisor Travelers’ Choice Awards for Airlines

UAE: Startupbootcamp Establishes Regional HQ in DIFC
July 28th, 2020 - 10:30 GMT

UAE: Startupbootcamp Establishes Regional HQ in DIFC

Smart Dubai Collaborates with Dubai Health Authority to Upgrade ‘Smart Inventory’ Application
July 28th, 2020 - 10:16 GMT

Smart Dubai Collaborates with Dubai Health Authority to Upgrade ‘Smart Inventory’ Application

Al Zeyoudi discusses diversification of trade & investment partnerships with British counterpart
July 28th, 2020 - 10:07 GMT

Al Zeyoudi discusses diversification of trade & investment partnerships with British counterpart

The State of M&A Activity in the Middle East
July 28th, 2020 - 10:00 GMT

The State of M&A Activity in the Middle East

84% of Emirati parents use their gadgets to entertain their child when they travel: Kaspersky on tendencies of parenting in a digital age
July 28th, 2020 - 09:55 GMT

84% of Emirati parents use their gadgets to entertain their child when they travel: Kaspersky on tendencies of parenting in a digital age

UAE: Abu Dhabi Raises On-Site Workforce to 60 Percent
July 28th, 2020 - 09:30 GMT

UAE: Abu Dhabi Raises On-Site Workforce to 60 Percent

Samsung: Six of the best tech gifts this Eid
July 28th, 2020 - 09:16 GMT

Samsung: Six of the best tech gifts this Eid

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