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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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One of the biggest buffers that the Gulf nations have from food insecurity is their oil revenue, according to some experts.
March 16th, 2015 - 07:09 GMT

The GCC and food security, or lack thereof

Al Bawaba
March 16th, 2015 - 06:57 GMT

IMF's Lagarde describes global economic recovery as 'too slow, too brittle, and too lopsided'

More than 14.7 million tourists visited Egypt in 2010, dropping to 9.8 million in 2011.
March 16th, 2015 - 06:49 GMT

Stealing Dubai's lucky number? Egypt wants to make $20 billion from tourism by 2020

Al Bawaba
March 16th, 2015 - 06:41 GMT

Waiting for payday: Iran still owed $7.8 billion for its oil

Al Bawaba
March 16th, 2015 - 06:33 GMT

A reality check: how are Egyptian, GCC stocks faring after the economic summit?

Al Bawaba
March 16th, 2015 - 06:24 GMT

It's rocket science! Jordanian students to fly mini-satellite with NASA

“Egypt needs at least $200-$300 billion to (develop) … I know Egypt and its problems,” Sisi said.
March 16th, 2015 - 02:20 GMT

Selfies, jokes, and billions: Sisi 'boisterous' after economic summit, but the hard part has just begun

Kuwait, Saudi Arabia and the United Arab Emirates each offered $4 billion to Egypt.
March 16th, 2015 - 02:04 GMT

That was quick: promised Gulf funds to arrive to Egypt 'within days'

China’s exports of steel to Saudi Arabia amounted to about 163,000 tonnes in the first 10 months of 2014
March 16th, 2015 - 01:57 GMT

High levels of lead: China 'dumping unsafe steal' in Saudi Arabia

Al Bawaba
March 16th, 2015 - 01:34 GMT

Emaar to have no role in construction of new Egyptian capital

If you can’t afford to pay for one, consider searching for free courses online. (Shutterstock)
March 16th, 2015 - 01:08 GMT

Beating the odds: How to get the job without relevant experience

Al Bawaba
March 16th, 2015 - 12:50 GMT

DEWA launches new environmental awareness campaign

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