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BUSINESS

BUSINESS latest

CBI grows pre-tax profit by 68% to AED 156 million in H1 2026
July 31st, 2026 - 04:14 GMT

CBI grows pre-tax profit by 68% to AED 156 million in H1 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 half of 2026. Key Financial Highlights: • For H1 2026, CBI reported pre-tax net profit of AED 156 million marking a 68% year-on-year (YoY) increase in profitability. Growth was driven by balance sheet expansion and resolution of legacy issues. • The Bank reported pre-tax net profit of AED 104 million for Q2’26 aided by recoveries following resolution of legacy issues. • Net Interest Income increased ...
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Al Bawaba
April 14th, 2014 - 04:25 GMT

NBAD MENA Dividend Leader Fund delivers5.59% & 5.52%

Al Bawaba
April 14th, 2014 - 04:20 GMT

Hyundai launches all-new Genesis in the Middle East and Africa

Al Bawaba
April 14th, 2014 - 02:55 GMT

Identity crisis? Iranians avid shoppers of US army gear

“We will focus on the country’s historic strategy, which is to supply international markets with oil, especially the challenges facing the market as well as the future role of the member states of Opec.”
April 14th, 2014 - 02:55 GMT

The diversified economy farce: UAE striving to raise oil production capacities to 3.5 bpd

Al Bawaba
April 14th, 2014 - 02:55 GMT

Amidst unmet pledges, Kuwait remains most generous donor to Syrians

The German government will not approve a reported deal to sell up to 800 battle tanks to Saudi Arabia,
April 14th, 2014 - 02:55 GMT

Germany was about to make the biggest weapons sale deal with Saudi Arabia

Al Bawaba
April 13th, 2014 - 09:42 GMT

Meet 'TOMC' Iran: the 'other' Middle Eastern country

The committee has exempted pharmacies, gas stations, coffee shops and restaurants with special permits from the decision.
April 13th, 2014 - 08:13 GMT

Something even worse than Saudization is on its way: 9pm shop closures

There is a significant split within the MENA regions when it comes to respondents’ evaluation of the economy in their country of residence.
April 13th, 2014 - 05:58 GMT

Call it Egyptian exceptionalism? Egyptians optimistic despite week economy

Al Bawaba
April 13th, 2014 - 03:41 GMT

What makes social progress: UAE beats other Middle East countries in the Social Progress Index

Today, the average household creates enough data to fill 65 iPhones (32gb) per year. In 2020, this will grow to 318 iPhones
April 13th, 2014 - 02:48 GMT

Digital Universe Invaded by Sensors

Al Bawaba
April 13th, 2014 - 02:40 GMT

Emirates Grand Hotel Welcomes New Housekeeping Manager

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