Business & Economy
Al Ramz net profit jumps to AED 18.8mn in H1 2025
Al Ramz Corporation PJSC reported a sevenfold increase in first-half net profit on Tuesday, driven by strong performance…
Category: Business & Economy
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Business & Economy
First Abu Dhabi Bank opens new London branch, marking 48 years in the UK
First Abu Dhabi Bank (FAB), the UAE’s largest lender, opened its new London branch at 20 Berkeley Square…
Business & Economy
Estithmar Holding net profit doubles to $128mn in H1 2025
Estithmar Holding Q.P.S.C. has announced financial results for the six months ending 30 June 2025, reporting a net…
Business & Economy
UAE central bank follows Fed lead and maintains base rate at 4.4%
This decision was taken following the US Federal Reserve’s announcement to keep the Interest Rate on Reserve Balances…
Business & Economy
Standard Chartered launches UAE’s first Sustainable Escrow and Account Bank solution
Standard Chartered announced the launch of the UAE’s first Sustainable Escrow and Account Bank solution, allowing clients to…
Business & Economy
UAE Corporate Tax: Businesses must register July 31 or face $2,723 penalty
The Federal Tax Authority (FTA) has renewed its call for Corporate Tax registrants who have not yet registered…
Business & Economy
Dubai Islamic Bank executes the first Islamic finance deal with Turkish Airlines
Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the UAE, has executed Turkish…
Business & Economy
UAE securities regulator fines company $1.36mn for money laundering violations
The Securities and Commodities Authority (SCA) has imposed a record fine of AED 5 million on a licensed…
Business & Economy
UAE bank investments surge 16.2% to nearly $211bn in April 2025
The figure represents a 16.2 per cent increase compared to April 2024 and a 1.4 per cent rise…
Business & Economy
AI’s impact expands beyond underwriting in insurance sector: Report
Artificial intelligence (AI) continues to reshape the insurance sector, extending its influence beyond underwriting and risk profiling to…