Dubai Investments Reports 31% Growth in Profit Before Tax to AED 1.70 billion for the Year Ended 31 December 2025

Dubai Investments Reports 31% Growth in Profit Before Tax to AED 1.70 billion for the Year Ended 31 December 2025Dubai, UAE, March 25, 2026: Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), reported a profit before tax of AED 1.70 billion for the fiscal year ended 31 December 2025, representing a 31% increase compared to AED 1.30 billion in the previous year.Net profit after tax attributable to shareholders increased to AED 1.55 billion, compared to AED 1.21 billion in the previous year.The Group’s total income stood at AED 4.63 billion in 2025, reflecting a stable revenue base supported by contributions across its diversified business segments, including real estate, investments and ......read full article

National Bank of Fujairah PJSC (NBF) posted its third consecutive year of record results; surpassing the AED 1.2 billion net profit milestone for the first time in our history to d

National Bank of Fujairah PJSC (NBF) posted its third consecutive year of record results; surpassing the AED 1.2 billion net profit milestone for the first time in our history to d24 March 2026: NBF held its Annual General Assembly Meeting (AGAM) today at the DoubleTree by Hilton, Fujairah, United Arab Emirates, where shareholders approved the Chairman's and Directors' Reports, and the Internal Shari'ah Supervision Committee Report for NBF Islamic, the Islamic banking window of NBF. The bank's consolidated financial statements for the year ended 31 December 2025 were discussed and approved.The bank's shareholders also approved the distribution of profits equivalent to 20% (AED 516.1 million) of share capital in the form of cash dividends .The shareholders confirmed the appointment and remuneration ......read full article

Hotpack honors outstanding talent and innovation at ‘CEO Excellence Awards 2026'

Hotpack honors outstanding talent and innovation at ‘CEO Excellence Awards 2026'Dubai, UAE – March 23, 2025: Hotpack, the UAE-based leader in sustainable packaging solutions, hosted its annual ‘CEO Excellence Awards 2026’ recently in Dubai, in recognition of the outstanding contribution of individual employees, teams and projects across the operations of the company.The ‘CEO Excellence Awards’ has been instituted to identify talents, and team works that performed leadership, innovation, and operational excellence contributing to Hotpack’s overall growth and success. The event brought together employees from all divisions, celebrating their achievements and fostering a culture of ......read full article

Wio Bank PJSC reports AED 61 billion assets and record revenue of AED 1.24 billion in FY2025

Wio Bank PJSC reports AED 61 billion assets and record revenue of AED 1.24 billion in FY2025In its third full year of operations, Wio Bank reported net profits of AED 622 million, reflecting 57% growth over 2024More businesses and individuals chose Wio as their primary bank, with customer deposits soaring to AED 57 billionWio ranked as the most loved bank in the UAE across segments, with an NPS of 75 for Wio Business and 76 for Wio Personal, the highest in the industryWio's robust balance sheet, impressive profitability, and strong shareholder base give it resilience and support the focus on long-term strategyAbu Dhabi, UAE – 17 March 2026: Wio Bank PJSC (“Wio”) reported a strong financial performance in ......read full article

talabat proposes share buyback programme and mandates appointment of a liquidity provider

talabat proposes share buyback programme and  mandates appointment of a liquidity  providerShare buyback programme of up to 5% of the Company’s issued share capital over a period of up to two years from the date of shareholder approvalReinforces commitment to enhancing shareholder value as part of the Company’s capital allocation framework and confidence in talabat’s growth outlookShareholders will also vote to approve the final proposed 2025 dividends of USD 219 million (3.450 fils per share) at the AGM scheduled on 13 April 2026, bringing total 2025 dividends to USD 421 million (6.638 fils per share)Board mandates the appointment of a liquidity provider to enhance trading liquidityDubai, UAE, 16 March 2026: ......read full article

Majid Al Futtaim Reports Record FY 2025 Results with 41% Net Profit Growth and Strongest Balance Sheet in over a Decade

Majid Al Futtaim Reports Record FY 2025 Results with 41% Net Profit Growth and Strongest Balance Sheet in over a DecadeKey Highlights:Reported 10% increase in EBITDA, reaching AED 5.1 billion, the first time the company has exceeded AED 5 billion, and a 6% increase in revenue to AED 35.9 billion.Increased net profit by 41% to AED 3.6 billion including valuation gains.Achieved net profit growth of 48% reaching AED 2.3 billion excluding valuation gains.Generated AED 3.5 billion in free cash flow; net debt reduced by 15% to AED 11.9 billion with net debt-to-equity improving to 32%.Expanded its loyalty ecosystem with SHARE surpassing 10 million members while driving higher engagement through two new co-branded credit cards.Grew its UAE revenue by 11% exceeding ......read full article

Al Mal Capital REIT Announces Final Dividend Distribution of 3.75 Fils per Unit for H2 FY2025

Al Mal Capital REIT Announces Final Dividend Distribution of 3.75 Fils per Unit for H2 FY2025Dubai, UAE, 16 March 2026 – Al Mal Capital REIT (“AMCREIT”), the first REIT listed on DFM, regulated by the UAE’s Capital Market Authority, and managed by Al Mal Capital PSC (“Al Mal Capital”), a subsidiary of Dubai Investments PJSC, announced today that the REIT will distribute a final dividend of 3.75 fils per unit for the second half of the financial year ended 31 December 2025, amounting to a total distribution of AED 26,295,540 million (as against AED 19,270,871 for six months ended 30 June 2025).The distribution, in line with AMCREIT’s Investment Policy and CMA regulations, is declared on the ......read full article

TAQA Shareholders Elect New Board of Directors; Board appoints H.E. Jassem Mohammed Bu Ataba Al Zaabi as Chairman

TAQA Shareholders Elect New Board of Directors; Board appoints H.E. Jassem Mohammed Bu Ataba Al Zaabi as ChairmanTAQA shareholders approve updated dividend policy for 2026-2028Abu Dhabi, UAE – 13 March 2026 – Abu Dhabi National Energy Company PJSC (“TAQA” or the “Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, today announced that its shareholders have confirmed the composition of its new Board of Directors following the Company’s Annual General Assembly.Shareholders also approved the Board of Directors’ recommendation for a final cash dividend of 2.20 fils per share for the fourth quarter of 2025, comprising a fixed dividend of 1.5 fils per share ......read full article

Invictus Investment publishes 2025 ESG report

Invictus Investment publishes 2025 ESG reportThird publication demonstrates continued progress in embedding ESG principles across the company's rapidly scaling agro-food operationsDubai, United Arab Emirates, 12 March 2026: Invictus Investment Company PLC (ADX: INVICTUS), a leading holding company specialised in agro-food commodities across the Middle East and Africa, today announced the publication of its third Environmental, Social and Governance (ESG) report for the 12 months ended December 31, 2025. Prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards, ADX ESG Disclosure Guidance and the UN Sustainable Development Goals, the ......read full article

talabat proposes share buyback programme and mandates appointment of a liquidity provider

talabat proposes share buyback programme and  mandates appointment of a liquidity providerShare buyback programme of up to 5% of the Company’s issued share capital over a period of up to two years from the date of shareholder approvalReinforces commitment to enhancing shareholder value as part of the Company’s capital allocation framework and confidence in talabat’s growth outlookShareholders will also vote to approve the final proposed 2025 dividends of USD 219 million (3.450 fils per share) at the AGM scheduled on 13 April 2026, bringing total 2025 dividends to USD 421 million (6.638 fils per share)Board mandates the appointment of a liquidity provider to enhance trading liquidityDubai, UAE, 12 March 2026: ......read full article

Schneider Electric Joins Forces with Tradeling to Accelerate Digital Distribution of Electrical and Industrial Automation Products across the UAE

Schneider Electric Joins Forces with Tradeling to Accelerate Digital Distribution of Electrical and Industrial Automation Products across the UAECollaboration marks Tradeling's entry into new product category, bringing Schneider Electric’s Lauritz Knudsen (LK) and Industrial Automation solutions to B2B buyers through innovative hybrid route-to-marketDubai, UAE, March 12, 2026 - Schneider Electric, a global energy technology leader, today announced that it is collaborating with Tradeling, the MENA region’s largest B2B digital ecosystem, backed by the Dubai Integrated Economic Zones Authority (DIEZA). The two parties inked an agreement formalizing synergies at Schneider Electric’s Dubai office, The NEST, marking a new chapter in digital B2B commerce for the ......read full article

Emrill wins five company and individual honours at Wasl Annual FM Rewards and Recognition Event

Emrill wins five company and individual honours at Wasl Annual FM Rewards and Recognition EventEmrill, a leading integrated facilities management provider in the UAE, has been recognised with five awards at the Wasl Annual FM Rewards and Recognition Event, held in February 2026. The annual event, hosted by Wasl, one of Dubai’s largest real estate management and development companies, celebrates outstanding performance, service excellence and operational achievement across its facilities management partners and service providers.At the event, Emrill was named Best Facilities Management Service Provider Company of the Year, recognising its overall performance throughout 2025 across Wasl’s diverse portfolio of residential, ......read full article

Orient Insurance Board Approves AED 500 Million Cash Dividend for 2025

Dubai, United Arab Emirates; 2 March 2026: Orient Insurance, a subsidiary of Al-Futtaim, announced that its Board of Directors approved the distribution of cash dividends during its meeting on 2 March 2026. The approved dividend amounts to 100% of the company’s share capital, with a total value of AED 500 million (equivalent to AED 100 per share) for the financial year 2025.Orient Insurance delivered strong financial results for the year ended 31 December 2025, reporting a record net profit of AED 836 million, representing a 14% increase compared to AED 731 million in 2024. The company also recorded significant growth in gross written ......read full article

ICICI Prudential Asset Management Company Limited Inaugurates it's DIFC Branch

ICICI Prudential Asset Management Company Limited Inaugurates it's DIFC BranchExpands Global Footprint to Connect with Global InvestorsDubai, February 28, 2026: ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC), one of India’s largest asset management company, today inaugurated its branch in Dubai International Financial Centre (‘DIFC’), marking a significant step in its overseas expansion strategy and reinforcing its commitment to serving institutional and wealth investors across the Gulf Cooperation Council (GCC)and Africa region. The DIFC presence will serve as a strategic hub for ICICI Prudential AMC international business, enabling closer engagement with sovereign ......read full article

EGA delivers strong underlying financial performance and record sales in 2025

EGA delivers strong underlying financial performance and record  sales in 2025Abu Dhabi, United Arab Emirates, 27 February 2026: Emirates Global Aluminium, the largest 'premium aluminium' producer in the world, and the largest industrial company in the United Arab Emirates outside the oil and gas sector, today announced the closing of a $5 billion multi-tranche debt financing.The transaction supports EGA's strategic initiatives by enhancing liquidity and providing additional financial flexibility to execute long-term plans, while further strengthening the company's balance sheet and debt maturity profile.The financing combined conventional and Shariah-compliant facilities arranged with a group of 21 ......read full article

Exus Renewables to acquire stake in Masdar's Portuguese wind portfolio

Exus Renewables to acquire stake in Masdar's Portuguese wind portfolioExus to acquire 60 percent stake in portfolio of nine wind farms located in northern and central PortugalMasdar is repowering the portfolio, which will increase total operational capacity to 164MW, with plans to codevelop 110MW of additional solar capacityAgreement will support both companies' expansion plans, while accelerating Portugal's energy transformation27th February 2026, Lisbon, Portugal – Exus Renewables, a leading global energy solutions provider, has signed an agreement with Abu Dhabi Future Energy Company PJC – Masdar, a global clean energy leader, to acquire a 60 percent stake in a portfolio of nine wind ......read full article

Building the Future: HMH's Commitment to People, Planet, and Partnerships

Building the Future: HMH's Commitment to People, Planet, and PartnershipsDubai, UAE (February 25, 2026) – In an era where the hospitality industry is being called upon to lead by example, HMH continues to strengthen its commitment to sustainable growth by embedding environmental responsibility, people-first values, and collaborative partnerships at the core of its operations.HMH’s approach to sustainability is neither symbolic nor episodic. It is a rigorously structured commitment that spans corporate governance, operational execution, and long-term strategic planning. Central to this framework is the group’s adherence to internationally recognized standards, including ISO 14001 for ......read full article

Schneider Electric to Advance Energy Technology to Power Intelligence at Innovation Summit Middle East & Africa

Schneider Electric to Advance Energy Technology to Power Intelligence at Innovation Summit Middle East & Africa·Summit to convene Global AI, Technology Leaders, Government Officials for Insightful Thought Leadership Sessions; to Recognize Dedicated Partners and Stakeholders·Event Runs from April 28-29 Under the Theme "Advancing Energy Tech to Power Intelligence" and is expected to welcome 2000+ business leaders and market innovators from across the regionAbu Dhabi, UAE, February 26, 2026 – Schneider Electric, a global energy technology leader, today announced that the second edition of the Innovation Summit Middle East & Africa will be held in Abu Dhabi from April 28–29, 2026. The summit will bring together ......read full article

Sultan bin Ahmed launches Invest Bank's new identity

Sultan bin Ahmed launches Invest Bank's new identitySharjah 25, February 25, 2026: His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of the Board of Directors of Invest Bank, witnessed on Monday evening the launch of the new corporate identity and the announcement of Invest Bank's financial results at the House of Wisdom.In his speech at the ceremony, His Highness highlighted three milestones that showcase the bank’s transformation. The first is the return to profitability, achieved via immaculate operational execution, a clear vision, and calculated strategic choices. The bank achieved profitability after seven years of losses, with a ......read full article

Zoho Corporation Surpasses One Million Customers Globally, MENA Region Becomes its Second Fastest-Growing Market

Zoho Corporation Surpasses One Million Customers Globally, MENA Region Becomes its Second Fastest-Growing MarketOn its 30th anniversary, Zoho Corporation exceeds 150 million users worldwide and records five years CAGR 41% revenue growth in MENADubai, UAE— 25 February, 2026: Zoho Corporation, a leading global technology company, marked its 30th anniversary by announcing two major milestones: the company now supports more than one million paying customers and over 150 million users worldwide. The company — consisting of Zoho, ManageEngine, Qntrl, and TrainerCentral brands— is now a trusted technology provider to more than one million paying customers and over 150 million users globally.In 2025, Zoho Corporation recorded a 32% ......read full article

EGA delivers strong underlying financial performance and record sales in 2025

EGA delivers strong underlying financial performance and record sales in 2025Strong underlying financial performance supported by favourable aluminium prices.Underlying EBITDA up 7 per cent to AED 9.28 billion ($2.53 billion).Record metal sales of 2.83 million tonnes, with 81 per cent as value-added 'premium aluminium', including record low-carbon primary and recycled aluminium sales up 70 per cent to 196 thousand tonnes.Strategic growth advanced with plans for a new US smelter and a significant expansion of global aluminium recycling capacity.Signed a landmark initiative with TAQA, DUBAL Holding and EWEC to decarbonise aluminium production and accelerate the development of renewable and clean energy.Strong ......read full article

e& delivers record revenue and net profit in FY 2025 growing consolidated revenue 23% to AED 72.9 billion

e& delivers record revenue and net profit in FY 2025 growing consolidated revenue 23% to AED 72.9 billionConsolidated net profit reached AED 14.4 billion, growing 34 per cent Year-over-Yeare&’s subscriber base increased to 244.7 million across Asia, Africa, Middle East, Central and Eastern EuropeFull year dividend per share of 90 fils that will increase to 95 fils in 2026Hatem Dowidar the Group CEO will step down at the end of March after 6 years in the roleMasood M. Sharif Mahmood will take over on April 1st as the Group CEO, in addition to his current role as CEO of e& UAE.Abu Dhabi, 24 February 2026: e& has delivered record financial performance in 2025, reporting consolidated revenues of AED 72.9 billion, an increase of ......read full article

Ford Middle East and North Africa Delivers 10% Sales Growth in 2025, Marking its Strongest Year in a Decade

Ford Middle East and North Africa Delivers 10% Sales Growth in 2025, Marking its Strongest Year in a Decade• Double-digit growth in Saudi Arabia and the UAE, driven by customer demand for Territory, Taurus, and Everest.• Investments in parts, operations, and customer experience support continued momentum in 2026Dubai, UAE, February 24, 2026 – Ford Middle East and North Africa closed 2025 with its best sales performance in a decade, delivering 10% year-on-year (YoY) growth and achieving double-digit growth for three consecutive years. The results reflect demand across key markets, supported by Ford's focus on the vehicles customers want and the ownership experience they expect."2025 was a strong year for Ford Middle East ......read full article

Ducab marks regional first successful test of extra high voltage cables with Brugg Cables accessories

Ducab marks regional first successful test of extra high voltage cables with Brugg Cables accessoriesDubai, UAE – 23 February, 2026 – Ducab, a leading UAE-based end-to-end energy solutions provider and manufacturer of high-quality cables and wires, has marked a significant milestone with the successful completion of the Middle East's first Extended Pre-qualification (EPQ) testing in collaboration with Brugg Cables, a leading suppliers of speciallized high-voltage accessories.Ducab's EPQ and system type test for an Extra-High Voltage (EHV) 400kv cable system at 105°C emergency temperature is a regional first, underlining its technical excellence and reinforcing its competitiveness on the international ......read full article

Mubadala Energy Completes the Acquisition from Eni of a 15 Percent Interest in Egypt's Nargis Concession

Mubadala Energy Completes the Acquisition from Eni of a 15 Percent Interest in Egypt's Nargis ConcessionAbu Dhabi, 19 February 2026: Mubadala Energy, the Abu Dhabi headquartered international energy company, announces that it has completed the acquisition from Eni of a 15 percent participating interest in the Nargis Offshore Area ("Nargis") concession, an offshore exploration block in Egypt.In the concession, Eni now holds a 30 percent of the Contractor interest through its subsidiary, IEOC. The concession is operated by Chevron, with a 45 percent Contractor interest, with the remaining 10 percent interest owned by Tharwa Petroleum Company. The concession is in participation with the Egyptian Natural Gas Holding Company (EGAS): ......read full article

RAKEZ and National Bank of Fujairah renew partnership to offer integrated banking solutions for businesses

RAKEZ and National Bank of Fujairah renew partnership to offer integrated banking solutions for businessesDubai, United Arab Emirates, 18 February 2026: Ras Al Khaimah Economic Zone (RAKEZ) and National Bank of Fujairah PJSC (NBF) have recently renewed their strategic partnership through the signing of a Memorandum of Understanding, aimed at further enabling RAKEZ-registered businesses to access a full suite of integrated banking solutions designed to support SMEs and corporates at different stages of growth.Building on a long-standing collaboration, the renewed partnership reinforces NBF's role as one of RAKEZ's preferred banking partners and reflects both entities' shared commitment to simplifying the business journey and enhancing ......read full article

Orient Insurance Achieves AED 836 Million Profit in 2025, Up 14.4% Amid Strong Financial Results

Orient Insurance Achieves AED 836 Million Profit in 2025, Up 14.4% Amid Strong Financial ResultsDubai, United Arab Emirates; 13 February 2026: Orient Insurance, the leading UAE insurance provider and a subsidiary of Al-Futtaim, today has announced its preliminary financial results for the year ending 31 December 2025. The company demonstrated remarkable growth and operational excellence, underscoring its strategic focus and resilience in a dynamic market environment.Key Financial Highlights for FY 2025:• Gross Written Premium: AED 10.78 billion, a 19.3% increase from AED 9.04 billion in 2024• Insurance Revenue: AED 9.23 billion, up 21.4% from AED 7.60 billion in 2024• Net Profit After Tax: AED 836 million, a 14.4% rise ......read full article

Tabreed Reports FY 2025 Revenue of AED 2.46 Billion as Capacity Growth and Strategic Execution Drive Platform Resilience

Tabreed Reports FY 2025 Revenue of AED 2.46 Billion as Capacity Growth and Strategic Execution Drive Platform ResilienceConnected capacity increased 19% YoY to 1.57 million Refrigeration TonsRevenue of AED 2.46 billion and EBITDA at AED 1.27 billion, with a margin of 51.6%Abu Dhabi, United Arab Emirates – 13 February 2026: National Central Cooling Company PJSC (DFM: TABREED / ISIN: AEA002201018), the world's leading and most diversified district cooling company, today announced its results for the period ending 31 December 2025, reporting revenues of AED 2.46 billion and net profit of AED 465 million. The results reflect continued operational resilience, record capacity expansion and disciplined capital execution.Total connected capacity increased ......read full article

Burjeel Holdings Delivers 39.5% Net Profit Growth in 2025

Burjeel Holdings Delivers 39.5% Net Profit Growth in 2025Reported revenue of AED 5,501 million, up 9.8% YoY for 2025.Full-year EBITDA rose 19.9% to AED 1,089 million, with the EBITDA margin improving to 19.8% from 18.1% in 2024.Q4 2025 delivered particularly strong performance, with net profit surging 159.9% YoY. Abu Dhabi, 10 February 2026: Burjeel Holdings, a leading super-specialty healthcare services provider in the MENA, today announced its unaudited preliminary financial results for the year ended December 31, 2025.Burjeel Holdings delivered robust revenue of AED 5,501 million, up 9.8% YoY, while total patient visits exceeded 7 million, growing 8.4% YoY. Growth was driven by deeper community ......read full article

du reports its Q4 and 2025 results, sustaining strong growth and profitability momentum

du reports its Q4 and 2025 results, sustaining strong growth and profitability momentum2025 revenues increased by an exceptional 8.7% to AED 15.9 billion and net profit jumped by 16.8% Historical annual dividend of 64 fils per share, an 18.5% increase y-o-yDubai, UAE. 9 February 2026 – Emirates Integrated Telecommunications Company PJSC (du) announced its financial results for the fourth quarter and full year ended 31 December 2025, delivering a strong performance driven by a disciplined execution of its strategy and continued operational excellence. We achieved a balanced revenue growth alongside rigorous cost management translating into robust top- and bottom-line results. In 2025, revenues increased by 8.7%, ......read full article

Lg Electronics releases fourth-quarter and full-year 2025 financial results

Lg Electronics releases fourth-quarter and full-year 2025 financial resultsAnnual Revenue Reaches a Record USD 61.9 Billion, as HS and VS Extend Decade-Long Growth News Summary: LG Electronics achieved its highest-ever annual revenue for the second consecutive year.HS and VS recorded growth for the tenth consecutive year since 2015, despite U.S. tariff-related pressures and a slowdown in the electric vehicle market.Operating profit declined year-on-year, reflecting increased marketing expenditures for display-based products and one-off costs related to organizational optimization.Strategic growth areas – including B2B segments, non-hardware businesses and D2C models – continued to expand, with combined ......read full article

ADNOC Distribution Announces Record Results for 2025

ADNOC Distribution Announces Record Results for 2025Record full-year EBITDA of $1,166 million, up 11.1% YoYRecord full-year net profit of $761 million, up 15.4% YoY, driven by growth momentum across all business verticalsFuel volumes increased by 4.5% YoY to 15.7 billion liters in 2025Non-fuel retail gross profit increased 14.4% YoY, with non-fuel retail transactions up 9.3% YoYKey milestone reached with network expanded to over 1000 service stations, up 13% YoYThe company has proposed a dividend of $350 million for the second half of 2025, bringing the total 2025 dividend to $700 millionAbu Dhabi, UAE – February 3, 2026: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the ......read full article

TECOM Group achieves record revenues of AED 2.9 billion in 2025 as recurring net profit increases by 20%, the fourth consecutive year of strong growth and outstanding performance

TECOM Group achieves record revenues of AED 2.9 billion in 2025 as recurring net profit increases by 20%, the fourth consecutive year of strong growth and outstanding performanceTECOM Group FY 2025 revenues increase by 19% year-on-year (YoY), driven by strategic portfolio expansion and robust performance across all business segmentsEBITDA reached AED 2.2 billion in 2025, representing YoY growth of 20%, with a robust 78% margin, underpinned by the Group's effective operational performanceRecurring net profit for 2025 increased 20% YoY to AED 1.5 billion, underpinned by effective cost management and optimised financing, underscoring the success of the Group's strategy in ensuring long-term shareholder valueFunds from Operations (FFO) grew 19% to AED 2 billion, led by stronger performance from ......read full article

The DFSA fines reinsurance broker USD 455,176 for engaging in misleading and deceptive conduct

The DFSA fines reinsurance broker  USD 455,176 for engaging in misleading and deceptive conductDubai, United Arab Emirates, 2 February 2026: The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has imposed a fine of USD 455,176 (AED 1,671,633) on reinsurance brokerage Ed Broking (MENA) Limited (the Firm), for a number of contraventions of DFSA legislation, including engaging in misleading and deceptive conduct.The Firm agreed to settle the matter and pay a fine which comprises disgorgement of USD 175,343 (USD 148,039 plus interest of USD 27,304) and a penalty of USD 279,833. The fine was reduced from USD 575,104 (AED 2,112,069) ......read full article

Sukoon takaful sustains strong financial performance with record growth in 2025

Sukoon takaful sustains strong financial performance with record growth in 2025January 29, 2026 Dubai, United Arab Emirates Sukoon Takaful has announced its financial results for the year ended 31 December 2025, delivering a year of exceptional profitable growth and strong financial performance. The company reported record contribution levels and a substantial improvement in profitability, reflecting the success of its postacquisition transformation and its renewed strategic focus on operational excellence. Gross written contributions for the year surged to AED 325.4 million, an 89% year-on-year increase, driven by broad-based growth across all major business segments. Profits before tax rose sharply to AED 41.1 ......read full article

TCL deepens Partnership with Arsenal, Announces Bukayo Saka as Brand Ambassador Kicking off the collaboration with the launch of the ‘Inspire Greatness, Together' campaign

TCL deepens Partnership with Arsenal, Announces Bukayo Saka as Brand Ambassador Kicking off the collaboration with the launch of the ‘Inspire Greatness, Together' campaignUAE, Dubai – January 27, 2026 – TCL, a global leader in consumer electronics and the world’s No. 1 Mini LED and ultra-large TV brand, proudly announces Arsenal’s Bukayo Saka as its Brand Ambassador. It marks a significant milestone in strengthening the brand’s global partnership with Arsenal Football Club, where TCL serves as Official Global Consumer Electronics Partner.TCL has recently teamed up with Arsenal and Bukayo Saka with the launch of ‘Inspire Greatness, Together’, a new campaign that celebrates how football brings people together through moments on and off the pitch. It reflects the belief ......read full article

RAKBANK delivers D 2.6B in profit* (up 26%) and crosses D 100B in total assets

RAKBANK delivers D 2.6B in profit* (up 26%) and crosses D 100B in total assetsRas Al Khaimah, United Arab Emirates, January 27, 2026 - The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for the full year and the fourth quarter of 2025.50 years of sustainable growth – all-time high profitability...FY’25 performance supported by net interest margin of 4.3%, an industry leading CASA ratio of 65%, and a 29% YoY growth in non-interest income driven by wealth management, FX and investment income ...driven by product innovation & balance sheet growthThe Bank’s balance sheet grew by D 16.7B YoY with Gross Loans & Advances growing by 11.7% YoY to D 56B, deposits ......read full article

Emrill reports 9% revenue growth in 2025, exceeding annual targets

Emrill reports 9% revenue growth in 2025, exceeding annual targetsEmrill, one of the UAE’s leading total facilities management providers, has recorded strong performance in 2025, reflected in revenue growth, a high volume of contract wins and a solid rate of contract renewals across its portfolio.During 2025, Emrill secured over 70 new contract wins, further strengthening its market position. The company now manages more than 265 active contracts, reflecting the scale of its operations and its long-term client partnerships, underscoring the consistency of its service delivery to both new and existing clients.This performance has resulted in a 9 per cent increase in revenue in 2025, with the company ......read full article

Construction milestone at EGA's UAE aluminium recycling plant as melting furnace charged for first time

Construction milestone at EGA's UAE aluminium recycling plant as melting furnace charged for first timeAbu Dhabi, United Arab Emirates, 26 January 2026: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced that the giant melting furnace at the company's under-construction aluminium recycling plant at Al Taweelah has been charged with scrap metal for the first time, in a major construction milestone.Completion of construction is expected by the end of the first quarter of 2026.EGA's Al Taweelah recycling plant will have a production capacity of 185 thousand tonnes per year, making it the UAE's largest. The new plant will process post-consumer aluminium scrap, and ......read full article

RAKBANK Receives In-Principle Approval to Launch an AED-Backed Stablecoin

RAKBANK Receives In-Principle Approval to Launch an AED-Backed StablecoinRas Al Khaimah, United Arab Emirates, January 7th, 2026 – RAKBANK announced today that it has received in-principle approval from the Central Bank of the UAE (CBUAE) to issue an AED-backed payment token i.e., stablecoin, subject to the completion of regulatory and operational requirements.This marks an important step in RAKBANK’s digital assets journey and reflects the Bank’s commitment to developing regulated, secure and transparent financial solutions aligned with the UAE’s evolving digital economy framework.This development builds on RAKBANK’s growing capabilities in digital asset services. In 2025, the Bank ......read full article

LG releases third-quarter 2025 financial results

LG releases third-quarter 2025 financial resultsStrong Performance in Home Appliance and Vehicle Solutions Drives Second-Highest Third-Quarter Revenue in Company History Dubai, November 3, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of KRW 21.87 trillion and operating profit of KRW 688.9 billion for the third quarter of 2025. The Home Appliance Solution (HS) Company and Vehicle Solution (VS) Company delivered strong performances despite external challenges such as U.S. tariffs and a slowdown in the electric vehicle (EV) market. These results reflect LG’s ongoing transformation of its business portfolio and commitment to qualitative growth, ......read full article

National Bank of Fujairah PJSC Management Discussion and Analysis Report

National Bank of Fujairah PJSC Management Discussion and Analysis ReportFor the nine-month period ended 30 September 2025NBF posted its best nine months net profit of AED 945.4 million, surging 45.3%year-on-year underpinned by robust balance sheet growth of 11.7%29 October 2025: NBF is pleased to announce its results today for the nine-month period ended 30 September 2025.Overview of Results and Operational Performance for the nine-month period ended 30 September 2025NBF recorded year-on-year growth of 45.4% to close the nine-month period at a net profit before tax of AED 1.04 billion compared to AED 715.0 million in the corresponding period of 2024. Further, NBF posted its best ever net profit after tax for a ......read full article

Emirates Stallions Group Reports Delivers Standout 9M 2025 Results, Driving Revenue 19% to AED 1.07 Billion and Operating Profit 38% to AED 208.8 Million

Emirates Stallions Group Reports Delivers Standout 9M 2025 Results, Driving Revenue 19% to AED 1.07 Billion and Operating Profit 38% to AED 208.8 MillionRobust double-digit growth in revenue and profitability, reflecting business resilience and diversification.Operating profit before tax surged 38% to AED 208.8 million, highlighting operational strength and disciplined execution.Growth was primarily driven by strong performance in manpower & accommodation solutions and real-estate development & services.Continued investment focus on high-growth sectors reinforces ESG’s long-term value strategy.Abu Dhabi, UAE, 28 October 2025: Emirates Stallions Group (ADX: ESG), the leading conglomerate with operations spanning from Workforce Solutions, Real Estate Development, Design & ......read full article

Commercial Bank of Dubai Achieves Record Profit in Q3, Marking 21 Quarters of Consecutive Growth

Net profit for the first nine months up 15.6% year-on-yearNet loans cross AED 100 billion for the first timeReturn on equity rises to 22.3%, reflecting strong profitability and capital efficiencyDubai, United Arab Emirates, 22 October 2025: Commercial Bank of Dubai (CBD), one of the UAE's leading financial institutions, today announced its financial results for the nine months ended 30 September 2025, delivering record performance underpinned by strong income growth, cost discipline and continued improvement in asset quality. CBD reported its highest-ever profit in Q3 2025, marking 21 consecutive quarters of net-profit growth, a ......read full article

Wio Bank surpasses AED 50 billion in deposits as digital banking adoption accelerates

Wio Bank surpasses AED 50 billion in deposits as digital banking adoption acceleratesDeposits nearly doubled year-on-year, reflecting growing demand for digital-first bankingSurge in personal and business customers highlights the pace of change in customer preferencesAbu Dhabi, UAE – 06 October 2025 – Wio Bank PJSC has surpassed AED 50 billion in total customer deposits in less than three years since its launch, highlighting the rapid evolution of the region's banking sector as digital adoption accelerates. The milestone comes as more individuals and businesses across the UAE adopt digital-first financial services, with Wio emerging as one of the key players shaping this transformation.As the UAE accelerates ......read full article

DIB Reports Robust H1'25 Financial Results, with Operating Revenue of AED 6.4 Billion Driving a 16% Increase in Pre-Tax Profit to AED 4.3 Billion

DIB Reports Robust H1'25 Financial Results, with Operating Revenue of AED 6.4 Billion Driving a 16% Increase in Pre-Tax Profit to AED 4.3 BillionDIB Reports Robust H1’25 Financial Results, with Operating Revenue of AED 6.4 Billion Driving a 16% Increase in Pre-Tax Profit to AED 4.3 BillionDouble-digit growth in financing and customer depositsSignificantly improved asset qualityBalance sheet expands beyond the USD 100 Billion markKey H1’25 Performance Metrics:AED 6.4 Bn+5% YoYProfit (pre-tax)AED 4.3 Bn +16% YoYRoTE (pre-tax)+100 bps YoYTotal AssetsAED 373 Bn+8% YTD Net Financing AssetsAED 237 Bn+12% YTD AED 284 Bn+14% YTDNPF RatioImproved by 64bps YTD Cash CoverageImproved by 600bps YTDCost of RiskImproved by 28bps YoY*YoY refers to the variance of H1’25 and ......read full article

Response Plus Holding to distribute AED 18 million interim cash dividends to shareholders

Response Plus Holding to distribute AED 18 million interim cash dividends to shareholdersAbu Dhabi, August 4, 2025 – The Board of Directors of Response Plus Holding PJSC (ADX: RPM), the largest pre-hospital care and emergency medical services provider in the region, has announced the distribution of AED 18 million in interim cash dividends to shareholders for the financial period ending on June 30, 2025.The announcement was ratified during the Board Meeting held on July 30. The decision will enable RPM shareholders to receive AED 0.09 per share, with the total amount of dividends constituting 9 per cent of the company’s paid-up share capital.The Last Entitlement Date (LED) for the shareholders has been set for August ......read full article

Lg releases second-quarter 2025 financial results

Lg releases second-quarter 2025 financial resultsBuilding a Stronger Foundation for Long-Term Qualitative Growth Through Portfolio Shifts and Operational Resilience Dubai, July 28, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 14.77 billion and operating profit of USD 455.1 million for the second quarter of 2025. Both revenue and operating profit declined year-over-year, primarily due to continued global market softness, increased tariff burdens driven by changes in U.S. trade policy, and intensified competition. Rising costs, including logistics expenses, also weighed on overall profitability compared to the same period last year. Despite these ......read full article

CBD Marks Twenty Consecutive Quarters of Profit Growth with Record H1 2025 Earnings

CBD Marks Twenty Consecutive Quarters of Profit Growth with Record H1 2025 EarningsH1-2025 Net Profit Reaches AED 1.862bn Before Tax Dubai, United Arab Emirates, 23 July 2025: Commercial Bank of Dubai (CBD) has announced its financial results for the second quarter and first half of 2025, achieving a remarkable milestone of 20 consecutive quarters of profit growth – a feat unmatched by any other bank in the UAE over the same period. The Bank reported a net profit before tax of AED 1.862 billion, representing a 16.7% increase compared to the same half last year. CBD's strong growth was further underscored by its total assets surpassing AED 150 billion for the first time in its history, reflecting sustained ......read full article

NMDC Energy delivers strong H1 growth, showcasing resilience and operational excellence

NMDC Energy delivers strong H1 growth, showcasing resilience and operational excellenceH1 revenue accelerated 41% year on year, and net profit climbed 16%Backlog stood at AED 49.9 billion, with AED 13.9 billion in awarded projects400,000 sqm fabrication yard in Saudi Arabia now fully operationalExtended its long-term agreement ("LTA") with Aramco, continuing a strategic partnership focused on offshore projects in Saudi ArabiaAbu Dhabi, UAE; 23 July 2025: NMDC Energy PJSC (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), today announced strong financial results for the first half of 2025, with sustained growth demonstrating the company's strength and disciplined execution amid challenging ......read full article

Zoho Strengthens Support for UAE's Tech Sector By Partnering with DART

Zoho Strengthens Support for UAE's Tech Sector By Partnering with DARTDubai, UAE – 03 June, 2025: Zoho, a leading global technology company, has announced a new partnership with Dart, a leading business ecosystem in Dubai, aimed at empowering founders from around the world to relocate, setup and scale their companies in the UAE.The agreement was formalised during a signing ceremony between Premanand Velumani, Associate Director, Strategic Alliances Middle East and Africa (MEA) at Zoho, and Jack Mouzer, COO of Dart, at Dart’s Dubai headquarters. As part of this collaboration, Zoho will offer $500 in wallet credits to eligible Dart members, providing them access to its suite of 55+ cloud-based ......read full article

Gargash Group Accelerates Sustainability Agenda with New Sustainability Linked Facility from Mashreq

Gargash Group Accelerates Sustainability Agenda with New Sustainability Linked Facility from Mashreq2 July 2025, Dubai: Gargash Group, one of the UAE's leading business enterprises, is pleased to announce a significant step forward in its sustainability efforts with the signing of a Sustainability-Linked Facility (SLF) agreement with Mashreq, a leading financial institution in the MENA region. The agreement represents one of the largest SLFs in the UAE automotive sector to date and supports the group's efforts to align with UAE Green Agenda 2030 and Net Zero Strategy 2050.The facility ties financing terms to measurable Environmental, Social, and Governance (ESG) Key Performance Indicators (KPIs), including targets for reducing ......read full article

Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and Innovation

Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and InnovationJune 30th, 2025: Sheng Ding, President of SAVOYE, is pleased to announce the appointment of Julien Calloud as Chief Executive Officer, effective June 2025.This strategic appointment marks a new chapter for SAVOYE, a French company specializing in intralogistics solutions and supply chain software. With a strong technological foundation, recognized expertise, and a robust network of distributor-integrators, SAVOYE supports clients both in France and internationally.In his new role, Julien Calloud will oversee the strategic and operational management of the company. His mission is to coordinate all departments and further strengthen ......read full article

Emirates reit reports a strong Q1 2025 with 24% increase in property income

Emirates reit reports a strong Q1 2025 with 24% increase in property incomeKey Highlights for Q1 2025Total property income increased by 24% year-on-year on a like-for-like basis, reaching USD19 million despite the divestment of two properties in 2024.Property operating expenses have decreased by 8.4% to USD3 million, driven by further cost optimization initiatives.Occupancy increased by 6% to 95%.Net property income remained stable at USD16 million, despite the absence of income of the properties divested in 2024, which has been compensated by higher rents and occupancy.Sharp Reduction in Finance Costs with Net finance costs decreasing by 57% to USD6 million, thanks to the success of the Sukuk ......read full article

Hibrid and Alibaba Cloud Sign MoU to Deliver Advanced Streaming and Comprehensive Infrastructure Solutions Across Middle East and GCC

Dubai, UAE – June 25, 2025 – Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region.This collaboration combines Hibrid's cutting-edge streaming platform with Alibaba's robust infrastructure capabilities to enhance content delivery, optimize network performance, and provide scalable solutions tailored to the unique needs of the Middle ......read full article

HSA Group Appoints Mr. Dirhem Abdo Saeed as Chairman of the Board

HSA Group Appoints Mr. Dirhem Abdo Saeed as Chairman of the BoardDubai, UAE – 18 June 2025, HSA Group is proud to announce the appointment of Mr. Dirhem Abdo Saeed as Chairman of the Board, marking a significant milestone in the Group’s 88-year legacy as one of the Middle East’s leading multinational family businesses.With over 40 years of international business experience, Mr. Dirhem is a seasoned and accomplished business leader who has played a key role in the Group’s strategic growth across the Middle East, Africa, Asia, and Europe. He previously served as Vice Chairman of the Board, contributing significantly to the Group’s global expansion and resilience.At the heart of ......read full article

Gold and Silver Forecast: geopolitical tensions drive demand

Gold and Silver Forecast: geopolitical tensions drive demandBy Daniela Sabin Hathorn, senior market analyst at Capital.comGold prices have staged a notable resurgence over the past week, as geopolitical tensions once again dominate investor sentiment, highlighting gold's enduring appeal as a traditional safe haven in times of global instability. However, the initial uptick, observed last week, found resistance near the $3,440–$3,450 zone on Monday—historically a ceiling for gold’s recent rallies.Gold (XAU/USD) daily chartPast performance is not a reliable indicator of future results.The move reflects renewed caution among investors following heightened concerns in the Middle ......read full article

Silver (XAGUSD) dips as trade optimism wobbles on China comments

Silver (XAGUSD) dips as trade optimism wobbles on China commentsBy Daniela Sabin Hathorn, senior market analyst at Capital.comThe price of silver (XAG/USD) entered a consolidation phase on Wednesday morning, trading within a narrow range around $36.50 following a period of heightened volatility. However, sentiment quickly shifted after comments from the Chinese Vice Premier regarding ongoing trade negotiations with the United States in London. While the remarks were not overtly negative, they underscored the challenges ahead, reminding markets that a smooth path to a trade deal is far from guaranteed. The statement that China is “not willing to fight but not afraid to fight” sparked renewed ......read full article

Trinasolar Reaffirms Tier 1 Status in BNEF Q2 2025 List, Underscoring Exceptional Bankability and Global Trust

Trinasolar Reaffirms Tier 1 Status in BNEF Q2 2025 List, Underscoring Exceptional Bankability and Global TrustDubai, UAE – June 11: Trinasolar has once again secured its position in the BloombergNEF (BNEF) Tier 1 list for Q2 2025, reaffirming its exceptional bankability, industry-leading technologies, and robust shipment of its 210mm modules. This recognition further cements Trinasolar’s reputation as a global leader in smart solar and energy storage solutions, trusted across global markets.The BNEF Tier 1 List is widely recognized as one of the most authoritative and influential rankings in the solar industry. It serves as a key reference for industry trend analysis and investment decisions.Starting in Q2 2025, BNEF has raised the ......read full article

Islamic Development Bank Institute Engages Global Stakeholders to Advance Islamic Finance during Group Annual Meetings in Algiers

The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic financeJEDDAH, Saudi Arabia, June 2, 2025/ -- The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries.Led by Dr. Sami Al-Suwailem, Acting Director ......read full article

TCL and Arsenal Announce Global Partnership Expansion in Multi-Year Deal

TCL and Arsenal Announce Global Partnership Expansion in Multi-Year DealDubai, UAE –June 02, 2025: TCL, a leading global consumer electronics brand and the No.2 TV brand worldwide, proudly announces the elevation of its partnership with Arsenal Football Club to a global level, becoming Arsenal’s Official Global Consumer Electronics Partner.This milestone marks a new era in the relationship between two iconic brands driven by shared values of innovation, excellence, and progress. Building on a successful regional partnership in the UK, Middle East, and Africa since 2023, TCL and Arsenal are now taking their collaboration global, connecting with fans and consumers in more markets through shared values ......read full article

Gold (XAU/USD) edges higher amid US credit concerns, but faces resistance

Gold (XAU/USD) edges higher amid US credit concerns, but faces resistanceBy Daniela Sabin Hathorn, senior market analyst at Capital.comGold (XAU/USD) is attempting to regain bullish momentum at the start of the week, though upside progress remains capped by key technical resistance. The precious metal found support near the 50-day simple moving average (SMA) at $3,168 last week, triggering a modest rebound as short-term sellers opted to lock in profits following recent weakness. Attention now turns to $3,250, a level that has capped advances in the past four sessions.Gold (XAU/USD) daily chartTechnical LandscapeDespite Monday's modest gains, gold continues to struggle with upward follow-through. The daily ......read full article

Panasonic Forges Retail Partnership with SACO to Enhance Customer Experience in Saudi Arabia

Panasonic Forges Retail Partnership with SACO to Enhance Customer Experience in Saudi ArabiaPanasonic bats for enhanced service and supply efficiency by collaborating with Saudi Company for Hardware (SACO)Riyadh, Saudi ArabiaPanasonic Marketing Middle East and Africa (PMMAF) has revealed a groundbreaking strategic partnership with Saudi Company for Hardware (SACO), KSA's premier electronics and lifestyle retail distributor. This collaboration marks a significant evolution in the Kingdom's retail and electronics sectors, as it pioneers a direct supply model in the Saudi market, aligning a major international manufacturer directly with a leading national retailer. The partnership is also strategically designed to redefine how ......read full article

UAE-based Hotpack Global to invest $100m in its first US manufacturing facility in New Jersey

UAE-based Hotpack Global to invest $100m in its first US manufacturing facility in New JerseyDubai, UAE – May 2, 2025 – New Jersey Governor Phil Murphy and Hotpack, the UAE-based leader in sustainable food packaging solutions, today announced a major step forward in Hotpack’s international expansion strategy with a $100 million investment to establish a new manufacturing and distribution facility in Edison, New Jersey, USA. This project marks Hotpack’s first production base in North America, reflecting its commitment to delivering tailored packaging solutions and strengthening supply chains to meet the evolving needs of its growing customer base in the United States, in alignment with the company’s 2030 ......read full article

United Foods Company reports strong FY2024 performance

United Foods Company reports strong FY2024 performanceBoard of Directors proposes 100% cash dividend of paid-up capital, reflecting robust financial performance and dedication to consistent returns to shareholdersFinancial Highlights (Year ended 31 December 2024):Sales volumes increased 5.9%, highlighting strong market demand across core categoriesGross revenue reached record of AED 601.7 million, up from AED 589.4 million in 2023Gross profit expanded 8% to AED 99.6 million, underscoring operational efficiencyProfit before tax and remuneration is increased by 22% to AED. 37.5 millionNet profit after tax and remuneration was AED 30.8 millionEarnings per share increased 11% to AED 1.02 (2023: AED ......read full article

LG Announces first-quarter 2025 financial results

LG Announces first-quarter 2025 financial resultsCompany Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B SectorsDubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed USD 689 million during the first quarter. Strong performance was driven by qualitative growth across key business areas, especially in B2B, non-hardware segments (such as subscriptions and webOS platform) and ......read full article

Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year Sukuk

Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year SukukDubai, UAE, April 24 - Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic Bank incorporated and headquartered in the Emirate of Ajman, successfully priced a USD 500 million 5-year Sukuk at a credit spread of 130 basis points over the United States treasury rate, which equates to a fixed profit rate of 5.125% per annum. The transaction garnered a high-quality orderbook peaking over USD 2.7bn, representing a 5.4x oversubscription rate, with participation from 100+ investors. The transaction represents the Bank’s first Sukuk issuance ever, marking a milestone in the bank’s capital markets ......read full article

Gold (XAU/USD) charges to $3,500 as Fed independence comes under threat

Gold (XAU/USD) charges to $3,500 as Fed independence comes under threatBy Daniela Sabin Hathorn, senior market analyst at Capital.comGold continues its impressive rally as market confidence in the soundness of the US administration wavers. The latest headline shaking investor sentiment emerged over the Easter weekend, with reports suggesting that President Trump is exploring ways to remove Federal Reserve Chairman Jerome Powell. Although the Fed’s independence has long been a pillar of financial stability, these developments are casting doubt over its future — and markets are responding.Trump has made no secret of his dissatisfaction with Powell’s monetary policy stance. On Wednesday, Powell ......read full article

TAQA Acquires Leading UK Electricity Transmission Development and Services Company

Strategic acquisition of Transmission Investment will support TAQA Transmission’s international growth plans and expands its capabilities in offshore transmission services and transmission infrastructure developmentTransmission Investment is one of the largest players in the United Kingdom’s offshore electricity transmission market and a prominent player in the country’s interconnector sectorAbu Dhabi, UAE – 17 April 2025: Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, announced ......read full article

Gold (XAU/USD) drops sharply amid market panic, but fundamentals remain strong

Gold (XAU/USD) drops sharply amid market panic, but fundamentals remain strongBy Daniela Sabin Hathorn, senior market analyst at Capital.comGlobal markets opened the week under pressure, with major equity indices tumbling once again as volatility swept through the Asian session. The latest wave of selling follows China's announcement of retaliatory tariffs on the U.S., intensifying the fallout from last week's 'Liberation Day' tariff shock.Investors had hoped that the worst of the uncertainty would fade following the initial U.S. tariff announcements. Instead, the reality has proven more severe. With tariffs exceeding expectations and no sign of negotiations, markets are now increasingly pricing in the ......read full article

MultiBank Group Records Exceptional Financial Results with Revenue of $361.8 Million and EBITDA of $284.9 Million in 2024

MultiBank Group Records Exceptional Financial Results with Revenue of $361.8 Million and EBITDA of $284.9 Million in 2024Revenue surpasses $361 million in 2024, marking an 18% year-on-year increaseEBITDA surged by 24.5% to reach $284,909,572 in 2024.Net income exceeds $264 million, reflecting 16% growthDubai, UAE – April 6th 2025: MultiBank Group, the world's largest financial derivatives institution headquartered in Dubai, has achieved a record-breaking financial performance in 2024, reinforcing its status as a global industry leader.According to the latest audited financial statements, MultiBank Group’s revenue surged to $361,874,865, an 18% increase from $306,636,714 in 2023. Meanwhile, EBITDA skyrocketed by 24.5% to reach $284,909,572 ......read full article

Sukoon takaful returns to profitability with strong 2024 results

Sukoon takaful returns to profitability with strong 2024 resultsSukoon Takaful PJSC ("Sukoon Takaful") today announced its financial results for the year ended December 31, 2024, reporting a significant turnaround and a return to profitability. Following a comprehensive restructuring and integration with its parent company, Sukoon Insurance, the company has demonstrated strong financial performance and operational improvements.Sukoon Takaful reported AED 172.4 million in Gross Written Contribution (GWC) for 2024 and achieved a net profit before tax of AED 21 million, marking a successful turnaround. The company also boasts a robust solvency capital ratio of 174% (minimum regulatory ......read full article

Hotpack Global Commissions 2.2 MW Rooftop Solar Project at National Industries Park Facility

Hotpack Global Commissions 2.2 MW Rooftop Solar Project at National Industries Park FacilityThe new installation has been dubbed one of the largest rooftop solar projects in National Industries Park, DubaiDubai, UAE – March 19, 2025: Hotpack Global, the UAE-based leader in sustainable packaging solutions, has successfully completed the installation of a 2.2 MW rooftop solar power system at its cutting-edge manufacturing facility in National Industries Park (NIP), Dubai. This milestone marks one of the largest solar energy installations in the NIP area, reinforcing Hotpack’s commitment to environmental sustainability and renewable energy adoption.The solar installation is projected to generate approximately 3.52 million ......read full article

National Bank of Fujairah PJSC (NBF) posted its second consecutive year of record results; reporting its best ever operating and net profit performance to deliver a dividend of 15%

National Bank of Fujairah PJSC (NBF) posted its second consecutive year of record results; reporting its best ever operating and net profit performance to deliver a dividend of 15%19 March 2025: NBF held its Annual General Assembly Meeting (AGAM) at the Novotel Hotel, Fujairah, United Arab Emirates, where shareholders approved the distribution of profits equivalent to 15% of share capital in the form of cash dividends (AED 387.1 million) of paid-up capital.The bank's shareholders also approved the Chairman's and Directors' Reports, and the Internal Shari'ah Supervision Committee Report for NBF Islamic, the Islamic banking window of NBF. The bank's consolidated financial statements for the year ended 31 December 2024 were also discussed and approved.The shareholders confirmed the appointment and ......read full article

Commercial Bank of Dubai First Bank in the Middle East to Integrate Liink, Kinexys by J.P. Morgan for Global Account Validation

Commercial Bank of Dubai First Bank in the Middle East to Integrate Liink, Kinexys by J.P. Morgan for Global Account ValidationCommercial Bank of Dubai (CBD) has today announced it is the first bank in the Middle East to integrate the Kinexys Liink application Confirm from Kinexys by J.P. Morgan into its corporate banking portal and mobile app, reinforcing its position as a digital-first bank committed to driving real, impactful change in financial services.With a commitment to service transformation and a digital-first approach, CBD continues to lead in delivering solutions that matter. This integration provides CBD’s corporate clients with streamlined cross-border payment flows as a result of faster, more secure, and more efficient account validation.Kinexys ......read full article

US relief rally struggles to gain traction despite softer CPI

US relief rally struggles to gain traction despite softer CPIBy Daniela Sabin Hathorn, senior market analyst at Capital.comConsumer inflation has softened in February. That is the key takeaway from the latest data released on Wednesday. Both headline and core CPI came in lower than expected at 2.8% and 3.1% respectively. Additionally, both monthly readings also dropped from the previous month and came in below expectations at 0.2%.As anticipated, the initial market reaction was a relief rally in US equities, accompanied by a weaker US dollar and lower yields. However, this momentum has struggled to sustain itself. The dollar and yields have rebounded from their initial knee-jerk declines, turning ......read full article

Hitachi Energy invests additional $250 million USD to address global transformer shortage

Hitachi Energy invests additional $250 million USD to address global transformer shortageMore than 40 percent of the total investment dedicated to the U.S. underpins commitment to scale up the industry to meet surging transformer demandThe U.S. investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chainBuilds on the $6 billion USD investment announced in 2024 – the largest in the industry in recent years to respond to the urgent need to upgrade power gridsDubai, UAE, March 12, 2025 – Hitachi Energy announced today at CERAWeek additional major investments of more than $250 million USD by 2027 to expand global production of critical components for ......read full article

EGA delivers strong financial results and low-carbon growth in 2024

EGA delivers strong financial results and low-carbon growth in 2024Strong results and record alumina and hot metal production.Building global aluminium recycling business, and laying foundations for low carbon primary growth.Growing sales of CelestiAL solar aluminium.Record Emiratisation rate, and metal sales to UAE customers.Second consecutive year of AED 3.7 billion ($1 billion) dividend to shareholders.AED 1.8 billion ($488 million) impairment of Guinea Alumina Corporation.Abu Dhabi, United Arab Emirates, 12 March 2025: Emirates Global Aluminium, the largest 'premium aluminium' producer in the world, today announced strong financial results for 2024 and low carbon growth.EGA delivered adjusted ......read full article

Nasdaq 100 and S&P 500 unable to contain the selling

Nasdaq 100 and S&P 500 unable to contain the sellingBy Daniela Sabin Hathorn, senior market analyst at Capital.comUS equity futures started the week on a weaker note, continuing the recent trend of softness. The Nasdaq 100 extended heavy losses from Asian and European trading sessions, shedding nearly 500 points (2.5%) at the US open. Investor sentiment remains fragile as uncertainty surrounding Trump’s tariff policies fuels concerns about a potential global trade war and its implications for economic growth. Recession fears have exacerbated the selling pressure on US equities, contributing to the market’s current downturn.The Nasdaq 100 has now slipped below all four of its key ......read full article

Global dividends jumped to a record $1.75 trillion in 2024

Global dividends jumped to a record $1.75 trillion in 2024Global dividends grew to a record $1.75 trillion in 2024, up 6.6% on an underlying basisHeadline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar17 countries out of the 49 in our index saw record dividends, including some of the largest payers such as the US, Canada, France, Japan and ChinaLarge companies making their first dividend payments made a disproportionate impact – Meta, Alphabet and Alibaba accounted for one fifth of global dividend growth in 2024Globally 88% of companies raised dividends or held them steady in 2024Q4 payouts rose 7.3% on an underlying basisForecast 2025: Headline growth of ......read full article

Philip Morris Middle East Announces the Launch of New IQOS ILUMA i in UAE to Accelerate the Achievement of a Smoke-Free Future

Philip Morris Middle East Announces the Launch of New IQOS ILUMA i in UAE to Accelerate the Achievement of a Smoke-Free FutureThe launch follows the 10-Year Anniversary of IQOSDubai, United Arab Emirates — March 3, 2025 — Philip Morris Middle East, an affiliate of Philip Morris International (PMI) (NYSE: PM) today announced the launch in the United Arab Emirates of IQOS ILUMA i, the latest and most innovative addition to PMI’s growing portfolio of smoke-free products for adults who would otherwise continue to smoke or use nicotine products. Today, whilst not risk-free, this range of better alternatives to cigarettes includes multiple generations of IQOS, the No. 1 tobacco heating system. The launch also follows the recent 10-Year anniversary of ......read full article

e& delivers record revenue and net profit in FY 2024 growing consolidated revenue 10.1% to AED 59.2 billion

e& delivers record revenue and net profit in FY 2024 growing consolidated revenue 10.1% to AED 59.2 billionNet profit reached AED 10.8 billion, growing 4.3 per cent year-over-yearFull year dividend per share of 83 filse&’s footprint expanded to 38 countries with a subscriber base of 189.3 million across the Middle East, Asia, Africa, and Central and Eastern Europee& emerged as the ‘World’s Fastest Growing Brand’ with brand portfolio and investments value exceeding US$ 20 billionAbu Dhabi, 25th February 2025: e& has delivered record financial performance in 2024, reporting a consolidated net profit of AED 10.8 billion, an increase of 4.3 per cent year-over-year (YoY). This milestone reflects three years of ......read full article

The Kalyani Group Unveils, first of its kind, the Revolutionary MArG 155mm/45 Cal Mounted Gun System on 4 X4 HMV offering unmatched mobility, fire power and range, at IDEX 2025 at

The Kalyani Group Unveils, first of its kind, the Revolutionary MArG 155mm/45 Cal Mounted Gun System on 4 X4 HMV offering unmatched mobility, fire power and range, at IDEX 2025 atAbu Dhabi, UAE, February 18, 2025 - Kalyani Strategic Systems Limited, a wholly-owned defence subsidiary of Bharat Forge, proudly unveiled the MArG 45, mobile gun system mounted on a 4x4 all-terrain platform, at IDEX Abu Dhabi 2025. The prestigious launch was officiated by H.E. Shri Sunjay Sudhir, Ambassador of India to the UAE, reinforcing India’s commitment to advancing global defense technology.MArG 45 exemplifies Kalyani Group’s ingenuity in challenging conventions, integrating firepower, range, and mobility into a single, ground-breaking platform. Designed for rapid deployment and superior manoeuvrability, it is a ......read full article

India-based Federal Bank strengthens NRI banking proposition during new CEO's maiden Middle East visit

India-based Federal Bank strengthens NRI banking proposition during new CEO's maiden Middle East visitDubai, 14th February 2025 - Federal Bank, one of India's leading private sector banks, held a press conference in Dubai, marking Managing Director & CEO Mr. KVS Manian's maiden international media interaction since assuming office in September. During the event, Mr. Manian highlighted the deep-rooted connect that the Bank has with the NRI population in the Middle East, and the services rendered by its representative offices in UAE for the past 17 years.During his visit to UAE, the Bank unveiled a new NR Savings account variant – Prospera. The Prospera NRE Savings Account offers an impressive suite of benefits designed for ......read full article

National Bank of Fujairah announces winners of its fourth NBF Art Prize

National Bank of Fujairah announces winners of its fourth NBF Art PrizeOver 1,000 artists from across the UAE submitted artworks, focussed on the theme “Many Paths, One Destination”12 February 2025: National Bank of Fujairah (NBF) is pleased to announce the winners of its fourth Art Prize, which attracted submissions from more than a thousand emerging and established artists from across the UAE. The winners were recognised during a ceremony held at the Fujairah Cultural Centre.The top six winners, who each received a cash prize and mentoring session from the esteemed judges, were:First place: Reem Al-SuwaidiSecond place: Andrew ThompsonThird place: Dorian RogersFourth place: Parul ParasramkaFifth ......read full article

Dubai Islamic Bank Full Year 2024 Group Financial Results

Dubai Islamic Bank Full Year 2024 Group Financial ResultsDubai Islamic Bank Full Year 2024 Group Financial Results Robust growth in total income rising by 16% YoY to AED 23 billion.Pre-tax profit of AED 9.0 billion, solid growth of nearly 27% YoY.Strong balance sheet expansion of nearly 10% YoY to AED 345 billion.Sustained asset quality improvements with NPF ratio now at 4.0%, 140 bps lower YoY and beating guidance.Enhanced stake in the digital bank in Türkiye to 25%.Proposed dividend of 45%, subject to shareholder approval in AGM. Dubai, February 11, 2025Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the financial year ending December 31, ......read full article

Zoho Corporation launches Zia Agents, Agent Studio, and Agent Marketplace across MENA, revolutionising AI agents in enterprise solutions

Zoho Corporation launches Zia Agents, Agent Studio, and Agent Marketplace across MENA, revolutionising AI agents in enterprise solutionsDubai – February 10, 2025: Zoho Corporation, a leading global technology company, today announced its cutting-edge AI offerings – Zia Agents, Agent Studio, and Agent Marketplace, which will soon be rolled out across all MENA markets, including the UAE, Saudi Arabia, Egypt, Oman, Bahrain, Kuwait and Qatar. These new solutions represent a significant advancement in Zoho’s AI virtual assistant, Zia, utilising Agentic AI. This specialised subset of AI enables digital agents to make decisions, pursue complex tasks, and take autonomous actions with minimal human intervention.Zoho is introducing Agent Studio, an innovative ......read full article

ITB Broker: Your Gateway to Transparent and Efficient Trading

ITB Broker: Your Gateway to Transparent and Efficient TradingThe forex market is as rewarding as it is challenging, and choosing the right broker is pivotal to your success. For many traders, one of the toughest decisions is choosing a reliable broker to trust with their capital.A dependable broker doesn’t just safeguard your funds; it can also improve your overall trading performance. The truth is, trading isn’t only about having technical skills or market knowledge.Even experienced traders can face serious losses if they work with the wrong broker. That’s why we’re here to explore what makes a broker trustworthy and introduce one of the top options in the industry: ITB ......read full article

BluSmart Wins 'Best Ride-Hailing Service of the Year' at Truck & Fleet Awards 2025

BluSmart Wins 'Best Ride-Hailing Service of the Year' at Truck & Fleet Awards 2025Dubai, UAE, 5 February 2025– BluSmart, the region’s first 100% electric full-stack premium limousine service, has been honoured with the prestigious 'Best Ride-Hailing Service of the Year' award at the Middle East Truck & Fleet Awards 2025. This accolade reaffirms BluSmart’s commitment to delivering a sustainable, reliable, safe and premium travel experience in the UAE, ensuring exceptional customer service.The Truck & Fleet Awards recognizes companies that have demonstrated excellence in fleet management, transport, and mobility solutions. The award highlights BluSmart’s impact in revolutionizing the ......read full article

BKN301 announces Qatar office as the regional headquarters for all MENA operations

BKN301 announces Qatar office as the regional headquarters for all MENA operationsQatar’s digital payments market is rapidly expanding, with the number of users projected to reach 2.87 million by 2028.February 03, 2025: BKN301 Group, a London-based Banking-as-a-Service technology provider dedicated to empowering the financial industry and operating in European and MENA markets, has designated its Qatar office as the company’s regional headquarters for the MENA region, in line with its ongoing development strategy. This move highlights BKN301’s commitment to driving digital transformation across the region and advancing the fintech sector through its innovative solutions.By leveraging its global expertise ......read full article