Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) achieved record profitability with net profit attributable to shareholders increasing by 39.8% to …
Al Salam Bank achieves a historic 40% surge in net profits
Manama, Bahrain – Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) achieved record profitability with net profit attributable to shareholders …
Ercil to Shut $3 Billion Hedge Fund in Family Office Pivot
Alp Ercil is closing his $3 billion flagship hedge fund after a money-making 14-year run, and will convert his firm into a family office, according to a person familiar with the matter.
Dubai’s GDP expands by 3.1% in the first nine months of 2024 to reach AED339.4 billion
Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving Dubai’s GDP growthHelal Almarri: Dubai’s exceptional economic performance in the first nine months of …
Emirates Development Bank Champions Innovation at Sharjah Entrepreneurship Festival 2025
Sharjah, UAE – Emirates Development Bank (EDB) reaffirmed its commitment to fostering entrepreneurship and innovation by actively participating in the 8th edition of the Sharjah Entrepreneurship …
Alp Ercil to Shut His $3 Billion Hedge Fund, Open Family Office
Alp Ercil is closing his $3 billion flagship hedge fund after a money-making 14-year run, and will convert his firm into a family office, according to a person familiar with the matter.Ercil is …
Dubai’s GDP grows by 3.1% in first nine months of 2024 to reach Dh339 billion
The surge highlights significant strides across key sectors, with wholesale and retail trade being largest in terms of value …
UAE, Russia discuss boosting financial cooperation
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, met with Maxim Oreshkin, Deputy Head of the Presidential Administration of the Russian Federation, during an official visit to …
Dubai to construct well-being resort and interactive park in Zabeel Park
Dubai is set to develop Therme Dubai, a well-being resort and interactive park, with an estimated Dh2bn ($544m) of investment. Set to be developed within Zabeel Park, the initiative is a collaboration …
UAE’s non-oil foreign trade continued its upward trajectory, reaching AED3 trillion in 2024: Al Zeyoudi
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that the UAE’s non-oil foreign trade has continued its upward trajectory, reaching AED3 trillion in 2024, with a record …
UAE’s top bank FAB beats fourth-quarter estimates on revenue boost
First Abu Dhabi Bank (FAB) , the United Arab Emirates’ biggest lender by assets, beat fourth-quarter profit estimates on Thursday, driven by a double-digit growth in operating income.
UAE’s biggest bank FAB posts 4% rise in FY 2024 net profit; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a 2024 net profit of 17.1 billion dirhams ($4.6 billion), 4% higher year-on-year (YoY) as a rise in operating income offset higher impairment …
First Abu Dhabi Bank reports Dhs17.1bn net profit for 2024
FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent …
‘Dubai on the Mediterranean’: Inside Trump’s Gaza plan
The US president’s proposal to expel millions of Palestinians emerges from a fringe idea in his first term that was rejected by Palestinian leaders.
Mohammed bin Rashid: UAE’s foreign trade hit all-time-high of AED3 trillion by end of 2024
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that the UAE’s foreign trade has reached a historic milestone, touching AED3 trillion for …
UAE non-oil foreign trade hits record Dh3 trillion on Cepa boost
The UAE’s non-oil foreign trade hit a record Dh3 trillion ($816.7 billion) last year − up 14.6 per cent year-on-year − as the country continues to diversify its economy and forges closer trade ties …
CBUAE, Economic Security Centre of Dubai sign MoU
This aims to achieve the strategic objectives of both parties, bolster confidence in the UAE’s financial system, and consolidate the country’s leading global position …