Abu Dhabi, UAE – Abu Dhabi Islamic Bank (ADIB) reported strong financial results for the first half of 2026, driven by robust financing growth, higher revenues, improved asset quality, and continued customer acquisition, as the bank’s total assets exceeded Dh300 billion for the first time. ADIB posted a net profit after tax of Dh3.8 billion […]
Marwan Elaraby will join BlueFive Capital as President – MENA, reporting to Founder & Chief Executive Hazem Ben-Gacem He will support on BlueFive’s corporate initiatives across its expanding platform and managing key stakeholder relationships BlueFive Capital, the global investment platform with more than $15 billion in assets under management, today announced the appointment of Marwan Elaraby […]
Dubai, UAE – Emaar Development has partnered with Abu Dhabi Commercial Bank (ADCB) to introduce enhanced mortgage and financing solutions aimed at simplifying the home-buying journey for customers purchasing properties across Emaar Development’s portfolio of ready and off-plan residential communities in Dubai. The strategic collaboration combines ADCB’s mortgage expertise with Emaar Development’s premium real estate […]
Dubai, UAE – The Dubai International Financial Centre (DIFC) has reported strong growth in company registrations, with new active registered companies increasing by 30% over the 12 months ending June 2026, reinforcing Dubai’s position as one of the world’s leading financial hubs despite ongoing geopolitical tensions in the region. According to DIFC, a total of […]
By, Ray Fernandez, Espacio Media Incubator Agentic commerce is on the rise, as AI agents become increasingly embedded in all types of online transactions, from traditional banking to online shopping. In a recent report, Juniper Research forecasted that agentic commerce transactions would reach $3.5 trillion USD in 2031, up from 2026’s $8 billion USD market […]
Dubai, UAE, 28 July 2026: Emirates has officially launched Crypto.com Pay™, allowing its customers to use the digital payment solution on the airline’s website and app platforms. Customers with a Crypto.com account booking on emirates.com and the Emirates App can now select Pay™ at checkout, with transactions processed securely and in compliance with UAE regulatory standards. […]
By Srishti Dixit, Founder & Managing Director, ONS FinServ Group The Middle East has demonstrated that it can attract international managers, sophisticated capital and experienced financial professionals. The next question is whether its operating ecosystem can mature at the same pace. As fund structures become more sophisticated, the competitive advantage will increasingly come from the governance, […]
Visa to cut about 2,600 jobs Job cuts to primarily affect technology and product teams CEO says, have conviction we are doing what is right for Visa Visa had about 34,100 employees in FY2025 July 28 (Reuters) – Visa (V.N), plans to cut 7% of its workforce, or about 2,600 jobs, a company spokesperson said on Tuesday, […]
Yango Group, the UAE-based technology company, has invested in Egypt’s Fincart through its corporate venture fund, Yango Ventures, as part of the AI-powered e-commerce operations platform’s oversubscribed $2.8m seed funding round. The investment will support Fincart’s product development, team expansion, and new commercial partnerships as the company prepares to expand into additional markets across the […]
Kuwait City – As part of its strategy to expand and diversify its investment products and offerings, Gulf Capital Investment Company K.S.C.C. “InvestGB”, the investment arm of Gulf Bank, announced that it has received preliminary approval from the Capital Markets Authority to establish the Al Bader KD Islamic GCC Equity Fund, a Sharia-compliant investment fund […]