KUWAIT CITY / NEW YORK: Blackstone (NYSE: BX), the world’s largest alternative asset manager, has announced plans to establish an office in Kuwait through the Kuwait Direct Investment Promotion Authority (KDIPA), marking a significant expansion of its presence across the Gulf Cooperation Council (GCC). The new office is expected to open in the third quarter […]
Ajman Bank posts strong H1 2026 results with: Total assets reaching AED 33.9 billion up by 3% YTD Total revenue reaches AED 880 million up by 17% YoY Profit after tax reaches AED 246 million up by 1% YoY Asset quality continued to strengthen with NPF ratio improving to 5.3%. Ajman, United Arab Emirates – Ajman […]
Dubai: Abu Dhabi Commercial Bank reported a record second-quarter profit before tax of Dh3.83 billion, up 26% from a year earlier, as lending grew and higher fee and trading income broadened its revenue base. The result marked ADCB’s 20th consecutive quarter of profit growth, the bank said on Thursday. Profit before tax for the first […]
Emirates NBD reported a record first-half pre-tax profit of Dh16.2 billion, up 5 per cent year-on-year, as strong lending growth, higher net interest income and increased fee-based business offset higher impairment charges. The Dubai bank said on Wednesday that profit before tax was supported by a 13 per cent increase in net interest income and 25 […]
Ras Al Khaimah, United Arab Emirates, July 23, 2026 — The National Bank of Ras Al Khaimah (Rakbank) today reported its financial results for the first half of 2026. All variances are YoY Open for business. Supporting Customers when it matters Rakbank remained open for business, maintaining uninterrupted access to services and credit while supporting […]
HSBC has agreed to sell its Singapore life and health insurance business to Germany’s Allianz in a deal valuing the unit at S$2.7 billion ($2.09 billion), the companies said on Friday. The disposal is expected to generate a pre-tax gain of $1.8 billion and boost HSBC Group’s common equity tier 1 ratio by up to […]
The oldest myth in investing meets the UAE’s lowest-cost entry point of the year. The UAE summer has a rhythm. The heat clears the calendar. Evenings stretch out. The relentless pace of the year quietly pauses, and for the first time in months, there’s actually time to think. For a lot of people, that means […]
Created with Mastercard and issued through leading Saudi banks, RX Pay is Riyadh Air’s own card – a new way to pay, earn, and travel, designed entirely around its guests Rewards that go beyond the airline: use RX Pay wherever Mastercard is accepted and turn everyday spending into the next journey with Sfeer Points With […]
Abu Dhabi: Visa, a global leader in digital payments, and Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, today announced the bank’s early adoption of the Visa Threat Intelligence Platform (VTIP), making ADIB the first bank globally to deploy and co-design its initial use cases and operational framework with Visa. This collaboration reinforces […]
The service provides customers with greater flexibility in meeting their financial obligations through a simple and convenient digital payment process. The Ministry of Human Resources and Emiratisation (MoHRE) has launched the Tabby service, enabling customers to pay fees and fines owed to the ministry in instalments over a period of 4 to 12 months, with […]