Emirates Islamic Bank has reported a significant increase in its operating profit for the first half of 2026, reaching AED 2.2 billion, marking a 10% rise compared to the same period last year. This robust performance underscores the bank’s success in navigating the competitive landscape of Islamic banking in the UAE. The surge in operating...
First Abu Dhabi Bank (FAB) has announced an impressive net profit of Dh10.73 billion for the first half of 2026, reflecting a robust growth trajectory amid escalating loan demand. This performance not only signifies an increase compared to previous periods, but it also indicates the bank’s resilience in a competitive financial landscape. The 7% growth...
DP World, a prominent player in global logistics, has entered into a significant 50-year concession agreement with the Fujairah Ports Authority to develop two major multipurpose container ports. This strategic initiative represents a critical investment in the maritime landscape of Fujairah and is expected to enhance the emirate’s status as a pivotal hub for shipping...
Human Rights Watch has raised concerns regarding the Emirates-XRG cycling team representing the United Arab Emirates, suggesting that the initiative could serve as a means of “sportswashing,” aimed at distracting attention from the country’s troubling human rights situation. The term “sportswashing” refers to the practice where countries use sports events and teams to improve their...
Swiss sports brand On has officially opened its first retail location in the United Arab Emirates, marking a significant milestone in its expansion strategy despite current regional tensions. The company, which has garnered international attention with the backing of tennis legend Roger Federer, aims to penetrate the Middle Eastern market with an ambitious plan that...
Gold markets are anticipated to remain relatively stable for the rest of the year, as current conditions are likely to keep the price movements limited. The continuation of elevated U.S. Treasury yields is acting as a significant headwind for gold, with many analysts predicting that its trading range will narrow significantly. This stability in gold...
Air Peace, one of Nigeria’s leading airlines, has announced a strategic partnership with Etihad Airways, a prominent carrier from the United Arab Emirates (UAE). This collaboration aims to significantly enhance air connectivity between Nigeria, as well as West and Central Africa, and the UAE, which is a vital hub for international travel. The interline agreement...
The Commercial Court in Abu Dhabi has dismissed a lawsuit seeking Dh33 million against BILDCO, a company operating within the UAE. The decision has cleared BILDCO of financial liability and has underscored the robustness of its legal position, as affirmed by the court’s ruling. This lawsuit’s dismissal not only highlights BILDCO’s strong legal standing but...
In a significant move for the energy sector in the United Arab Emirates, TotalEnergies has announced its final investment decision for a major gas expansion project in the region. This initiative underscores the growing importance of natural gas as a key element in the UAE’s energy strategy, aiming to bolster supply and enhance sustainability within...
The forthcoming Vibrant Gujarat Global Summit (VGGS) in 2027 is poised to bring India’s free trade agreements (FTAs) to the forefront, as the state of Gujarat aims to leverage these agreements to attract foreign partnerships and investments. With a strategic focus on fostering economic collaboration, Gujarat’s initiative underscores the growing relevance of FTAs in today’s...