Emirates NBD, the largest bank in Dubai based on assets, has announced a notable increase in its net profit for the first half of the year, thanks to substantial loan growth. The bank’s net profit reached AED 12.9 billion (approximately $3.5 billion) for the first six months of 2026, marking a 3% rise compared to...
First Abu Dhabi Bank (FAB), the largest bank in the UAE by assets, has recorded a notable increase in both its operating income and net profit for the second quarter and first half of 2026. This performance exceeded the bank’s medium-term expectations, signaling a resilient financial health amid fluctuating market conditions. For the January to...
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...
United Arab Bank P.J.S.C. (UAB) has announced its financial performance for the first half of 2026, revealing a robust net profit of AED201 million. This figure not only highlights the bank’s resilience but also reflects the successful implementation of its financial strategies amidst challenging market conditions. The reported profit signifies a notable achievement, attributed to...
The Commercial Bank of Dubai (CBD) has reported a significant milestone, surpassing Dh100 billion in net loans, marking a robust performance in the first half of 2026. This achievement reflects the bank’s strategic focus on expanding its lending portfolio to support growing demand in various sectors. In addition to the impressive loan figures, CBD recorded...
The SME financing landscape in the United Arab Emirates has been evaluated at approximately $30 billion, reflecting a robust foundation for ongoing growth. This insight comes from a detailed market analysis conducted by Ken Research, which highlights the prevailing financing gaps and investment opportunities that exist within the country’s dynamic SME sector. Given the rapid...
The SME financing landscape in the United Arab Emirates has been evaluated at approximately $30 billion, reflecting a robust foundation for ongoing growth. This insight comes from a detailed market analysis conducted by Ken Research, which highlights the prevailing financing gaps and investment opportunities that exist within the country’s dynamic SME sector. Given the rapid...
Ajman Bank has successfully launched and listed a USD 300 million Additional Tier 1 (AT1) Perpetual Sukuk on Nasdaq Dubai, marking a significant milestone for the financial institution as it diversifies its capital structure. This inaugural transaction for Ajman Bank underscores the growing trend of sukuk issuances within the region, reflecting the bank’s commitment to...
Burjeel Holdings, a healthcare group listed in Abu Dhabi, has successfully launched its first sukuk, raising $500 million to enhance its expansion efforts in Saudi Arabia. The issuance attracted significant interest, garnering $1.6 billion in demand, which indicates a robust appetite for Islamic finance instruments among global investors. The sukuk was notably oversubscribed, with 61%...
The Indian government has introduced a significant tax exemption that will benefit certain transactions with eligible units operating within the GIFT City International Financial Services Centre (IFSC). Specifically, payments related to interest, dividends, commissions, and professional fees to these designated units will now be free from the Tax Deducted at Source (TDS) regulations. This move...