Salama, a leading takaful insurance provider in the UAE, has reported a significant turnaround in its financial performance for the first half of the year, achieving a profit of Dh28.3 million. This figure marks a remarkable increase of 245% compared to a loss of Dh1.9 million in the same period last year, underscoring the company’s...
In recent years, the Gulf region, particularly Saudi Arabia and the UAE, has emerged as an attractive destination for global financial institutions. A combination of strategic market reforms and innovative economic initiatives is transforming the Gulf into one of the fastest-growing capital markets in the world. This evolution is evidenced by a significant influx of...
As of August 15, 2026, the exchange rate for the UAE Dirham (AED) against the Pakistani Rupee (PKR) reflects the ongoing economic dynamics within the Gulf region and its global trading partnerships. Currently, the conversion rate shows practical implications for businesses and individuals engaged in trade and investments between these two nations. The exchange rate...
The Islamic insurance sector within the Gulf Cooperation Council (GCC) has demonstrated remarkable resilience, achieving consistent growth during the first half of 2026. According to recent findings from S&P Global Ratings, revenues for the sector surged nearly 15%, underscoring its ability to withstand regional volatility. This growth is indicative of a broader trend in the...
The Islamic insurance sector within the Gulf Cooperation Council (GCC) has demonstrated remarkable resilience, achieving consistent growth during the first half of 2026. According to recent findings from S&P Global Ratings, revenues for the sector surged nearly 15%, underscoring its ability to withstand regional volatility. This growth is indicative of a broader trend in the...
The gold market is currently experiencing a notable correction as prices hover around the critical $4,300 mark. Early trading on Friday suggests this downward movement is extending into a second day, driven primarily by profit-taking maneuvers among traders. This recent trend raises questions about the sustainability of gold’s recent bullish run, particularly given the geopolitical...
UAE stock markets showed a slight increase as investors closely monitored the impending release of July’s consumer price index (CPI) data from the United States. Both Abu Dhabi and Dubai’s indices reported modest gains, reflecting a sense of cautious optimism in the markets. The anticipation surrounding the US inflation figures stems from their potential impact...
Takaful Emarat, a leading Islamic insurance provider in the UAE, has announced a remarkable 46% increase in its profit for the first half of the year, reaching Dh13.46 million. This substantial growth is attributed to enhanced performance in core operations and the Takaful service offerings, positioning the company favorably in a competitive market. The surge...
Abu Dhabi National Insurance Company (Adnic) has announced a significant achievement in its financial performance for the first half of the year, reporting a profit before tax of Dh225.1 million. This result can be attributed to impressive growth in gross written premiums, which surged to Dh6.14 billion, reflecting the company’s robust market strategy and commitment...
Plus500, a prominent player in the global fintech arena, has announced impressive interim results for the first half of 2026, showcasing its capacity to navigate the competitive trading landscape adeptly. The company’s revenue reached a three-year high, experiencing significant growth thanks to a five-year peak in customer income. These results reflect the effectiveness of Plus500’s...