Business & Money | Wednesday 6 August, 2025 8:25 am

DIB reports AED3.7 bn in net profit for H1/25

Dubai Islamic Bank (DIB) showcased another robust performance in the first half of 2025, with operating revenue of AED 6.4 billion, driving a 16% YoY increase in pre-tax profit to AED 4.3 billion. Double-digit growth in financing and deposits, coupled with improved asset quality, underpinned...

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Business & Money | Wednesday 6 August, 2025 8:23 am

AD Ports Group opens Islamabad office, expanding its strategic presence in Pakistan

AD Ports Group officially launched its first representative office in Islamabad, the capital of Pakistan, marking a significant milestone in the Group’s international growth journey and its long-term commitment to enabling trade and logistics across South and Central Asia. Complimenting the...

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Business & Money | Wednesday 6 August, 2025 8:14 am

UAE participates in 3rd UN Conference on Landlocked Developing Countries in Turkmenistan

Suhail bin Mohammed Faraj Al Mazrouei, Minister of Energy and Infrastructure and Special Envoy of the Minister of Foreign Affairs to Turkmenistan, led the UAE delegation participating in the Third United Nations Conference on Landlocked Developing Countries, which opened on 5th August in Awaza,...

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Tourism & Hospitality | Wednesday 6 August, 2025 8:07 am

As 60% of UAE travellers rely on AI to plan trips, human connection remains vital

Travel technology is transforming the industry globally, changing the way travellers plan, book, and experience their journeys. According to a recent report by Tourism Economics on behalf of Arabian Travel Market (ATM), 60% of travellers in the UAE trust Artificial Intelligence (AI) to plan every...

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Business & Money | Wednesday 6 August, 2025 8:04 am

Tarabut Secures In-Principle Approval from the Central Bank of the UAE, Marking a Milestone for Embedded Finance and Financial Inclusion

(BUSINESS WIRE/AETOSWire)-- Tarabut, MENA’s leading open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) following the introduction of the UAE’s Open Finance regulation. This milestone positions Tarabut at...

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Business & Money | Tuesday 5 August, 2025 5:40 pm

Step-by-Step Guide on How to Invest in Mutual Funds for Beginners

Mutual funds are becoming a popular way to invest in the UAE. They offer long-term growth without the need to manage stocks on your own. Recent data shows that the Abu Dhabi Global Market (ADGM) saw a 226% rise in assets under management in just six months. This reflects growing interest in...

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Business & Money | Tuesday 5 August, 2025 11:03 am

ACWA Power wins 2 solar projects in Morocco

ACWA Power Co. won contracts to develop the Noor Midelt II and Noor Midelt III solar photovoltaic (PV) projects in Morocco, following a request for proposals (RFP) issued by the Moroccan Agency for Sustainable Energy (Masen), in collaboration with public and private sector partners. Each...

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Business & Money | Tuesday 5 August, 2025 10:55 am

ADES subsidiary to acquire Shelf Drilling for SAR 1.4B

ADES International Holding Ltd., a subsidiary of ADES Holding Co., signed an agreement to acquire all issued and outstanding shares of Shelf Drilling Ltd. through a cash merger governed by the laws of the Cayman Islands, under which Shelf Drilling will remain a surviving entity. In a statement ...

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Business & Money | Tuesday 5 August, 2025 10:53 am

MAJRA: 300 companies complete Impact Declaration through Sustainable Impact Digital Portal

MAJRA – National CSR Fund announced that nearly 300 companies have successfully completed the mandatory Impact Declaration through the Sustainable Impact Digital Portal. This milestone marks a significant step in embedding sustainability and governance principles across the private sector...

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Business & Money | Tuesday 5 August, 2025 10:48 am

Sharjah Chamber reports 12% membership growth in H1 2025

The Sharjah Chamber of Commerce and Industry (SCCI) recorded a strong performance and significant growth across key metrics during the first half of 2025, reporting more than 37,000 new memberships and membership renewals, marking a growth of over 12 percent compared to the same period in 2024,...

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