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Increasing interest rates fail to dampen loan demand: UAE Central Bank survey

While increasing interest rates did impact the loan appetite of individuals in the UAE, this was more than offset by a strong financial and...

ECB hikes rates again while keeping options open for September

The European Central Bank lifted interest rates by another quarter-point while keeping options for the next meeting open as its unprecedented hiking campaign nears...

ADIB net profit up 61% at Dh2.3 billion in H1 2023

Dubai: Abu Dhabi Islamic Bank reported a 61 per cent increase in half-yearly net profit until June at Dh2.326 billion, the bank said on...

Abu Dhabi mega-corp IHC is more than about its stock price: CEO Syed Basar Shueb

Dubai: The Abu Dhabi mega-corp investment company IHC is more than just about delivering a 5,900 per cent _This is the IHC stock price...

Emirates NBD pulls in ‘record’ numbers for H1-2023, profit crosses Dh12 billion

Dubai: For one of the UAE’s biggest banks, Emirates NBD, it’s ‘record’ territory at the half-year mark, with profits hitting Dh12.3 billion from Dh21.3...

AED549.4 million volume of real estate transactions in Sharjah in H1 2023

he real estate sector in Sharjah has witnessed significant growth and development outside the city centre, as highlighted in the recently issued annual report...

Multiply Group reports AED400 million profits in Q2 2023

Multiply Group, an Abu Dhabi-based investment holding company, has reported a net profit of AED400 million for Q2 2023, compared with AED127.31 million in...

Financial Academy and Global Fintech Institute Sign MoU

The Financial Academy and the Global FinTech Institute have signed today a Memorandum of Understanding (MoU) in order to strengthen their collaboration in training,...

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UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum...

Tech, crypto firms to help tackle illegal wildlife trade

group of leading international technology, ​crypto and other ​businesses...

When AI access disappears overnight: The 12 sovereign models India is betting on

The idea of "sovereign AI" has often been dismissed...

SEBI board to consider reintroducing open-market window for buybacks tomorrow

A key proposal before the board is to reintroduce...

BMW cuts 2026 profit margin outlook over China slowdown, Middle East costs

German luxury carmaker BMW Group revised down its 2026...