Tag: 2025

ADCB profit jumps 22% in 2025 as assets climb to Dh774b, dividend proposed

Abu Dhabi lender posts Dh11.45b profit as loans, deposits, and revenues riseDubai: Abu Dhabi Commercial Bank reported a net profit after tax of Dh11.445...

UAE adds 250,000 new companies in 2025, eyes 2 million in the next decade

Flexible policies and new laws supporting business growth and expansion in new sectors have been major contributors to 5% economic growth in 2025 The UAE...

UAE cements position among world’s fastest-growing economies in 2025

Non-oil foreign trade rose 24.5 per cent in the first half of 2025 to Dh1.7 trillion, around 14 times the global growth rate The United...

Saudi Arabia to unveil $2bn in SME initiatives at Biban 2025  

RIYADH: Saudi Arabia’s Small and Medium Enterprises General Authority will unveil $2 billion in initiatives and agreements across technology, tourism, entertainment, education, and financial...

Meesho IPO: Ecommerce platform files updated papers for $800 million IPO; eyes December 2025 listing

Synopsis Meesho IPO scheduled for December 2025. The ecommerce company aims to raise approximately Rs 5,800 to Rs 6,600 crore. This move will make Meesho...

Middle East VC defies global slowdown with record $2.77bn raised in first 9 months of 2025

RIYADH: Venture capital funding in the Middle East surged to a record $2.77 billion in the first nine months of 2025, defying a global...

IMF raises Saudi growth forecast to 4% for 2025 and 2026 

RIYADH: The International Monetary Fund has raised Saudi Arabia’s economic growth forecast to 4 percent for both 2025 and 2026.  In its October World Economic...

ET Soonicorns Summit 2025: From AI-led demand forecasting to meat sentiment—why Licious built its own supply chain

Synopsis “Nobody gets traumatised by a bad rajma or tomato. But with meat, it happens.” At the ET Soonicorns Summit 2025 finale fireside chat, Abhay...

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Cloudflare highlights emerging risks and realities of frontier AI models in cybersecurity research

Cloudflare shared new insights into the evolving role of...

Dubai unveils new $410m economic support package for businesses 

Dubai approved a new 1.5 billion dirham ($410 million)...

Dell Technologies rewrites the rules of storage modernization and performance with Dell PowerStore Elite

Dell Technologies (NYSE: DELL) introduces Dell PowerStore Elite, a...

flydubai, Cyprus Airways announce interline partnership to expand global connectivity

flydubai and Cyprus Airways have announced the launch of...

ADX achieves 99% compliance rate in Q1 2026 financial statements disclosure by publicly listed companies

The Abu Dhabi Securities Exchange (ADX) Group announced that...