Tag: News

Central Bank digital currencies drive collaboration between banks and FinTech in the UAE

Central Bank Digital Currencies (CBDCs) are transforming the financial landscape, and the UAE is rapidly advancing in this innovative space. As part of its...

UAE: Gold prices inch higher in early trade after falling from last week’s record high

Gold prices in the UAE inched higher in early trade on Monday after falling from record highs witnessed last week. The 24K variant of the yellow metal...

Saudi Arabia’s Qiddiya Investment Co. and Globant partner in immersive entertainment push

Globant will work with QIC to develop the Qiddiya PLAY LIFE Connected Experience Deal to showcase how digital ecosystems can enhance the entertainment and cultural...

Saudi Arabia’s PIF to acquire 54% stake in MBC Group

Share price of MBC Group increased by 9.98% to SR45.75 Its net profit for the second quarter witnessed a rise of 66.5% to SR116.4 million RIYADH:...

National Bank of Fujairah posts a strong 39.3% net profit before tax growth to Dh715 million in the first nine months of 2024

National Bank of Fujairah (NBF) on Tuesday announced a year-on-year growth of 39.3 per cent to close the nine-month period at a net profit...

Abu Dhabi Islamic Bank net profit after tax rises 24%

Abu Dhabi Islamic Bank on Wednesday reported a growth in net profit after tax of 24 per cent for the first nine months of...

2024 U.S. election and its impact on financial markets, UAE, and the Middle East

As November 5, approaches, the world is watching the U.S. Presidential election closely. This fiercely contested race between Former President Donald Trump and Vice...

Adnoc Distribution reports record fuel volumes, Ebitda for first nine months of 2024

Adnoc Distribution on Thursday reported its highest nine-month earnings before interest, taxes, depreciation and amortisation (Ebitda) of $790 million (Dh2.90 billion) and underlying Ebitda...

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UAE loan rates to rise? Escalating Iran-US conflict clouds next interest rate cut

Surging crude prices test central bank plans and household...

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

Bank removes charges on withdrawals and debit card replacements...

Global Markets: Stocks set for tough week, oil eyes strong gains as Middle East war rages

Oil prices set for largest weekly rise since Russia’s...

Saudi POS spending rises 4.5% to $3.8bn in late February: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending rose 4.5 percent to SR14.5 billion ($3.8 billion)...

When AI Speaks for Your Brand, Who Owns the Trust

Trust Has Become a Strategic Asset In 2026, the question...