Tag: UAE banks

UAE banks power ahead in Q3, outpacing regional peers

Loan growth, resilient margins, and digital innovation drive sector gains amid favourable macro conditions, Alvarez & Marsal report shows UAE banks continued to outperform their...

UAE banks set for stable 2026 amid geopolitical, oil-price risks

S&P’s average long-term rating for GCC banks is A-, slightly higher than last year after upgrades to several large banks in Saudi Arabia and...

UAE banks record highest return on equity in the GCC

UAE-listed banks once again topped the GCC with the highest return on equity(RoE) at the end of the third quarter of 2024 at 16.8...

UAE banks’ capital, reserves hit over Dh495 billion

The total capital and reserves of banks operating in the UAE reached Dh495.2 billion at the end of June 2024, a year-on-year (YoY) increase...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...