Tag: UAE

National Bank of Fujairah net profit before tax rose 80.8% in Q1 2024

National Bank of Fujairah (NBF) announced on Monday that it recorded a year-on-year growth of 80.8 per cent in net profit before tax of...

UAE-India trade on track to surpass $100b by 2023

The UAE and India are on track to surpass a target of $100 billion in bilateral non-oil trade by 2030 in the wake of...

Emirates NBD’s Q1 2024 profit surges 67% to Dh6.7 billion

Emirates NBD’s profit surged 67 per cent to a record Dh6.7 billion in the first quarter of 2024 compared to the previous quarter and...

Emirates Islamic reports record Q1 2024 profit of Dh811 million

Emirates Islamic profit surged to a record Dh811 million in the first quarter of 2024, up 35 per cent year-on-year (YoY). This success was underpinned...

UAE: Soon, travel from Abu Dhabi to Dubai in just 30 minutes by flying taxis

Flying taxis will cut travel time between Abu Dhabi and Dubai to just 30 minutes, industry experts said, while highlighting the UAE being at...

UAE economy set to expand at ‘fastest clip’ in GCC

Buoyed by strong performance in non-oil sectors, the UAE economy is on track to expand at the fastest clip in the region while Saudi...

CBUAE enhances SupTech initiative as part of its Financial Infrastructure Transformation Programme

The Central Bank of the UAE (CBUAE) has partnered with Accenture to implement a range of transformative services for the CBUAE's Supervisory Technology (SupTech)...

UAE aims to roll out 6G before 2030, allowing people to transmit human senses

The UAE aims to transition to 6G before 2030 which will allow people to digitally transmit human senses sight as well as further role...

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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...