UAE's top bank FAB Q2 profit up 61%, beating estimates
First Abu Dhabi Bank , the UAE's biggest lender by assets, on Thursday said its second-quarter profit rose 61% from…
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Abu Dhabi's G42 unveils world’s largest supercomputer for AI training
G42, the Abu Dhabi-based artificial intelligence and cloud computing company, has launched the “world’s largest supercomputer” that aims to address…
Real estate trading volume exceeds QR300m in a week
The volume of real estate trading in sales contracts at Department of Real Estate Registration at the Ministry of Justice…
Turkish Central Bank raises policy rate 250 basis points to 17.5%Turkish Central Bank raises policy rate 250 basis points to 17.5%
Türkiye's Central Bank raised its one-week repo rate, also known as the policy rate, by 250 basis points on Thursday…
Saudi fund inks $10m loan agreement for business incubation centers in the Bahamas
The Saudi Fund for Development CEO Sultan Al-Marshad signed a development loan agreement worth $10 million with Isacc Chester Cooper,…
ADCB reports record half-year net profit of AED 3.811bln, up 25%
Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the second quarter of 2023…
UAE highlights renewable energy’s key role in peacekeeping operations
A senior UAE delegation led an international discussion underlining the importance of incorporating renewable energy into peacekeeping operations around the…
The Central Bank of the UAE and Dubai Police sign MoU to enhance cooperation mechanisms for information exchange on financial crimes
The Central Bank of the UAE and the Dubai Police signed a memorandum of understanding (MoU) to promote cooperation coordination…
UAE, Turkey sign accord, strategic agreements valued at $50.7bn
The accord was signed in the presence of UAE President Sheikh Mohamed bin Zayed Al Nahyan and Turkish President Recep…
How UAE's transport sector is driving towards Net Zero future
The transport sector plays a pivotal role in the UAE’s journey towards Net Zero by 2050, an Emirati minister noted…
Dentons advises Joint Lead Managers on Sobha Realty issue
Dentons has advised Standard Chartered Bank, Dubai Islamic Bank, Emirates NBD Capital, Mashreqbank and Sharjah Islamic Bank as Joint Lead…
Aramco, OQ Technology sign MoU to enhance satellite IoT connectivity at remote sites
In a significant technological move aimed at enhancing operational efficiencies downstream, Aramco has partnered with OQ Technology, a global 5G…