Arab Bank Group has reported solid results for the first quarter with a 17% jump in its net income after tax reaching 252.8 million from 216.3 million last year. Announcing the results for the three-month...

Capital.com the renowned Cyprus-based FinTech company has clinched the top spot for the third consecutive year in the third edition of Deloitte Technology Fast 50 with an impressive 4 411% growth. Following...

Emirates Islamic net profit surged to a record AED811 million ( 221 million) in the first quarter of 2024 up 35% year-on-year underpinned by a robust 19% growth in total income propelled by higher funded...

Dubai-based Mashreq s net profit soared to AED2 billion ( 544.54 million) in the first quarter of 2024 marking a substantial 25% increase year-on-year the bank said. It said the results are despite the...

The UAE emirate of Abu Dhabi has issued 5 billion USD-denominated bonds across three maturity periods Abu Dhabi s Department of Finance (DoF) has announced. The issuance successfully attracted strong investor...

The growth of internet usage in Saudi Arabia reached 99% of the population with the average mobile data consumption per person reaching 44 GB monthly a report said citing data from a government agency...

The International Monetary Fund (IMF) will open a new regional office in Riyadh Saudi Arabia (KSA) to enhance the partnership with countries in the Middle East and beyond. The new office will scale up...

Beyon Cyber part of the Beyon group has been recognised for the second successive year as the fastest growing Cyber Security Company in the Middle East & Cyprus by Deloitte. The significant achievement...

Yahsat Group and Bayanat merger to create Space42 will serve as a transitional shift in the space technology and artificial intelligence (AI) sector in the UAE and the entire region said Ali Al Hashemi...

United Arab Bank has announced its financial results for the three months ended March 31 2024 reporting a net profit after tax of AED68 million ( 18 million) for the first three months in 2024 as compared...

ADCB has continued its growth momentum into 2024 delivering a first quarter (Q1) net profit before tax of AED2.431 billion ( 660 million) an increase of 26% year on year. Net profit after tax was AED2.139...

Aramco one of the world s leading integrated energy and chemicals companies has signed a four-year global partnership with FIFA (Federation Internationale de Football Association) the international governing...

Emirates NBD s profit surged 67% to a record AED6.7 billion ( 1.82 billion) in the first quarter of 2024 compared to the previous quarter and up a strong 12% y-o-y propelled by regional growth increased...

Dubai will host the second edition of Dubai FinTech Summit from May 6-7 at Madinat Jumeirah bringing together 8 000 decision-makers over 300 thought leaders and more than 200 exhibitors to discuss the...

Saudi Arabia s Fakeeh Care Group one of the largest private hospital groups in the kingdom has said it planned to proceed with an initial public offering (IPO) through the sale of a 21.47% stake in existing...

GISEC Global 2024 has opened with record 50% year-on-year growth in exhibitor numbers in its 13th edition as more than 20 000 cyber professionals from 130-plus countries gathered to combat digital threats...