Author: Arabian Media staff
Image: Al Ansari Financial Services Al Ansari Financial Services, GCC’s non-banking financial services provider, reported a record first-half performance for 2025, achieving a 13 per cent year-on-year (YoY) rise in operating income to Dhs638m. The growth was driven by the consolidation of BFC Group’s results from Q2 2025 following its acquisition, alongside robust performance across most business lines. The results underscore the Group’s resilience and market leadership, achieved despite ongoing geopolitical headwinds, and reflect the effectiveness of its long-term strategy to leverage strong economic momentum in the UAE and wider GCC. H1 2025 highlights: Operating income up 13 per cent…
Cartex, a fast-growing fintech specialising in global payment solutions, has named Deepak Gusain as chief operating officer. Bringing over two decades of cross-sector experience in global digital infrastructure, Gusain will lead the execution of Cartex’s long-term growth strategy spanning financial services, embedded ecosystems, and digital commerce. In his new role, Gusain will oversee the scaling of Cartex’s core business lines, including card issuing, payment gateway infrastructure, telecom services, anti-fraud systems, and embedded financial tools. His mandate includes expanding the company’s multi-sector ecosystem to enable cross-border commerce, digital connectivity, and financial inclusion across markets in the GCC, Europe, India, Africa, and…
Image credit: Supplied Parkin Company PJSC (“Parkin”), the largest provider of paid public parking facilities in Dubai, has announced a landmark partnership with CAFU, the global leader in on-demand fuel delivery and car care services. The strategic alliance is set to roll out convenient, value-added automotive services—right where drivers park. Read-Smart parking in Dubai: How will it reinvent mobility in the city Starting Thursday, August 14, 2025, customers parking in any of Parkin’s facilities will be able to request on-demand fuel delivery and car wash services without ever needing to move their vehicles, a Dubai Media Office report said. The…
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Image credit: Getty Images Sharjah is strengthening its reputation as an age-friendly city by integrating artificial intelligence (AI) and smart care technologies to enhance support for senior citizens. This initiative is in line with the humanitarian vision of Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Read-UAE is using AI to hire: What skills do you need to land a job? At the 2024 Senior Citizens Services Forum, held under the theme “Artificial Intelligence in the Service of the Elderly”—the Sharjah Social Services Department issued key recommendations to expand AI applications in elderly care,…
Image: Supplied ADNOC Drilling recently reported record-breaking H1 2025 results, with significant revenue and profit growth driven by fleet expansion, accelerated production plans, and heavy investment in AI and technology. The company’s revenue was up 30 per cent year-on-year to $2.37bn, EBITDA rising 19 per cent to $1.08bn, and net profit up 21 per cent to $692m. Segment performance was robust: onshore revenue surged 18 per cent to $1bn, offshore edged up 1 per cent to $671m, and oilfield services exploded by 127 per cent to $689m. In this discussion with Gulf Business, CFO Youssef Salem shares insights into the…
Abu Dhabi is cementing its position as a global hub for artificial intelligence (AI), driven by world-class infrastructure, progressive legislation, and a thriving investment climate. The emirate’s flagship global tech ecosystem, Hub71, attracted 13 new AI-focused start-ups in the first half of 2025, bringing its total to 53 companies specialising in AI innovation. The latest cohort represents top entrepreneurial talent from around the world, underscoring Abu Dhabi’s appeal as a destination for high-value tech investment. AI firms in Abu Dhabi Ahmad Ali Alwan, CEO of Hub71, saidthe platform plays a critical role in scaling these businesses by offering mentorship, facilitating…
Image credit: Getty Images Gold extended gains to a third straight session on Thursday, supported by rising expectations of an interest rate cut by the US Federal Reserve in September following tame inflation data, which also weighed on the dollar. Spot gold rose 0.4 per cent to $3,367.53 per ounce as of 0156 GMT. US gold futures for December delivery added 0.3 per cent to $3,416.70. Read-UAE Central Bank boosts gold reserves by over 19% in Q1 “Markets are pricing in the chance that the Fed cuts 50 basis points in September. So the dollar’s weakening, gold’s going up as…
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