Author: Arabian Media staff
President Donald Trump is going to visit the Federal Reserve on Thursday, as the White House increasingly makes the case that construction cost overruns at the central bank are a reason to remove Chair Jerome Powell. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
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Image: Hala/ RTA Hala, the e-hailing taxi joint venture between Careem and Dubai’s Roads and Transport Authority (RTA), reported a strong H1 performance in 2025, with double-digit growth in trips and user numbers across Dubai and Ras Al Khaimah, along with progress in fleet sustainability and operational efficiency. Taxi trips in Dubai rose 12 per cent year-on-year in H1, while active users increased by 10 per cent, the company said in a statement. In Ras Al Khaimah, trips climbed 11.3 per cent and users grew 15 per cent. The company expanded its fleet by 250 vehicles in the first half…
Image credit: Getty Images Emirates NBD, Dubai’s biggest bank by assets, reported on Thursday a 9 per cent fall in its first-half net profit, as lower recoveries and a new higher tax rate impacted the lender’s results. The bank posted a net profit of Dhs12.5bn ($3.40bn) in the six months to June 30, down from Dhs13.8bn over the same period in 2024. Read-Dubai: DLD, Emirates NBD partner to streamline property registrations, deals ENBD, majority-owned by Dubai’s government, said recoveries in the first half of 2025 were down by Dhs2bn, which compared with “very strong recoveries” last year, the bank said…
Image: FAB First Abu Dhabi Bank (FAB) reported a record net profit of Dhs10.63bn ($2.9bn) for H1 2025, a 26 per cent year-on-year increase, surpassing the Dhs10bn mark for the first time in any half-year period. Operating income rose 16 per cent year-on-year to Dhs18.31bn, while profit before tax climbed 29 per cent to Dhs12.83bn. Return on tangible equity (RoTE) reached 20.5 per cent, exceeding the bank’s medium-term guidance of above 16 per cent. Earnings per share stood at Dhs0.93, up 27 per cent. FAB Q2 highlights In the second quarter, net profit rose 29 per cent to Dhs5.51bn compared…
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