Author: Arabian Media staff
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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Image: DP World DP World Trade Finance has crossed the $1bn mark in working capital mobilised for businesses in emerging markets, just four years after launching its platform. The milestone comes as the global trade finance gap continues to exceed $2.5tn, disproportionately affecting small and medium-sized enterprises (SMEs) in developing economies. The platform, which combines logistics and financial services, has partnered with more than 32 financial institutions globally, including J.P. Morgan, Standard Bank, and NedBank. Together with DP World’s own lending operations, the model aims to increase access to affordable trade finance while reducing risk and improving the flow of…
Image: Amazon Amazon.ae has announced the return of its Prime Day sale in the UAE, running for seven days from July 25 to 31. Prime members will gain exclusive access to millions of deals across over 30 product categories, including electronics, fashion, groceries, home goods, and Amazon Devices. The extended sale event reflects shifting consumer preferences in the UAE. According to research conducted by HarrisX and commissioned by Amazon, 73 per cent of UAE shoppers prefer longer sale events to allow for better decision-making, while 77 per cent say they feel satisfied when scoring deals during promotional periods. Prime membership,…
Image: Dubai Media Office The Dubai Land department (DLD) has signed a memorandum of cooperation with Emirates NBD to enhance regulatory processes and streamline real estate transactions. The agreement sets out a joint framework for conducting technical and regulatory studies, focusing on the development of streamlined mechanisms for property transaction registration and delivering financial solutions to improve the overall customer experience. As part of the partnership, two key studies will be launched. The first will explore ways to optimise the registration process for real estate transactions concluded outside the UAE, while the second will examine how financial services can be…