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Sanad posts H1 revenue of $630m; projects $1.23bn for FYSanad, a global aerospace engineering and leasing solutions leader, has posted robust first-half (H1) revenue of AED2.3 billion ($630 million) and projects full-year (FY) earnings of AED4.5 billion ($1.23 billion). The revenue growth was marked by significant More… |
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GII finalises investment in GEMS EducationGulf Islamic Investments group (GII) has concluded its funding arrangements to invest in the Dubai-headquartered private schools’ operator and service provider GEMS Education. GII is part of a consortium led by Brookfield Asset Management Ltd, through its Special Investments (BSI) and M More… |
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Aramco completes $6 billion bond issuanceAramco, one of the world’s leading integrated energy and chemicals companies, today announced that it has completed a bond issuance of $6 billion. The issuance comprises three tranches of USD-denominated senior unsecured notes under Aramco’s More… |
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Mashreq allocates $272m more in funding for industrial companiesMashreq Bank, a leading financial institution in the region, has announced that it has allocated an additional AED1 billion ($272 million) in financing solutions to enhance the industrial sector's growth in the UAE and support its competitiveness and productivity. More… |
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Emirates NBD H1 net rises 12pc to record $3.8bnEmirates NBD delivered a record profit of AED13.8 billion ($3.8 billion) in the first half of 2024, driven by increased lending across its regional network and substantial impaired loan recoveries. Quarterly profit topped AED7 billion for the first time More… |
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Emirates Islamic H1 net jumps 37pc to $460m; highest everEmirates Islamic achieved its highest ever half-year net profit, with a remarkable 37% increase to AED1.7 billion ($460 million) propelled by superior levels of both funded and non-funded income. Total income saw a notable 15% improvement, reaching 2.7 b More… |
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FIM partners announces the next phase of its expansion in KSAFIM Partners, a leading asset manager in emerging and frontier markets, has announced the next phase of its expansion in Saudi Arabia, furthering its commitment to provide top-tier asset management services in the region. Founded in 2008, FIM Partners has firm More… |
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ADGM revises fees for commercial licences starting 2025ADGM, the international financial centre of the UAE’s capital, has announced significant revisions to its licensing fee schedule as part of its transitional arrangements for Al Reem Island businesses. Starting from January 1, 2025, ADGM will More… |
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Mace posts 68pc jump in profit before tax to $80m in 2023Mace, a global programme and project delivery consultant and construction expert, has achieved record revenue and profit before tax, with a significant expansion of global consultancy work and a five-year high for construction revenue. Profit before tax from c More… |
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DOF, FAB tie-up to boost digital government service in AjmanDepartment of Finance in Ajman (DOF) has signed a service agreement with First Abu Dhabi Bank (FAB) to augment the unified digital payment platform for Ajman's government, SADAD Ajman, and its digital wallet. The aim is to provide comprehensive and a More… |
