Abu Dhabi-based International Holding Company (IHC) has reported a sharp increase in its first-half profit which soared to AED26.2 billion ($7.13 billion), while its revenue surged 34.5% to hit AED64.9 billion ($17.6 billion) supported by higher revenue across several business segments.
The National Bank of Bahrain (NBB) has announced a new partnership with Turkish Airlines to provide exclusive travel benefits to its cardholders, including a 20% discount on flights.
Artificial intelligence (AI) could allow developing countries to do in a decade what might otherwise take a century — provided that governments act swiftly to close the gaps in power, connectivity, skills, and institutional quality that threaten to leave them behind, a World Bank Group report said.
Mastercard and Arab Financial Services (AFS), the Middle East and Africa’s leading digital payment solutions provider and fintech enabler, have joined forces to introduce corporate credit and prepaid cards, integrated with the AFS Pro mobile app, in the UAE and Egypt.
The year-on-year inflation in Organisation for Economic Co-operation and Development (OECD) countries declined to 4.2% in June, down from 4.6% in May, following three consecutive monthly increases, said a report. The headline inflation fell in 20 OECD countries, rose in 6, and was stable in 12. I
Dubai International Financial Centre (DIFC) has announced updates to the Prescribed Company (PC) Regulations, which are designed to broaden the use of PCs, DIFC’s equivalent of Special Purpose Vehicles or SPVs.
Sohar International Bank has announced the successful completion of its OMR149.3 million ($388.3 million) rights issue.
Emirates NBD Egypt, a 100% owned subsidiary of Emirates NBD Bank, has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt, an indirect subsidiary of HSBC Holdings.
Abu Dhabi-based Investcorp Capital has reported a sharp decline in its annual profit for the fiscal year ended June 30, 2026 which fell to $44 million from $81 million last year as higher financing costs and timing of private market exits weighed on earnings.
Jordan-based Arab Bank Group has reported a 7% increase in its net profit for the first half of 2026 which rose to $571 million from $535.3 million a year earlier, as the growth in fee and commission income helped offset a challenging regional and global operating environment.
