In the financial industry, where the United Arab Emirates (UAE) has rapidly become a global leader in transformation, digital innovation is more evident than anywhere else. The UAE is constructing a future where money moves more quickly, securely, and easily thanks to a strong national focus on technology and smart systems. The UAE’s digital finance revolution The nation is creating one of the most sophisticated financial ecosystems in the world thanks to programs like UAE Vision 2031 and the fintech strategy of the Dubai Financial Services Authority (DFSA). Digital wallets, blockchain adoption, cashless transactions, and AI-powered analytics are no longer sci-fi ideas; they are becoming commonplace in daily financial life. Both locals and foreign investors now have more access to financial opportunities as a result of ......read more
Strong Performance in Home Appliance and Vehicle Solutions Drives Second-Highest Third-Quarter Revenue in Company History Dubai, November 3, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of KRW 21.87 trillion and operating profit of KRW 688.9 billion for the third quarter of 2025. The Home Appliance Solution (HS) Company and Vehicle Solution (VS) Company delivered strong performances despite external challenges such as U.S. tariffs and a slowdown in the electric vehicle (EV) market. These results reflect LG’s ongoing transformation of its business portfolio and commitment to qualitative growth, encompassing B2B solutions such as vehicle and HVAC systems, expanding non-hardware businesses like subscriptions and webOS, and innovative direct-to-consumer business ......read more
For the nine-month period ended 30 September 2025 NBF posted its best nine months net profit of AED 945.4 million, surging 45.3% year-on-year underpinned by robust balance sheet growth of 11.7% 29 October 2025: NBF is pleased to announce its results today for the nine-month period ended 30 September 2025. Overview of Results and Operational Performance for the nine-month period ended 30 September 2025 NBF recorded year-on-year growth of 45.4% to close the nine-month period at a net profit before tax of AED 1.04 billion compared to AED 715.0 million in the corresponding period of 2024. Further, NBF posted its best ever net profit after tax for a nine-month period, amounting to AED 945.4 million, compared to AED 650.4 million in the corresponding period of 2024 with a corporate tax charge of AED 94.0 million. On the back ......read more
Robust double-digit growth in revenue and profitability, reflecting business resilience and diversification. Operating profit before tax surged 38% to AED 208.8 million, highlighting operational strength and disciplined execution. Growth was primarily driven by strong performance in manpower & accommodation solutions and real-estate development & services. Continued investment focus on high-growth sectors reinforces ESG’s long-term value strategy. Abu Dhabi, UAE, 28 October 2025: Emirates Stallions Group (ADX: ESG), the leading conglomerate with operations spanning from Workforce Solutions, Real Estate Development, Design & Interiors Manufacturing to Agriculture & Landscaping, and a subsidiary of IHC (ADX: IHC), today announced results for the nine-month period ended 30 September 2025, reporting ......read more
Net profit for the first nine months up 15.6% year-on-year Net loans cross AED 100 billion for the first time Return on equity rises to 22.3%, reflecting strong profitability and capital efficiency Dubai, United Arab Emirates, 22 October 2025: Commercial Bank of Dubai (CBD), one of the UAE's leading financial institutions, today announced its financial results for the nine months ended 30 September 2025, delivering record performance underpinned by strong income growth, cost discipline and continued improvement in asset quality. CBD reported its highest-ever profit in Q3 2025, marking 21 consecutive quarters of net-profit growth, a performance unmatched across the UAE banking sector. For the nine-month period, net profit increased 15.6% year-on-year, reaching AED 2,832 million before tax, underscoring ......read more
Deposits nearly doubled year-on-year, reflecting growing demand for digital-first banking Surge in personal and business customers highlights the pace of change in customer preferences Abu Dhabi, UAE – 06 October 2025 – Wio Bank PJSC has surpassed AED 50 billion in total customer deposits in less than three years since its launch, highlighting the rapid evolution of the region's banking sector as digital adoption accelerates. The milestone comes as more individuals and businesses across the UAE adopt digital-first financial services, with Wio emerging as one of the key players shaping this transformation. As the UAE accelerates its position as a global fintech hub, Wio has seen its total customer base grow by 72% year-on-year, fuelled by a 93% increase in Wio Personal customers and 42% growth in Wio ......read more
جوهر التداول هو فن مالي يقوم على الدقة، الانضباط، والتوقيت. يتضح ذلك أكثر ما يكون في أسواق السلع، حيث يظل الذهب عالميًا في ضمان الاستقرار، القيمة، وثقة المستثمرين. أهمية ساعات داول لذهب تكمن في معرفة متى تكون السيولة في ذروتها وحركات الأسعار أكثر وضوحًا، وهو موضوع أساسي يجب على المتداولين إدراكه لتوقع النتائج. ومع ذلك، لفهم حساسية التوقيت في التداول، من الأفضل استعارة بعض الاستعارات من عوالم أخرى: مثل صدور البيانات الاقتصادية، سياسات البنوك المركزية أو الأحداث الجيوسياسية التي تغيّر مزاج الأسواق. Unsplash الأهمية المالية للتوقيت الأسواق لا تقف ساكنة، بل "تتنفس". فالسيولة والتقلب لا يوجدان بشكل متوازن على مدار اليوم في تداول الذهب. الجلسات الآسيوية، الأوروبية والأمريكية تحمل ديناميكيات مختلفة: ساعات آسيا عادةً ما تتسم بتداول أهدأ للذهب يعكس التدفقات المحلية؛ ثم يأتي السوق تحت تأثير المؤسسات الكبرى ......read more
H1’25 Financial and Operational Highlights 13% YoY increase in Operating Income to AED 638 million attributed to the consolidation of BFC Group results from Q2 2025 (post acquisition) and the robust performance across the majority of business lines. 11% YoY increase in EBITDA to AED 287 million with an EBITDA Margin of 45% due to increase in operating income. Net profit after tax increased by 3% YoY to AED 212 million due to the increase in operating income arising from the consolidation of BFC Group results, offset by the increase in finance cost as a result of the shareholder’s loan availed for the BFC acquisition. Total Transactions increased by 10% YoY to 28 million transactions. Outward Remittances value of transactions saw a 12% increase YoY. Bank Notes value of transactions reported a 105% increase ......read more
DIB Reports Robust H1’25 Financial Results, with Operating Revenue of AED 6.4 Billion Driving a 16% Increase in Pre-Tax Profit to AED 4.3 Billion Double-digit growth in financing and customer deposits Significantly improved asset quality Balance sheet expands beyond the USD 100 Billion mark Key H1’25 Performance Metrics: AED 6.4 Bn +5% YoY Profit (pre-tax) AED 4.3 Bn +16% YoY RoTE (pre-tax) +100 bps YoY Total Assets AED 373 Bn +8% YTD Net Financing Assets AED 237 Bn +12% YTD AED 284 Bn +14% YTD NPF Ratio Improved by 64bps YTD Cash ......read more
Abu Dhabi, August 4, 2025 – The Board of Directors of Response Plus Holding PJSC (ADX: RPM), the largest pre-hospital care and emergency medical services provider in the region, has announced the distribution of AED 18 million in interim cash dividends to shareholders for the financial period ending on June 30, 2025. The announcement was ratified during the Board Meeting held on July 30. The decision will enable RPM shareholders to receive AED 0.09 per share, with the total amount of dividends constituting 9 per cent of the company’s paid-up share capital. The Last Entitlement Date (LED) for the shareholders has been set for August 7, 2025, followed by the Ex-Dividends Date (EXD) on August 8, 2025, the Registry Closing Date (RCD) on August 11, 2025, and the Payment Date on August 25, 2025. Omran Al Khoori, Chairman ......read more
Building a Stronger Foundation for Long-Term Qualitative Growth Through Portfolio Shifts and Operational Resilience Dubai, July 28, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 14.77 billion and operating profit of USD 455.1 million for the second quarter of 2025. Both revenue and operating profit declined year-over-year, primarily due to continued global market softness, increased tariff burdens driven by changes in U.S. trade policy, and intensified competition. Rising costs, including logistics expenses, also weighed on overall profitability compared to the same period last year. Despite these challenges, the Home Appliance Solution (HS), Vehicle Solution (VS) and Eco Solution (ES) Companies delivered strong performance, each posting year-over-year increases in both ......read more
H1-2025 Net Profit Reaches AED 1.862bn Before Tax Dubai, United Arab Emirates, 23 July 2025: Commercial Bank of Dubai (CBD) has announced its financial results for the second quarter and first half of 2025, achieving a remarkable milestone of 20 consecutive quarters of profit growth – a feat unmatched by any other bank in the UAE over the same period. The Bank reported a net profit before tax of AED 1.862 billion, representing a 16.7% increase compared to the same half last year. CBD's strong growth was further underscored by its total assets surpassing AED 150 billion for the first time in its history, reflecting sustained momentum and strategic execution. This performance has been driven by solid customer engagement, robust lending activity, ......read more
H1 revenue accelerated 41% year on year, and net profit climbed 16% Backlog stood at AED 49.9 billion, with AED 13.9 billion in awarded projects 400,000 sqm fabrication yard in Saudi Arabia now fully operational Extended its long-term agreement ("LTA") with Aramco, continuing a strategic partnership focused on offshore projects in Saudi Arabia Abu Dhabi, UAE; 23 July 2025: NMDC Energy PJSC (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), today announced strong financial results for the first half of 2025, with sustained growth demonstrating the company's strength and disciplined execution amid challenging market conditions. NMDC Energy continued its regional expansion, broadened its capabilities, and diversified its revenue streams in the first six months of 2025, delivering ......read more
You’ve picked your destinations. You’ve mapped the route. You’ve daydreamed your way through every capital. But unless you’ve secured your schengen travel insurance, your European adventure may end before it even begins. Because behind every visa approval is a quiet document that speaks volumes: a certificate that proves you’re prepared, protected, and serious about your trip. Welcome to the world of schengen travel insurance - the invisible shield that opens the door to Europe. Why travel insurance is more than a formality Forget what you’ve heard about insurance being “just paperwork.” In the Schengen zone, it’s a legal obligation. Without proof of mandatory insurance for schengen visa, your visa application will be denied. Plain and simple. This insurance ......read more
Dubai, UAE – 03 June, 2025: Zoho, a leading global technology company, has announced a new partnership with Dart, a leading business ecosystem in Dubai, aimed at empowering founders from around the world to relocate, setup and scale their companies in the UAE. The agreement was formalised during a signing ceremony between Premanand Velumani, Associate Director, Strategic Alliances Middle East and Africa (MEA) at Zoho, and Jack Mouzer, COO of Dart, at Dart’s Dubai headquarters. As part of this collaboration, Zoho will offer $500 in wallet credits to eligible Dart members, providing them access to its suite of 55+ cloud-based business applications. The company will also lead dedicated workshops, product training sessions, and webinars to help entrepreneurs and early-stage tech businesses build and grow efficiently using ......read more
2 July 2025, Dubai: Gargash Group, one of the UAE's leading business enterprises, is pleased to announce a significant step forward in its sustainability efforts with the signing of a Sustainability-Linked Facility (SLF) agreement with Mashreq, a leading financial institution in the MENA region. The agreement represents one of the largest SLFs in the UAE automotive sector to date and supports the group's efforts to align with UAE Green Agenda 2030 and Net Zero Strategy 2050. The facility ties financing terms to measurable Environmental, Social, and Governance (ESG) Key Performance Indicators (KPIs), including targets for reducing carbon emissions, increasing investment in employee development, and encouraging responsible practices across the supply chain. The signing ceremony took place at the Mercedes-Benz Brand Center in ......read more
As Dubai slowly but steadily consolidates its industry within the realm of the digital economy, interest in Bitcoin and Bitcoin Cash remains. It is really crucial that you clearly understand the distinction between the two individuals, who stay abreast with the dynamic financial environment of the region. The UAE's push for digitalisation really made Dubai a prominent hub for crypto activity. As the government actively oversees and an increasing number of end-users join the market, the differences between the most prominent cryptocurrencies, such as Bitcoin and Bitcoin Cash, have become more critical than they have since the beginning. The following are the key differences between the two coins based on their value, functionality and significance within the Dubai crypto ecosystem. Understanding The Split Bitcoin and ......read more
في مراجعة Zenstox هذه، اكتشف لماذا تُعد Zenstox منصة موثوقة تمنحك الثقة الكاملة لتحقيق طموحاتك المالية بسهولة وأمان. هل تتساءل: هل Zenstox آمن للتداول؟ الإجابة هي نعم قاطعة! سواء كنت مبتدئًا تبحث عن تجربة تداول سلسة أو متداول محترف يسعى لتحسين أدائه، تقدم Zenstox واجهة ذكية وأدوات متطورة تجعل قراراتك الاستثمارية دقيقة وسهلة منذ اللحظة الأولى. هل سئمت المنصات المعقدة التي تعيق تقدمك؟ Zenstox تقدم بيانات لحظية دقيقة، تنبيهات مخصصة تناسب احتياجاتك الشخصية، وتطبيقًا جوالًا سلسًا يتيح لك التداول بسهولة وسرعة أينما كنت في العالم. تتميز Zenstox بترخيص كامل من هيئة الخدمات المالية في سيشيل (SD123)، مما يضمن حماية أموالك في حسابات منفصلة وتأمين معاملاتك بتشفير SSL متقدم. انضم إلى أكثر من 200,000 متداول عالمي يثقون بشفافيتها الكاملة ورسومها الصفرية الخفية. استفد من دعم مباشر على مدار الساعة، دروس تعليمية شاملة تغطي الفوركس والأسهم والعملات ......read more
June 30th, 2025: Sheng Ding, President of SAVOYE, is pleased to announce the appointment of Julien Calloud as Chief Executive Officer, effective June 2025. This strategic appointment marks a new chapter for SAVOYE, a French company specializing in intralogistics solutions and supply chain software. With a strong technological foundation, recognized expertise, and a robust network of distributor-integrators, SAVOYE supports clients both in France and internationally. In his new role, Julien Calloud will oversee the strategic and operational management of the company. His mission is to coordinate all departments and further strengthen SAVOYE’s momentum in innovation and sustainable growth. A dual French-German graduate of the European Institute of Advanced Business Studies in Strasbourg, Julien Calloud brings over 20 years ......read more
Key Highlights for Q1 2025 Total property income increased by 24% year-on-year on a like-for-like basis, reaching USD19 million despite the divestment of two properties in 2024. Property operating expenses have decreased by 8.4% to USD3 million, driven by further cost optimization initiatives. Occupancy increased by 6% to 95%. Net property income remained stable at USD16 million, despite the absence of income of the properties divested in 2024, which has been compensated by higher rents and occupancy. Sharp Reduction in Finance Costs with Net finance costs decreasing by 57% to USD6 million, thanks to the success of the Sukuk refinancing. Revaluation gain of USD149 million leading to the Total Assets reaching USD1.2 billion, higher than the 1.1 billion in Q1 2024, despite the sale of the two properties. Finance to Value ......read more
Dubai, UAE – June 25, 2025 – Hibrid, a leading UAE-based provider of innovative streaming technology, has announced a strategic collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to offer comprehensive streaming and infrastructure services to customers throughout the Middle East and the Gulf Cooperation Council (GCC) region. This collaboration combines Hibrid's cutting-edge streaming platform with Alibaba's robust infrastructure capabilities to enhance content delivery, optimize network performance, and provide scalable solutions tailored to the unique needs of the Middle Eastern market. The partnership aims to empower businesses across various sectors, including media, telecommunications, and entertainment, by facilitating seamless streaming experiences backed by ......read more
Dubai, UAE – 18 June 2025, HSA Group is proud to announce the appointment of Mr. Dirhem Abdo Saeed as Chairman of the Board, marking a significant milestone in the Group’s 88-year legacy as one of the Middle East’s leading multinational family businesses. With over 40 years of international business experience, Mr. Dirhem is a seasoned and accomplished business leader who has played a key role in the Group’s strategic growth across the Middle East, Africa, Asia, and Europe. He previously served as Vice Chairman of the Board, contributing significantly to the Group’s global expansion and resilience. At the heart of Mr. Dirhem’s leadership is a deep commitment to serving communities, improving the lives of millions, and championing sustainable development. He believes that the true measure of ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold prices have staged a notable resurgence over the past week, as geopolitical tensions once again dominate investor sentiment, highlighting gold's enduring appeal as a traditional safe haven in times of global instability. However, the initial uptick, observed last week, found resistance near the $3,440–$3,450 zone on Monday—historically a ceiling for gold’s recent rallies. Gold (XAU/USD) daily chart Past performance is not a reliable indicator of future results. The move reflects renewed caution among investors following heightened concerns in the Middle East and global markets more broadly. As fear-based sentiment replaced the optimism seen earlier in June, capital flowed back into gold, underlining its role as a protective ......read more
The UAE launched the General Commercial Gaming Regulatory Authority in 2023, showing its earliest intention to legalise commercial gaming with the potential for licenced establishments. Big-player investors and developers have since turned their attention to Dubai, where a massive project is already underway on the Jumeirah Beach. The purpose-driven MGM project is, aiming to develop three luxury towers with the Belaggio, MGM, and Aria brand names. No licence has been granted yet, but the MGM investors have already planned and designed a $2.5 billion resort with space for gaming for when Dubai allows casinos. The decision remains with local leadership who are cautiously considering the project but have not outright rejected it. Many tourists and expats play casino games from the UAE. Gambling expert Alex Hoffman highlights that ......read more
The currency market, also known as the foreign exchange (forex) market, is the largest and most liquid financial market in the world. Every day, trillions of dollars are traded as businesses, investors, governments, and speculators buy and sell currencies. But what is forex trading? and how currencies move against each other? Understanding the key factors that affect currency market trading is essential for anyone involved in forex trading. Below are the major influences: 1. Interest Rates One of the most important factors influencing currency value is a country’s interest rate. When a central bank raises interest rates, it typically attracts more foreign capital as investors seek higher returns on investments. This inflow increases demand for that country’s currency, pushing up its value. Conversely, lower ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com The price of silver (XAG/USD) entered a consolidation phase on Wednesday morning, trading within a narrow range around $36.50 following a period of heightened volatility. However, sentiment quickly shifted after comments from the Chinese Vice Premier regarding ongoing trade negotiations with the United States in London. While the remarks were not overtly negative, they underscored the challenges ahead, reminding markets that a smooth path to a trade deal is far from guaranteed. The statement that China is “not willing to fight but not afraid to fight” sparked renewed caution, triggering a sharp 1.4% drop in silver prices within just five minutes. Silver (XAG/USD) daily chart & Gold/Silver ratio (blue line) Past performance is not a reliable indicator ......read more
Dubai, UAE – June 11: Trinasolar has once again secured its position in the BloombergNEF (BNEF) Tier 1 list for Q2 2025, reaffirming its exceptional bankability, industry-leading technologies, and robust shipment of its 210mm modules. This recognition further cements Trinasolar’s reputation as a global leader in smart solar and energy storage solutions, trusted across global markets. The BNEF Tier 1 List is widely recognized as one of the most authoritative and influential rankings in the solar industry. It serves as a key reference for industry trend analysis and investment decisions. Starting in Q2 2025, BNEF has raised the eligibility threshold for solar project size from 5MW to 10MW, significantly tightening the selection criteria. Trinasolar’s sustained presence on the list under these stricter standards ......read more
The IsDBI’s agenda focused on advancing partnerships, capacity development, and knowledge-driven solutions in Islamic finance JEDDAH, Saudi Arabia, June 2, 2025/ -- The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) has reinforced its leadership in Islamic finance by engaging with key stakeholders in a series of high-level bilateral meetings during the 2025 IsDB Group Annual Meetings in Algiers, Algeria. These strategic engagements underscore IsDBI’s commitment to fostering collaboration, innovation, and sustainable development across its Member Countries. Led by Dr. Sami Al-Suwailem, Acting Director General, the IsDBI team included Mr. Mohammad Khalid Jawahir, Senior Islamic Finance Specialist; Dr. Hylmun Izhar, Senior Research Economist; and Dr. Wejdan Kenali, Senior Editor. The IsDBI’s ......read more
Dubai, UAE –June 02, 2025: TCL, a leading global consumer electronics brand and the No.2 TV brand worldwide, proudly announces the elevation of its partnership with Arsenal Football Club to a global level, becoming Arsenal’s Official Global Consumer Electronics Partner. This milestone marks a new era in the relationship between two iconic brands driven by shared values of innovation, excellence, and progress. Building on a successful regional partnership in the UK, Middle East, and Africa since 2023, TCL and Arsenal are now taking their collaboration global, connecting with fans and consumers in more markets through shared values of innovation, performance, and progress. Sunny Yang, General Manager – TCL Middle East & Africa, stated: “We are proud to elevate our partnership with Arsenal to a global ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold (XAU/USD) is attempting to regain bullish momentum at the start of the week, though upside progress remains capped by key technical resistance. The precious metal found support near the 50-day simple moving average (SMA) at $3,168 last week, triggering a modest rebound as short-term sellers opted to lock in profits following recent weakness. Attention now turns to $3,250, a level that has capped advances in the past four sessions. Gold (XAU/USD) daily chart Technical Landscape Despite Monday's modest gains, gold continues to struggle with upward follow-through. The daily chart suggests price action is caught between technical support and resistance zones, limiting the potential for a breakout unless broader market catalysts emerge. Macro Backdrop: ......read more
Panasonic bats for enhanced service and supply efficiency by collaborating with Saudi Company for Hardware (SACO) Riyadh, Saudi Arabia Panasonic Marketing Middle East and Africa (PMMAF) has revealed a groundbreaking strategic partnership with Saudi Company for Hardware (SACO), KSA's premier electronics and lifestyle retail distributor. This collaboration marks a significant evolution in the Kingdom's retail and electronics sectors, as it pioneers a direct supply model in the Saudi market, aligning a major international manufacturer directly with a leading national retailer. The partnership is also strategically designed to redefine how Saudi customers access and experience Panasonic's innovative products, bringing them closer to consumers through SACO's extensive network of retail locations across the ......read more
Dubai, UAE – May 2, 2025 – New Jersey Governor Phil Murphy and Hotpack, the UAE-based leader in sustainable food packaging solutions, today announced a major step forward in Hotpack’s international expansion strategy with a $100 million investment to establish a new manufacturing and distribution facility in Edison, New Jersey, USA. This project marks Hotpack’s first production base in North America, reflecting its commitment to delivering tailored packaging solutions and strengthening supply chains to meet the evolving needs of its growing customer base in the United States, in alignment with the company’s 2030 Vision for international growth. The state-of-the-art facility will span 70,000 square feet, with operations set to commence in June 2025. As part of the first phase, the project will ......read more
Board of Directors proposes 100% cash dividend of paid-up capital, reflecting robust financial performance and dedication to consistent returns to shareholders Financial Highlights (Year ended 31 December 2024): Sales volumes increased 5.9%, highlighting strong market demand across core categories Gross revenue reached record of AED 601.7 million, up from AED 589.4 million in 2023 Gross profit expanded 8% to AED 99.6 million, underscoring operational efficiency Profit before tax and remuneration is increased by 22% to AED. 37.5 million Net profit after tax and remuneration was AED 30.8 million Earnings per share increased 11% to AED 1.02 (2023: AED 0.92), representing stronger shareholder returns Total assets increased to AED 439.4 million, while equity reached AED 344.5 million Dubai, United Arab Emirates ......read more
Company Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B Sectors Dubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed USD 689 million during the first quarter. Strong performance was driven by qualitative growth across key business areas, especially in B2B, non-hardware segments (such as subscriptions and webOS platform) and direct-to-consumer (D2C) sales. Vehicle solutions and heating, ventilation and air conditioning (HVAC) – both critical to LG’s B2B strategy and future growth – delivered ......read more
Dubai, UAE, April 24 - Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic Bank incorporated and headquartered in the Emirate of Ajman, successfully priced a USD 500 million 5-year Sukuk at a credit spread of 130 basis points over the United States treasury rate, which equates to a fixed profit rate of 5.125% per annum. The transaction garnered a high-quality orderbook peaking over USD 2.7bn, representing a 5.4x oversubscription rate, with participation from 100+ investors. The transaction represents the Bank’s first Sukuk issuance ever, marking a milestone in the bank’s capital markets journey and allowing it to further diversify its funding platform. Given this transaction marks Ajman Bank’s debut in the international capital markets, the Bank conducted an extensive ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold continues its impressive rally as market confidence in the soundness of the US administration wavers. The latest headline shaking investor sentiment emerged over the Easter weekend, with reports suggesting that President Trump is exploring ways to remove Federal Reserve Chairman Jerome Powell. Although the Fed’s independence has long been a pillar of financial stability, these developments are casting doubt over its future — and markets are responding. Trump has made no secret of his dissatisfaction with Powell’s monetary policy stance. On Wednesday, Powell warned that tariffs could lead to a temporary spike in both inflation and unemployment, possibly necessitating a rate hike. Trump promptly criticized the Fed Chair on Truth Social, accusing him ......read more
Strategic acquisition of Transmission Investment will support TAQA Transmission’s international growth plans and expands its capabilities in offshore transmission services and transmission infrastructure development Transmission Investment is one of the largest players in the United Kingdom’s offshore electricity transmission market and a prominent player in the country’s interconnector sector Abu Dhabi, UAE – 17 April 2025: Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, announced today that it has acquired 100% of Transmission Investment (“TI”), a leading UK-based energy and utility investment platform. TI is one of the largest ......read more
By Daniela Sabin Hathorn, senior market analyst at Capital.com Global markets opened the week under pressure, with major equity indices tumbling once again as volatility swept through the Asian session. The latest wave of selling follows China's announcement of retaliatory tariffs on the U.S., intensifying the fallout from last week's 'Liberation Day' tariff shock. Investors had hoped that the worst of the uncertainty would fade following the initial U.S. tariff announcements. Instead, the reality has proven more severe. With tariffs exceeding expectations and no sign of negotiations, markets are now increasingly pricing in the risk of a global recession—beginning with the U.S. This risk-off mood has triggered broad-based liquidation across asset classes. Even traditional safe havens have not been ......read more
Revenue surpasses $361 million in 2024, marking an 18% year-on-year increase EBITDA surged by 24.5% to reach $284,909,572 in 2024. Net income exceeds $264 million, reflecting 16% growth Dubai, UAE – April 6th 2025: MultiBank Group, the world's largest financial derivatives institution headquartered in Dubai, has achieved a record-breaking financial performance in 2024, reinforcing its status as a global industry leader. According to the latest audited financial statements, MultiBank Group’s revenue surged to $361,874,865, an 18% increase from $306,636,714 in 2023. Meanwhile, EBITDA skyrocketed by 24.5% to reach $284,909,572 compared to $228,792,229 in the previous year. This milestone highlights the Group’s global growth, technological-advancements, and its commitment to delivering exceptional value ......read more
Sukoon Takaful PJSC ("Sukoon Takaful") today announced its financial results for the year ended December 31, 2024, reporting a significant turnaround and a return to profitability. Following a comprehensive restructuring and integration with its parent company, Sukoon Insurance, the company has demonstrated strong financial performance and operational improvements. Sukoon Takaful reported AED 172.4 million in Gross Written Contribution (GWC) for 2024 and achieved a net profit before tax of AED 21 million, marking a successful turnaround. The company also boasts a robust solvency capital ratio of 174% (minimum regulatory requirement: 100%), underscoring its strong financial position and ability to meet policyholder obligations. This positive result reflects the effectiveness of strategic initiatives ......read more
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