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UAE’s 10 largest banks see combined net income rise 8.4% q-o-q to AED 22.2 bn in 1Q
Growth was supported by a 59.3% q-o-q reduction in impairment charges and an 18% quarterly rise in net fee and…
Mashreq is now the first UAE bank to offer instant payments for SMEs
Plus: Pony.ai to launch robotaxi trials in Dubai this year
S&P sees Abu Dhabi’s GDP growing 2.5% this year
The emirate’s GDP grew by 3.8% last year
New industrial zones in Kezad and Rakez
The 130k sqm facility will be split across two zones, a Global Logistic Park and an AI Smart Manufacturing Park
Make it in the Emirates forum yields satellite manufacturing + raw material supply agreements
Space42, Adnoc, IHC among firms signing manufacturing partnerships
NSF sets up shop in Dubai
Plus: NMO taps Presight to build AI-powered media data hub
Fitch affirms Ras Al Khaimah’s long-term rating at A+ with a stable outlook
RAK’s GDP growth is expected to be boosted by the Wynn Al Marjan Island resort
Earnings season continues
Talabat saw a 24% uptick in its bottom line whilst Adnoc L&S’s sunk by 5%
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