Latest Business and Economy News from Dubai

Mubadala Energy Completes the Acquisition from Eni of a 15 Percent Interest in Egypt's Nargis Concession

Abu Dhabi, 19 February 2026: Mubadala Energy, the Abu Dhabi headquartered international energy company, announces that it has completed the acquisition from Eni of a 15 percent participating interest in the Nargis Offshore Area ('Nargis') concession, an offshore exploration block in Egypt.In the concession, Eni now holds a 30 percent of the Contractor interest through its subsidiary, IEOC. The concession is operated by Chevron, with a 45 percent Contractor interest, with the remaining 10 percent interest owned by Tharwa Petroleum Company. The concession is in participation with the Egyptian Natural Gas Holding Company ......read fill news

RAKEZ and National Bank of Fujairah renew partnership to offer integrated banking solutions for businesses

Dubai, United Arab Emirates, 18 February 2026: Ras Al Khaimah Economic Zone (RAKEZ) and National Bank of Fujairah PJSC (NBF) have recently renewed their strategic partnership through the signing of a Memorandum of Understanding, aimed at further enabling RAKEZ-registered businesses to access a full suite of integrated banking solutions designed to support SMEs and corporates at different stages of growth.Building on a long-standing collaboration, the renewed partnership reinforces NBF's role as one of RAKEZ's preferred banking partners and reflects both entities' shared commitment to simplifying the business journey and ......read fill news

Ooredoo Kuwait Strengthens Its Support for Digital Content Creation Through “51” Platform at KON Conference

Nouf Al-Mashaan: 51 is a national project exporting Kuwait’s media identity to the Arab world and strengthening its regional digital presenceStrategic partnership with the Ministry of Information to build a sustainable digital ecosystem that supports creativity and expands the reach of Kuwaiti contentKuwait – February 16, 2026Ooredoo Kuwait announced its participation as a main strategic sponsor of the Kuwait Annual Content Creators Conference (KON), held on February 12–13. The event brought together content creators, digital platforms,leading brands, and industry experts from across the Arab world to discuss the ......read fill news

KIB signs cooperation agreement with Lothan Hospital to offer 0% medical financing

Kuwait, 15 February 2026: Kuwait International Bank (KIB) announced the signing of a cooperation agreement with Lothan Hospital, one of Kuwait’s leading specialized medical institutions. The agreement reflects the Bank’s commitment to providing integrated solutions and value-added benefits that facilitate customers’ access to healthcare services and contribute to enhancing their quality of life.The agreement was signed on behalf of KIB by Othman Tawfeqe, General Manager of Retail Banking, while Lothan Hospital was represented by the CEO and Board Member, Abdullah Ahmed Alsebeih. The partnership aims to offer a range of ......read fill news

KIB signs a cooperation agreement with ACICO to provide affordable financing solutions for citizens to build their residential plot

Kuwait, 14 February 2026: Kuwait International Bank (KIB) announced the signing of a strategic cooperation agreement with ACICO Group, a leader in the construction and industrial sectors. The announcement was made during a meeting held to mark the partnership, which aims to offer affordable financing solutions and exclusive incentives for citizens seeking to build their residential plots, in line with their aspirations and the growing demands of the real estate and construction sectors. The agreement was signed by Othman Tawfeqe, General Manager of Retail Banking at KIB, and Ahmed Ghassan Al-Khaled, Vice Chairman at ACICO Group.This step ......read fill news

Orient Insurance Achieves AED 836 Million Profit in 2025, Up 14.4% Amid Strong Financial Results

Dubai, United Arab Emirates; 13 February 2026: Orient Insurance, the leading UAE insurance provider and a subsidiary of Al-Futtaim, today has announced its preliminary financial results for the year ending 31 December 2025. The company demonstrated remarkable growth and operational excellence, underscoring its strategic focus and resilience in a dynamic market environment.Key Financial Highlights for FY 2025:• Gross Written Premium: AED 10.78 billion, a 19.3% increase from AED 9.04 billion in 2024• Insurance Revenue: AED 9.23 billion, up 21.4% from AED 7.60 billion in 2024• Net Profit After Tax: AED 836 ......read fill news

Tabreed Reports FY 2025 Revenue of AED 2.46 Billion as Capacity Growth and Strategic Execution Drive Platform Resilience

Connected capacity increased 19% YoY to 1.57 million Refrigeration Tons Revenue of AED 2.46 billion and EBITDA at AED 1.27 billion, with a margin of 51.6%Abu Dhabi, United Arab Emirates – 13 February 2026: National Central Cooling Company PJSC (DFM: TABREED / ISIN: AEA002201018), the world's leading and most diversified district cooling company, today announced its results for the period ending 31 December 2025, reporting revenues of AED 2.46 billion and net profit of AED 465 million. The results reflect continued operational resilience, record capacity expansion and disciplined capital execution.Total ......read fill news

Nasser Bin Khaled Heavy Equipment Showcases Advanced Agricultural and Landscaping Solutions at AgriteQ 2026

Doha, Qatar – February 12, 2026: Nasser Bin Khaled Heavy Equipment is participating in the 13th edition of the Qatar International Agricultural Exhibition (AgriteQ 2026), taking place from February 12 to 16 at Katara Cultural Village.Recognised as one of the region's leading agricultural platforms, AgriteQ 2026 brings together more than 300 local and international exhibitors to present the latest technologies, machinery and sustainable solutions shaping the future of farming. The exhibition serves as a vital meeting point for industry leaders, policymakers and agricultural specialists to exchange expertise, explore ......read fill news

H&h and mubadala partner to launch eden house on Al Maryah Island, Abu Dhabi

Abu Dhabi, UAE, 12, February 2026– H&H, a Dubai-based developer renowned for design excellence and a portfolio of best-in-class developments, today announced a landmark partnership with Mubadala Investment Company 'Mubadala', Abu Dhabi based sovereign investor to bring the esteemed Eden House brand to Abu Dhabi. The new development, strategically located on Al Maryah Island within ADGM, the International financial centre of Abu Dhabi, solidifies a shared vision to deliver a new benchmark for sophisticated, high-end residential living while strengthening the UAE's luxury residential ecosystem. This strategic venture ......read fill news

Burgan Bank and Kuwait Fire Force Launch a Safety Awareness Campaign During Camping Season

Under the theme “Driven by You and Your Safety is Our Responsibility” The campaign aims to raise awareness of camping related safety procedures and reduce the risk of accidents. Active participation from management and volunteer employees underscores the Bank's commitment to community engagement and its involvement in social campaigns and events. Field visits were conducted at several locations and camping safety kits, containing essential camping equipment, were distributed.Kuwait, 11 February 2026 Stemming from its national role in supporting community safety and promoting responsible behaviors, ......read fill news

Burjeel Holdings Delivers 39.5% Net Profit Growth in 2025

Reported revenue of AED 5,501 million, up 9.8% YoY for 2025. Full-year EBITDA rose 19.9% to AED 1,089 million, with the EBITDA margin improving to 19.8% from 18.1% in 2024. Q4 2025 delivered particularly strong performance, with net profit surging 159.9% YoY. Abu Dhabi, 10 February 2026: Burjeel Holdings, a leading super-specialty healthcare services provider in the MENA, today announced its unaudited preliminary financial results for the year ended December 31, 2025.Burjeel Holdings delivered robust revenue of AED 5,501 million, up 9.8% YoY, while total patient visits exceeded 7 million, growing 8.4% YoY. Growth was driven ......read fill news

IsDB, Uzbekistan Sign Financing Agreements in AlUla for Transport and Education Sectors

AlUla, February 08, 2026, SPA -- Islamic Development Bank (IsDB) Group President Dr. Muhammad Al-Jasser and Uzbekistan's Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov signed financing agreements to support key infrastructure and social development projects on the sidelines of the Second AlUla Conference on Emerging Market Economies.The two sides also held talks to expand cooperation between the IsDB and Uzbekistan, focusing on accelerating high-impact initiatives aligned with Uzbekistan's national development priorities.The first agreement covers a $70 million phase of the IsDB’s total $192 ......read fill news

du reports its Q4 and 2025 results, sustaining strong growth and profitability momentum

2025 revenues increased by an exceptional 8.7% to AED 15.9 billion and net profit jumped by 16.8% Historical annual dividend of 64 fils per share, an 18.5% increase y-o-yDubai, UAE. 9 February 2026 – Emirates Integrated Telecommunications Company PJSC (du) announced its financial results for the fourth quarter and full year ended 31 December 2025, delivering a strong performance driven by a disciplined execution of its strategy and continued operational excellence. We achieved a balanced revenue growth alongside rigorous cost management translating into robust top- and bottom-line results. In 2025, revenues increased by ......read fill news

Rasmal Ventures Welcomes Snoonu Founder as a Backer of its Flagship Fund

Doha, Qatar — February 9, 2026: Rasmal Ventures announced that Hamad Al-Hajri, Founder and CEO of Snoonu, has joined as an investor in its flagship vehicle, Rasmal Innovation Fund I, which is backed by the Qatar Investment Authority, with the willingness to also be involved in the future parallel funds that Rasmal Ventures will launch.The investment reflects a shared belief that the next wave of category-defining technology companies will emerge where exceptional founder ambition meets long-term institutional capital and globally connected ecosystems, a convergence that is becoming increasingly pronounced across the GCC.For ......read fill news

Mangusteen marks five years of excellence across the gcc

Doha, Qatar – 9 February 2026 – MANGUSTEEN Middle East marked its fifth anniversary with a milestone celebration held at Pullman Doha West Bay, bringing together over 100 guests including clients, partners, industry leaders, and team members from across its regional offices in Qatar, Oman, Saudi, and the UAE.Founded in Qatar as a boutique events venture, Mangusteen has evolved over the past five years into a regional events and experiences company with a growing footprint across the GCC. This journey reflects the company's long-term commitment to excellence, collaboration, and contributing to the advancement of the ......read fill news

KIB wins IFN's “Regulatory Deal of the Year 2025” award for its USD 300 million sustainable Sukuk issuance

Kuwait, 8 February 2026: Kuwait International Bank (KIB) announced that it has won the “Regulatory Deal of the Year 2025” award for its USD 300 million sustainable Sukuk, issued last year as part of its Tier 2 capital.This recognition from the globally renowned Islamic Finance News (IFN) highlights the exceptional success of the issuance, which was recognized as the first of its kind for sustainable Sukuk issued by a Kuwaiti institution. These Sukuk also achieved remarkable success by recording the highest oversubscription rate of an issuance by a financial institution in the Middle East and North Africa (MENA) region during ......read fill news

Dukhan Bank and Dibsy Announce Strategic Partnership to Advance Open Banking in Qatar

Doha, Qatar – xx February 2026: Dukhan Bank has announced a strategic partnership with Dibsy to support the advancement of Open Banking in the State of Qatar, reinforcing the Bank’s leadership in digital transformation and future-ready Islamic banking models.Announced on the sidelines of Web Summit Qatar, the partnership reflects a shared commitment to fostering financial innovation and contributing to the development of a more open, efficient, and integrated financial sector aligned with national priorities.Through its advanced banking infrastructure and digital capabilities, Dukhan Bank will support the development of ......read fill news

Dukhan Bank Launches Qatar's First QDI-Integrated Digital Onboarding Kiosk

Doha, Qatar – 7 February 2026: Dukhan Bank has announced the launch of Qatar’s first digital onboarding kiosk integrated with Qatar Digital Identity (QDI), marking a national first in secure, government-linked customer onboarding and reinforcing the Bank’s leadership in digital Islamic banking innovation.The self-service kiosk, available 24/7 at Dukhan Bank’s headquarters in Lusail, enables customers to open accounts through a fully digital, paperless journey. By leveraging direct integration with QDI, the solution delivers faster onboarding, enhanced identity assurance, and a trusted experience aligned with ......read fill news

Burgan Bank Organizes a Financial Literacy Workshop and Tour of its Head Office for Students of the American United School as Part of the "Let's Be Aware" Campaign

In line with the Bank’s “Teach Them Young” CSR programKuwait, 8 February 2026Expanding on its robust strategy for investing in Kuwait’s national talents and equipping future-ready youths to lead the banking sector, Burgan Bank hosted the American United School (AUS) high school students at the head office, as part of “Teach Them Young”, Burgan Bank’s youth-focused corporate social responsibility (CSR) initiative.The field visit covered several topics, including the history of banks and the evolution of the banking profession, modern digital banking services, safety practices against ......read fill news

Ooredoo Kuwait Group reported strong 9% growth in revenue to reach KWD 774 million in 2025

Dividend of 150 fils per share recommendedKuwait City, Kuwait: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its financial results for the year ended 31 December 2025: Financial Highlights: Consolidated revenue increased by a strong 9% to KWD 774 million in 2025, compared to KWD 711 million in 2024. Revenue growth was supported by the strong operational performances in Algeria, Tunisia and Kuwait. Consolidated customer base increased by 3% to 27.4 million in 2025 compared to 26.6 million in 2024. EBITDA increased by 20% in 2025 to reach KWD 313 ......read fill news

Dukhan Bank Signs Exploratory MoU with PayLater to Assess Deferred Payment Solutions

Doha, Qatar – February 4, 2026: Dukhan Bank has signed an exploratory Memorandum of Understanding (MoU) with PayLater, a Qatar-based financial technology company offering deferred payment solutions, on the sidelines of Web Summit Qatar 2026.The counterparty operates as a deferred payment service provider. Any potential collaboration remains subject to regulatory approvals, Dukhan Bank’s internal policies, and applicable governance requirements.The MoU establishes a formal, non-commercial framework through which both parties will assess potential areas of collaboration related to deferred payment solutions. The exploratory ......read fill news

Dukhan Bank Signs MoU with Sadad and Skip Cash to Explore SME, Merchant Banking, and Payment Acceptance Collaboration

Doha, Qatar – FEBURARY 3 2026: Dukhan Bank has signed separate Memoranda of Understanding (MoUs) with Sadad and Skip Cash, two Qatar-based payment services providers licensed by Qatar Central Bank, on the sidelines of Web Summit Qatar 2026. The MoUs establish structured frameworks to assess potential collaboration opportunities related to SME banking, merchant banking, and payment acceptance services, subject to Dukhan Bank’s internal policies, regulatory requirements, and applicable laws.Under the respective MoUs, Dukhan Bank will assess opportunities to position itself as a preferred banking partner for merchants operating ......read fill news

IsDB Chair Meets Djiboutian Minister of Economy, Finance

Jeddah, February 4, 2026, SPA -- Islamic Development Bank (IsDB) Group Chairman Dr. Muhammad Al Jasser met yesterday in Jeddah with Djiboutian Minister of Economy and Finance Ilyas Moussa Dawaleh.The meeting focused on strengthening the strategic partnership and initial measures aligned with Djibouti’s national economic and investment development agenda, as well as discussing future cooperation, including preparations for a participation framework with the scheduled countries in 2027.Dr. Al Jasser affirmed IsDB’s commitment to supporting the health sector, urban development, food security, and inclusive and sustainable ......read fill news

Hydrovest Technology Secures QAR 1 Million Investment to Accelerate Smart-Agri Expansion and New Product Launches

Funding to scale Lettuce Chips production, open new factory, introduce product lines and Japanese Melon cultivation, and expand into Dubai in Q4 2026Doha, February 1, 2026: Hydrovest Technology Trading and Contracting W.L.L, a Doha-based company that develops climate-smart agricultural solutions, crops, and value-added products, today announced the successful close of an investment round totaling QAR 1,000,000.The funding will be deployed to accelerate commercial production, complete a factory fit-out in Birkat Al Awamar, Logistic Park A, Al Wakrah, scale R&D collaborations, and support market expansion into the UAE in Q4 ......read fill news

Lg Electronics releases fourth-quarter and full-year 2025 financial results

Annual Revenue Reaches a Record USD 61.9 Billion, as HS and VS Extend Decade-Long Growth News Summary: LG Electronics achieved its highest-ever annual revenue for the second consecutive year. HS and VS recorded growth for the tenth consecutive year since 2015, despite U.S. tariff-related pressures and a slowdown in the electric vehicle market. Operating profit declined year-on-year, reflecting increased marketing expenditures for display-based products and one-off costs related to organizational optimization. Strategic growth areas – including B2B segments, non-hardware businesses and D2C models – ......read fill news

ADNOC Distribution Announces Record Results for 2025

Record full-year EBITDA of $1,166 million, up 11.1% YoY Record full-year net profit of $761 million, up 15.4% YoY, driven by growth momentum across all business verticals Fuel volumes increased by 4.5% YoY to 15.7 billion liters in 2025 Non-fuel retail gross profit increased 14.4% YoY, with non-fuel retail transactions up 9.3% YoY Key milestone reached with network expanded to over 1000 service stations, up 13% YoY The company has proposed a dividend of $350 million for the second half of 2025, bringing the total 2025 dividend to $700 millionAbu Dhabi, UAE – February 3, 2026: ADNOC Distribution (ISIN: AEA006101017) ......read fill news

TECOM Group achieves record revenues of AED 2.9 billion in 2025 as recurring net profit increases by 20%, the fourth consecutive year of strong growth and outstanding performance

TECOM Group FY 2025 revenues increase by 19% year-on-year (YoY), driven by strategic portfolio expansion and robust performance across all business segments EBITDA reached AED 2.2 billion in 2025, representing YoY growth of 20%, with a robust 78% margin, underpinned by the Group's effective operational performance Recurring net profit for 2025 increased 20% YoY to AED 1.5 billion, underpinned by effective cost management and optimised financing, underscoring the success of the Group's strategy in ensuring long-term shareholder value Funds from Operations (FFO) grew 19% to AED 2 billion, led by stronger performance from ......read fill news

Dukhan Bank and Teyseer Group Sign MoU to Explore Integrated Banking, Technology, and Financing Solutions for SMEs and Startups

Doha, Qatar – 02 February 2026: Dukhan Bank has signed a Memorandum of Understanding (MoU) with Teyseer Group on the sidelines of Web Summit Qatar, establishing a structured framework to explore potential areas of collaboration aimed at supporting startups, SMEs, and employee segments through integrated banking, technology, and financing solutions, subject to regulatory approvals and internal governance requirements.Under the MoU, the parties will explore joint onboarding propositions for startups and SMEs, including bundled offerings that combine Dukhan Bank’s startup and SME banking solutions with technology products and ......read fill news

The DFSA fines reinsurance broker USD 455,176 for engaging in misleading and deceptive conduct

Dubai, United Arab Emirates, 2 February 2026: The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has imposed a fine of USD 455,176 (AED 1,671,633) on reinsurance brokerage Ed Broking (MENA) Limited (the Firm), for a number of contraventions of DFSA legislation, including engaging in misleading and deceptive conduct.The Firm agreed to settle the matter and pay a fine which comprises disgorgement of USD 175,343 (USD 148,039 plus interest of USD 27,304) and a penalty of USD 279,833. The fine was reduced from USD 575,104 (AED ......read fill news

Dukhan Bank Becomes the First Bank in Qatar to Launch a Digital Onboarding Kiosk

Doha, Qatar – February 1, 2026: Dukhan Bank has announced the launch of Qatar’s first self-service digital onboarding kiosk, marking a significant milestone in secure, customer-centric banking innovation.The new kiosk is available 24 hours a day, seven days a week at Dukhan Bank’s headquarters in Lusail, enabling customers to open accounts through a fully digital, paperless process designed to deliver speed, trust, and convenience. The launch reinforces Dukhan Bank’s continued commitment to advancing digital banking solutions.The kiosk integrates advanced verification technologies, including biometric liveness ......read fill news

KIB hosts its first specialized panel discussion on the valuation of industrial plots and the impact of regulatory decisions

Kuwait, 31 January 2026: Kuwait International Bank (KIB) recently hosted its first panel discussion, titled “Valuation of Industrial Plots and the Impact of Regulatory Decisions,” as part of efforts to strengthen institutional collaboration and advance professional practices in the real estate valuation sector. The event was held in collaboration with the Kuwait Real Estate Valuers Association and Kuwait Finance House (KFH).The panel discussion, held at the KIB Mubader Center, attracted a distinguished audience of specialists and professionals from the real estate sector. The organizing entities underscored the importance of ......read fill news

Sukoon takaful sustains strong financial performance with record growth in 2025

January 29, 2026 Dubai, United Arab Emirates Sukoon Takaful has announced its financial results for the year ended 31 December 2025, delivering a year of exceptional profitable growth and strong financial performance. The company reported record contribution levels and a substantial improvement in profitability, reflecting the success of its postacquisition transformation and its renewed strategic focus on operational excellence. Gross written contributions for the year surged to AED 325.4 million, an 89% year-on-year increase, driven by broad-based growth across all major business segments. Profits before tax rose sharply to AED 41.1 ......read fill news

TCL deepens Partnership with Arsenal, Announces Bukayo Saka as Brand Ambassador Kicking off the collaboration with the launch of the ‘Inspire Greatness, Together' campaign

UAE, Dubai – January 27, 2026 – TCL, a global leader in consumer electronics and the world’s No. 1 Mini LED and ultra-large TV brand, proudly announces Arsenal’s Bukayo Saka as its Brand Ambassador. It marks a significant milestone in strengthening the brand’s global partnership with Arsenal Football Club, where TCL serves as Official Global Consumer Electronics Partner.TCL has recently teamed up with Arsenal and Bukayo Saka with the launch of ‘Inspire Greatness, Together’, a new campaign that celebrates how football brings people together through moments on and off the pitch. It reflects the ......read fill news

RAKBANK delivers D 2.6B in profit* (up 26%) and crosses D 100B in total assets

Ras Al Khaimah, United Arab Emirates, January 27, 2026 - The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for the full year and the fourth quarter of 2025.50 years of sustainable growth – all-time high profitability...FY’25 performance supported by net interest margin of 4.3%, an industry leading CASA ratio of 65%, and a 29% YoY growth in non-interest income driven by wealth management, FX and investment income ...driven by product innovation & balance sheet growthThe Bank’s balance sheet grew by D 16.7B YoY with Gross Loans & Advances growing by 11.7% YoY to ......read fill news

Emrill reports 9% revenue growth in 2025, exceeding annual targets

Emrill, one of the UAE’s leading total facilities management providers, has recorded strong performance in 2025, reflected in revenue growth, a high volume of contract wins and a solid rate of contract renewals across its portfolio.During 2025, Emrill secured over 70 new contract wins, further strengthening its market position. The company now manages more than 265 active contracts, reflecting the scale of its operations and its long-term client partnerships, underscoring the consistency of its service delivery to both new and existing clients.This performance has resulted in a 9 per cent increase in revenue in 2025, with the ......read fill news

Construction milestone at EGA's UAE aluminium recycling plant as melting furnace charged for first time

Abu Dhabi, United Arab Emirates, 26 January 2026: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced that the giant melting furnace at the company's under-construction aluminium recycling plant at Al Taweelah has been charged with scrap metal for the first time, in a major construction milestone.Completion of construction is expected by the end of the first quarter of 2026.EGA's Al Taweelah recycling plant will have a production capacity of 185 thousand tonnes per year, making it the UAE's largest. The new plant will process post-consumer ......read fill news

Burgan Bank and Kamco Invest to host their third Investment Conference, bringing together thought leaders and industry experts

Kuwait, 6 January 2026: Burgan Bank and Kamco Invest are set to host the third edition of their exclusive Investment Conference at St. Regis Kuwait on Monday, February 2nd, 2026. Building on the strong foundation of the previous editions, the event will convene an elite gathering of thought leaders, industry experts, and institutional investors for insightful discussions on critical topics shaping the global economy, geopolitics, and diverse asset classes.As global markets continue to evolve amid geopolitical shifts, rapid technological advancement, and changing macroeconomic dynamics, the conference is firmly positioned as ......read fill news

RAKBANK Receives In-Principle Approval to Launch an AED-Backed Stablecoin

Ras Al Khaimah, United Arab Emirates, January 7th, 2026 – RAKBANK announced today that it has received in-principle approval from the Central Bank of the UAE (CBUAE) to issue an AED-backed payment token i.e., stablecoin, subject to the completion of regulatory and operational requirements.This marks an important step in RAKBANK’s digital assets journey and reflects the Bank’s commitment to developing regulated, secure and transparent financial solutions aligned with the UAE’s evolving digital economy framework.This development builds on RAKBANK’s growing capabilities in digital asset ......read fill news

Dukhan Bank Announces December Winners in Thara'a Savings Account Prize Draw

Doha, Qatar – 14 December 2025 – Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters. The draw was conducted on 10 December, under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry.In this month’s draw, Golam Sultan won the top prize of QAR 50,000, while the following winners each received QAR 5,000: Sami Almasalha, Abdulaziz Al-Muhannadi, Jamal Saleh, Mohammed Gazdhar, Abdulla Al-Abdulla, Moza Alkaabi, Abdullah Suleiman, Ali ......read fill news

Snoonu and PayLater Bring BNPL to Snoonu Market

Doha, Qatar – 18/11/2025: Snoonu, Qatar’s leading super app, has officially activated its strategic partnership with PayLater, the first licensed platform in Qatar to provide Buy Now, Pay Later (BNPL) services, enabling customers to shop their favorite items on Snoonu Market and pay in interest-free installments. What began as a pioneering Memorandum of Understanding (MoU) earlier this year has now materialized into a fully live feature on Snoonu Market, empowering customers with greater financial flexibility as they shop.With this new feature, shoppers can now purchase a wide variety of products, including electronics, home ......read fill news

Digital innovation in finance: The UAE's journey toward smarter finance

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 revolutionThe 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 ......read fill news

LG releases third-quarter 2025 financial results

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 ......read fill news

National Bank of Fujairah PJSC Management Discussion and Analysis Report

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 2025NBF 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 ......read fill news

QIC Q3 Financial Results

Qatar Insurance Company (QIC) has already released its financial results for Q3 2025. The results were approved by the Board of Directors on October 28, 2025, and released on October 29, 2025. QIC Q3 2025 Financial Highlights Net Profit (after tax): QAR 588 million, a 12% increase compared to QAR 525 million for the same period in 2024. Gross Written Premiums: Reached QAR 7.9 billion for the first nine months of 2025. Net Profit before Pillar II tax: Increased by 23% to QAR 588 million. Earnings per Share: Increased to QAR 0.135 from QAR 0.118 in the same period of the prior year. Investment Performance: The ......read fill news

Emirates Stallions Group Reports Delivers Standout 9M 2025 Results, Driving Revenue 19% to AED 1.07 Billion and Operating Profit 38% to AED 208.8 Million

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 ......read fill news

Ooredoo Kuwait Group reported solid revenue growth of 9% to reach KWD 573 million for nine-month period ended 30 September 2025

Earnings per share of 136 fils Sheikh Nasser Bin Hamad Bin Nasser Al Thani : Net profit attributable to the company rises by more than 60% to KWD 68 million Strengthening shareholder value through sustainable growth, continuous innovation, and outstanding executionAbdulaziz Yaqoub Al-Babtain: Earnings per share up by 62% to 136 fils Our partnerships and projects with both the public and private sectors reaffirm our leadership in Kuwait’s technological advancementKuwait City, Kuwait: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced today its ......read fill news

Commercial Bank of Dubai Achieves Record Profit in Q3, Marking 21 Quarters of Consecutive Growth

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 efficiencyDubai, 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 ......read fill news

Dukhan Bank Announces October Winners in Thara'a Savings Account Prize Draw

Doha, Qatar – 12 October 2025 – Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters. The draw was conducted on xx, under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry.In this month’s draw, Qassem Alyafeai won the top prize of QAR 50,000, while the following winners each received QAR 5,000: Irfan Malik Fayyaz Malik, Badriya Hassan, Sara Al-Hassan, Mohsin Bani Basheer, Mubarak Al-Naimi, Adel Abuzaid, Hassan Falahi, Ahmed ......read fill news

QIC Crowned “Insurance Company of the Year in Qatar”

The company has been recognized at The Asset Triple A Private Capital Awards for its digital innovation, customer service excellence, and financial strengthDoha, Qatar – 9 October 2025: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned “Insurance Company of the Year in Qatar” at The Asset Triple A Private Capital Awards 2025.The Asset's winners announcement report praised QIC’s consistent ability to stand out as a leading insurer across the GCC, driven by its innovation, customer-first approach, and financial strength. The report also highlighted QIC’s ......read fill news

Mandarin Oriental, Doha Upholds Its Dedication to Community Care with Wa'hab Food Bank

Doha, September 2025 – Mandarin Oriental is committed to contributing to the communities in which we operate, guided by our Group-wide sustainability mission ‘Act with Responsibility.’ At Mandarin Oriental, Doha, this commitment is reflected in initiatives that combine sustainability with meaningful social impact, reinforcing the hotel’s role as a responsible and engaged member of the Qatari community.Mandarin Oriental, Doha recently concluded a series of three visits in collaboration with Wa’hab Food Bank, engaging 74 colleagues from across the hotel. Together, they prepared and distributed 640 thoughtfully ......read fill news