Banking & Finance

Dubai Salik reports $204.6 million revenue surge in Q1 2025, marking 33.7 percent growth

Salik’s total chargeable trips reached 158.0 million, fueled by variable pricing and new gates

UAE Cybersecurity Council partners with e& UAE to launch Al Ain Innovation Center

The center will support applied research, talent development, and startup initiatives in critical technologies

Dubai RTA invites SMES to join 116 tenders, auctions until end of 2025

The program supports the Dubai Government’s Public-Private Partnership Strategy aimed at economic growth 

Dubai government launches world’s first crypto payments for cashless services

Dubai Finance partners with Crypto.com to revolutionize government payments with cryptocurrencies

UAE to issue $8 billion of local currency debt to support domestic capital market growth: S&P

The UAE's well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability

Dubai’s tech startup scene soars 135 percent, 127 startups supported in Q1 2025

Chamber events supported business, empowered startups, nurtured talent, and built partnerships

OMNIYAT debuts $500 million green sukuk on Nasdaq Dubai

Successful launch highlights conviction that profitability and a positive environmental impact are mutually reinforcing

ADNOC L&S reports $1.181 billion Q1 2025 revenue — 41 percent surge led by logistics and shipping gains

EBITDA rose by 20 percent to $343.6 million, driven by robust performance across all business segments

Dubai’s Parkin drives $37.2 million net profit in Q1 2025 amid expansion

Revenue rose 27 percent to $74.4 million, with strong operational performance citywide

Qatar Central Bank issues $796.4 million worth of bills

QCB detailed bill offerings, including QAR500 million maturing in 7 days at 4.61 percent

AD Ports Group’s Q1 2025 revenue surges to $1.25 billion, net profit climbs 16 percent

Group EBITDA rises to $310.4 million, with net profit soaring to $126.3 million

UAE Islamic finance industry surpasses $285 billion, new strategy to further boost growth: Fitch

The UAE Islamic finance industry is estimated to have reached over $285 billion at the end of Q1 2025

Dubai Taxi Company posts $160.2 million in Q1 2025 revenue, up 5 percent YoY

Strategic Bolt partnership impacted short-term profits as DTC eyes long-term growth

Qatar Central Bank sees 3.58 percent rise in foreign reserves to $70.5 billion in April 2025

The official reserves include bonds, foreign treasury bills, gold, and Special Drawing Rights (SDRs)

UAE FTA offers relief from penalties for late corporate tax registration

Late submission of tax registration applications now eligible for penalty waivers within specified deadlines

UAE hosts its first-ever BRICS meeting, explores financing public-private partnerships and infrastructure

UAE aims to establish a sustainable platform for exchanging expertise between BRICS countries

Qatar’s Islamic finance assets soar to $190.6 billion in 2024, dominating 97 percent of market

Qatar's islamic banking surged to $160.9 billion, outperforming conventional banks

ADQ’s $2 billion dual-tranche bond oversubscribed more than 3.5 times

Proceeds will provide growth capital and fund projects that advance ADQ's mandate and long-term growth ambitions

Dubai emerges as a global financial hub with DFM foreign investor participation hitting 85 percent

Chinese corporations are increasingly turning to Dubai, with over $22 billion in debt on the exchange at the end of 2024

China slashes interest rates, injects $138 billion liquidity to counter U.S. trade tensions

U.S. and Chinese officials prepare for crucial talks in Switzerland to ease trade tensions 

Visa and Whish Money partner to elevate digital payment solutions across Lebanon, international markets

The collaboration enables Whish Money to integrate Visa’s advanced payment technologies for improved services

UAE Cabinet approves Strategy for Islamic Finance and Halal Industry

The strategy aims to increase the assets of UAE Islamic banks from AED986 billion to AED2.56 trillion within six years