BusinessLatest Business and Company Updates
Emaar approves record dividend as growth accelerates
Emaar Properties has approved a dividend payout of AED8.8 billion following a strong financial performance for 2025, signalling confidence in its cash flows and long-term growth strategy. The decision was endorsed at the company’s annual general meeting, where shareholders backed a distribution equivalent to 100 per cent of capital. The approval
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Emirates NBD profit climbs on lending surge
Emirates NBD, Dubai’s largest bank by assets, posted a four per cent rise in full-year net profit on Monday, underpinned by record lending growth as borrowing demand strengthened across domestic and international markets. The lender said net profit reached 24 billion
UAE moves to ease tax burden on sports bodies
UAE authorities have introduced a targeted corporate tax exemption for specific sports entities, signalling a policy push to deepen the sector’s economic role while aligning regulation with global standards. The Ministry of Finance said Cabinet Decision No of 2026
Multiply Group deepens mobility footprint with 22.5% stake in Mwasalat
Abu Dhabi — Multiply Group PJSC’s subsidiary Emirates Driving Company PJSC has secured a 22.5 per cent shareholding in Mwasalat Holdings LLC, the Abu Dhabi-based transport operator, with an option to raise its stake to 50.6 per cent pending
