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BusinessLatest Business and Company Updates

Mashreq Bank reported a 12% year-on-year decline in net profit for the first quarter of 2025, attributing the decrease to a contraction in net interest income following recent rate cuts by the UAE Central Bank. The Dubai-listed lender's net profit after tax for the quarter stood at AED 1.8 billion ,

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Dubai’s skyline is poised for a new addition as Dar Global, a London-listed luxury real estate developer, has appointed Edrafor Emirates LLC to carry out enabling and foundational works for the Trump International Hotel & Tower project along Sheikh Zayed

Sunteck Realty Ltd has launched its international arm, Sunteck International, and formally entered the UAE real-estate market with the unveiling of a 2.5-acre land parcel in Downtown Dubai. The site is positioned within seconds walking distance of the Burj Khalifa

BinDawood Holding Company has agreed to acquire a controlling 51% stake in UAE-based Wonder Bakery in a deal valued at 96.9 million dirhams, marking a significant step in the Saudi retailer’s regional expansion strategy and its push into food manufacturing. The