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FAB Posts Dhs17.1bn Net Profit for 2024
First Abu Dhabi Bank has announced a net profit of Dhs17.1 billion for 2024, demonstrating solid financial performance despite ongoing economic challenges. The UAE’s largest lender in terms of assets reported an increase in its year-on-year profits, signalling strong resilience in its core operations and strategic initiatives.FAB's total operating
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Lifemart Introduces Pioneering Negative Price Eco-Bags
Dubai-based Lifemart, renowned for its commitment to health and sustainability, has unveiled an unprecedented initiative in eco-friendly retail: the world’s first negative price eco-bags. This innovative approach, launched in the Business Bay area, aims to address the growing concern over
Pound Surges to 13-Month High Against Dollar
British pound strengthened sharply following a surge in PMI data, climbing to $1.3129, the highest level since July 2023. The pound's upward momentum was bolstered by encouraging economic indicators, outpacing its performance against the euro and reaching a peak not
Strategic Partnership Boosts Maritime Operations at THE RIG
A strategic partnership has been forged between the Oil Park Development Company (OPDC) and International Maritime Industries (IMI) to advance the maritime operations of THE RIG, an ambitious offshore adventure tourism project in Saudi Arabia. This collaboration is set to
