DUBAI/WAM Emirates Islamic’s quarterly profit surpassed the AED1 billion milestone for the first time, growing 24 percent year-on-year compared to the same period last year. The strong performance was supported by continued positive business sentiment in the UAE, which drove both funded and non-funded income higher. Total income rose 8 percent year-on-year to AED1.45 billion in Q1 2025. Operating profit ...

DUBAI/WAM Emirates NBD’s Profit before tax rose 56 percent to AED7.8 billion in the first quarter of 2025 as strong lending momentum, an improvement in deposit mix and new products drove an 11percent year-on-year increase in income. The bank said that the balance sheet surpassed the AED1 trillion milestone boosted by impressive loan and deposit growth from a buoyant regional ...

ABU DHABI/WAM A Forbes report has forecast that the financial technology (fintech) market in the UAE is expected to reach $3.56 billion in 2025, and $6.43 billion by 2030, with a compound annual growth rate (CAGR) of 12.56 percent, positioning the country among the fastest-growing global markets. The report, titled “What Can FinTech Learn From The UAE’s Rise As The ...