Dubai: Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30 June 2025, reporting a net profit before tax of AED777.1 million, up 298 percent compared to the same period in 2024, underscoring strong investor confidence and the continued expansion of Dubai’s capital markets. According to Emirates News Agency, DFM experienced robust market performance during this period, with the DFM General Index (DFMGI) rising by 10.6 percent. This increase reflects both local market strength and a broader global shift in capital towards resilient, growth-oriented markets. The total market capitalisation also increased by a solid

Dubai: Commercial Bank International (CBI) today announced its financial results for the first half of 2025. Pre-tax net profit increased by 4% year-on-year from AED90 million in H1-24 to AED93 million in H1-25. The Bank reported a pre-tax net profit of AED48 million for Q2-25. According to Emirates News Agency, the operating profit increased by 134% year-on-year from AED68 million in H1-24 to AED158 million in H1-25, aided by gains on non-core asset disposals, and by 34% in Q2-25 year-on-year from AED33 million to AED45 million. The Bank’s net loans and advances grew by 3% from AED12.5 billion as of

Abu dhabi: For the fifth consecutive day, the UAE has continued its airdrop operations of humanitarian aid over the Gaza Strip, in coordination with the Hashemite Kingdom of Jordan. The mission is part of the ongoing “Birds of Goodness” operation, aimed at delivering urgent relief to hard-to-reach areas affected by the conflict. According to Emirates News Agency, today marked the 58th airdrop under Operation Chivalrous Knight 3, reaffirming the UAE’s steadfast commitment to supporting the Palestinian people and alleviating the severe humanitarian conditions in Gaza amid ongoing security challenges. With this latest operation, the total volume of airdropped humanitarian aid

Dubai: Dubai Airport Freezone (DAFZ), a member of the Dubai Integrated Economic Zones Authority (DIEZ), has signed a Memorandum of Understanding (MoU) with Zhuanzhuan Group, a leading Chinese firm specialising in secondhand goods trading. The agreement lays the foundation for a strategic partnership aimed at developing a cross-border supply chain for secondhand consumer goods from Dubai to the wider Middle East and global markets. According to Emirates News Agency, this collaboration reflects DAFZ’s commitment to advancing the circular economy by attracting pioneering businesses into the region and fostering a globally connected, innovation-driven business ecosystem across its economic zones. The initiative

Dubai: In a pioneering step to enhance the digital quality of life and reinforce Dubai’s position as a global hub for digital transformation, Digital Dubai has launched the first-ever virtual ‘Emirati Family’ created using artificial intelligence (AI). The initiative serves as an innovative platform for delivering government messages in a relatable, engaging, and accessible manner to all segments of society. According to Emirates News Agency, designed as an interactive digital interface, the AI-powered family represents Emirati society and reflects its values and aspirations. It also supports Dubai’s vision of a smarter, more sustainable future. Digital Dubai introduced the project with

Abu dhabi: The Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE (CBUAE), has announced the successful completion of the July 2025 auction for the UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED1.1 billion. According to Emirates News Agency, this issuance is part of the T-Sukuk issuance programme for 2025, as detailed on the MoF’s official website. The auction witnessed significant interest from eight primary dealers for the tranches maturing in August 2028 and May 2030. Total bids reached AED5.35 billion, indicating an oversubscription of nearly five times. This reflects strong investor confidence in the

Abu dhabi: Menassah Distribution Company, specialising in the distribution of Emirati books, is participating in the Madinah Book Fair, organised by the Literature, Publishing, and Translation Commission and held in KSA from 29th July to 4th August 2025. This participation aligns with Menassah’s ongoing efforts to strengthen the Emirati presence at regional cultural events and to support the Arab publishing and distribution movement. According to Emirates News Agency, Menassah’s stand will showcase works from 95 Emirati publishing houses, displaying 5,704 titles across various fields of knowledge, with a total of 1,332 books available for visitors. This opportunity enables attendees to

Abu dhabi: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today met with His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence. According to Emirates News Agency, the meeting was characterized by a cordial conversation in which Sheikh Hamdan bin Mohammed expressed his gratitude for the confidence shown by Sheikh Mohamed bin Zayed in promoting him to the rank of General. The discussion also covered several topics pertinent to national and citizens’ affairs. The gathering took place at Qasr Al Shati in Abu Dhabi and