Dubai: Dubai Islamic Bank (DIB) showcased another robust performance in the first half of 2025, with operating revenue of AED 6.4 billion, driving a 16% YoY increase in pre-tax profit to AED 4.3 billion. Double-digit growth in financing and deposits, coupled with improved asset quality, underpinned another historic milestone as the balance sheet surpassed the USD 100 billion mark. According to Emirates News Agency, net profit grew to AED3.7 bn as core business momentum continues, reflecting an improvement in cost of risk. Balance sheet expanded by 8% YTD to AED373 bn, surpassing the USD100 bn mark. Net Financing Assets grew

Hainan: China’s first commercial spaceport, the Hainan International Commercial Aerospace Launch Centre, recently completed two successful launches in just five days. The latest carrier rocket, the Long March-12, took off from the launch site’s No.2 pad and placed the seventh group of low-orbit internet satellites into preset orbit on Monday evening. Prior to that, the Long March-8A carrier rocket launched with success the sixth group of satellites for the internet constellation on July 30, from the Hainan commercial launch site’s No.1 pad. According to Emirates News Agency, Yang Tianliang, the chairman of the Hainan International Commercial Aerospace Launch Co, which

Khor fakkan: A 2.0 magnitude earthquake was recorded in Khor Fakkan at 20:35 (UAE time) on Tuesday, 5th August 2025. According to Emirates News Agency, the National Seismic Network of the National Centre of Meteorology (NCM) confirmed the occurrence of the earthquake. The NCM is responsible for monitoring seismic activities in the region and providing timely updates to the public. Local authorities have not reported any damage or injuries resulting from the earthquake. Residents in the area were advised to remain calm and follow any safety instructions provided by local emergency services.

Abu dhabi: The inaugural Abu Dhabi World Grappling Championship 2025 has concluded its three-day schedule at ADNEC Centre Al Ain with outstanding success. Organised by International Vision Sports Management (IVSM) under the banner of Abu Dhabi Jiu-Jitsu Pro (AJP), the event brought together more than 1000 athletes from over 60 countries to the Al Ain Region and has been widely praised for its world-class organisation, international turnout, and high competitive standards. According to Emirates News Agency, the event, held in partnership with the Department of Culture and Tourism – Abu Dhabi, marked a significant step forward in Al Ain Region’s

Gaza: Palestinian medical sources reported Monday that hospitals in the Gaza Strip received the bodies of 94 martyrs and 439 wounded individuals in the past 24 hours, including 29 aid-related victims, bringing the total number of aid martyrs to 1,516 and that of injuries to 10,067. According to Emirates News Agency, medical sources confirmed that 6,000 units of blood and blood products arrived in Gaza this evening. The units were donated by Palestinians in the northern governorates and delivered to World Health Organisation (WHO) warehouses in Deir al-Balah, in coordination with the WHO.

London: Powerful winds of over 100mph from Storm Floris have caused significant travel disruption, power outages, and the widespread cancellation of events across much of the UK. Central and northern Scotland bore the brunt of the severe weather on Monday, facing conditions more typical of a turbulent winter’s day. According to Emirates News Agency, the Met Office reported a peak gust of 134mph at the summit of Cairn Gorm in the Highlands, standing 1,245 metres above sea level. The strongest lowland gust, away from mountainous terrain, reached 80mph at South Uist in the Outer Hebrides.

Abu dhabi: The United Nations High Commissioner for Human Rights, Volker Trk, on Monday condemned the ongoing starvation in the Gaza Strip, describing it as ‘an affront to our collective humanity.’ According to Emirates News Agency, in a strongly worded statement, Trk reiterated his deep concern over the dire humanitarian situation, including the starvation of civilians and the treatment of hostages in Gaza. ‘The images of people starving in Gaza are heart-rending and intolerable. That we have reached this stage is an affront to our collective humanity,’ he said. Trk emphasised that the crisis serves as a stark reminder of

Seoul: The Republic of Korea’s foreign reserves rose for the second consecutive month in July, led by increased investment returns and new issuance of foreign exchange stabilization bonds, the central bank said Tuesday. The country’s foreign reserves stood at US$411.33 billion as of the end of July, up $1.13 billion from a month earlier, according to data from the Bank of Korea (BOK). According to Emirates News Agency, this marked the second consecutive monthly rise, as the figure rebounded from its lowest level in about five years following a two-month losing streak in June. The country’s International Monetary Fund (IMF)