🇦🇪UAE Legal News

Stock markets across the Gulf traded higher on Thursday, with investors drawing confidence from a wave of upbeat corporate earnings and renewed speculation that tensions between Washington and Tehran could ease in the coming weeks. Saudi Arabia’s main index edged up 0.2%, helped by a strong rally in energy and technology-linked stocks. ACWA Power climbed …

Gulf Equities Advance as Earnings Cheer Markets, Iran Diplomacy Hopes Add Momentum Read More »

Even as conflict rattled Middle Eastern air corridors and fuel costs surged, Emirates managed to close its financial year with the strongest profit performance in its history, underlining the resilience of long-haul travel demand and Dubai’s role as a global aviation crossroads. The Dubai carrier reported a net profit after tax of $5.4 billion for …

Emirates Defies Regional Turbulence With Highest-Ever Annual Profit Read More »

The Middle East debt market may be navigating geopolitical turbulence, but investors still lined up eagerly for paper from the UAE’s biggest lender. First Abu Dhabi Bank locked in $700 million through a five-year sukuk deal on Wednesday, attracting orders that climbed beyond $1.5 billion before books closed. The Islamic issuance, structured under a Wakala …

FAB Draws Heavy Demand as Gulf Debt Market Finds Its Footing Again Read More »

Egypt’s push to revive its long-promised state privatisation programme has entered a faster, more demanding phase, with authorities giving a group of government-linked firms until the end of May to line up key advisers for potential stock market offerings. According to officials overseeing the programme, 12 state-owned companies that recently received temporary listings are now …

Cairo Tightens the Clock on State Listings as IPO Drive Faces Pressure Read More »

Air India Express is back in the Gulf skies with a familiar hum. The airline has restarted services to Bahrain and Qatar, marking a renewed push into key Middle East corridors while quietly expanding its footprint across the wider region. The relaunch, effective from April 30, reconnects a dense web of Indian cities—spanning both major …

Gulf Routes Reignite as Air India Express Rebuilds Regional Network Read More »

Commercial Bank International opened 2026 on a measured note, delivering a net profit of AED47.1 million for the first quarter, equivalent to $12.82 million, as core operations showed resilience despite a notable drag from non-interest income. The bank’s pre-tax earnings climbed 14 percent year-on-year to AED52.1 million, supported by a 7 percent rise in net …

CBI’s Early 2026 Scorecard: Steady Gains Mask a Dip in Fee-Driven Income Read More »

The Bank of Sharjah has capped off a standout financial year with shareholder rewards, approving a 6.5% cash dividend after delivering a sharp jump in earnings that underscored its renewed momentum. At its annual general meeting, the bank signed off on its financial results and key resolutions, including the continuation of its external audit partnership …

Sharjah Lender Caps Breakout Year With Dividend Boost After Profit Surge Read More »

The financial engine that powered LIV Golf’s explosive arrival is set to wind down, forcing the league into a defining moment about its future. Saudi Arabia’s Public Investment Fund (PIF), which poured more than $5 billion into the breakaway circuit since its flashy debut in 2022, has decided the project no longer aligns with its …

LIV Golf Faces Financial Crossroads as Saudi Backers Step Away Read More »

Mashreq opened the year with a steady surge in earnings, posting a net profit of AED1.927 billion for the first quarter of 2026—an 8 percent rise from a year earlier. Before taxes, profit reached AED2.28 billion, underlining a broadly positive start despite a shifting regional backdrop. Revenue growth kept pace with the upbeat performance. The …

Mashreq Starts 2026 on Firm Footing as Profit Climbs and Balance Sheet Expands Read More »

Credit Agricole Egypt opened the year on a softer note, with first-quarter earnings dipping as mounting provisions and a heavier tax bill clipped the bank’s bottom line. Net profit edged down 2.9% year-on-year to EGP 1.80 billion, even as the lender’s core business showed steady momentum. The drag came largely from a sharp spike in …

Profit Takes a Breather: Credit Agricole Egypt Feels the Weight of Rising Costs Read More »