The banking industry cannot continue tinkering with AI, it needs to embrace expertly designed systems that can address real world problems, says Patrick Sullivan, CEO of Parliament Street think tank The post GCC banks eye $100bn upside from agentic AI appeared first on Gulf Business.
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Artificial intelligence has moved from experimentation to a defining force, reshaping economies, industries, and societies while demanding purposeful and responsible adoption The post The AI arms race: How is technology disrupting economies? appeared first on Gulf Business.
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The role of chief financial and group services officer at Emirates Group oversees financial planning and analysis, reporting, treasury, risk management The post Emirates Group CFO to step down at end of June 2026 appeared first on Gulf Business.
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The launch comes amid renewed global interest in silver, driven both by its role as a store-of-value asset and its industrial applications The post botim launches digital silver investing from Dhs10 appeared first on Gulf Business.
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Dubai, United Arab Emirates; 13 February 2026: Orient Insurance, the leading UAE insurance provider and a subsidiary of Al-Futtaim, today has announced its preliminary financial results for the year ending 31 December 2025. The company demonstrated remarkable growth and operational excellence, underscoring its strategic focus and resilience in a dynamic market environment. Key Financial Highlights for FY 2025: • Gross Written Premium: AED 10.78 billion, a 19.3% increase from AED 9.04 billion in 2024 • Insurance Revenue: AED 9.23 billion, up 21.4% from AED 7.60 billion in 2024 • Net Profit After Tax: AED 836 million,
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Dubai, 11th February 2026 – e& money today announced the beginning of a bold new era in its journey to reshape digital finance in the UAE, following the approval of a Finance Company license from the Central Bank of the UAE. This milestone marks more than an expansion of services. It signals a shift in ambition from enabling transactions to unlocking financial opportunity. Over the past years, e& money has transformed how people pay, send, and spend. Today, more than 2 million customers rely on the app for everyday payments, international remittance, and card spending making it one of the UAE’s most inclusive digital payment ecosystems wit
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Dialogue is part of an executive plan to activate MoU signed between the two countries. Younis Haji AlKhoori: The dialogue is a strategic step towards bolstering relations and establishing an integrated model for sustainable cooperation. Yusuf Abdulla Alhumood: Bahrain is committed to strengthening cooperation and partnership with the UAE and advancing collaboration to the next level across various fields Dubai, 07 February 2026 The UAE has hosted its first Strategic Financial Dialogue with the Kingdom of Bahrain as part of the executive plan to activate the memorandum of understanding (MoU) signed between the two countries.
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Dubai, United Arab Emirates, 2 February 2026: The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has imposed a fine of USD 455,176 (AED 1,671,633) on reinsurance brokerage Ed Broking (MENA) Limited (the Firm), for a number of contraventions of DFSA legislation, including engaging in misleading and deceptive conduct. The Firm agreed to settle the matter and pay a fine which comprises disgorgement of USD 175,343 (USD 148,039 plus interest of USD 27,304) and a penalty of USD 279,833. The fine was reduced from USD 575,104 (AED 2,112,06
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January 29, 2026 Dubai, United Arab Emirates Sukoon Takaful has announced its financial results for the year ended 31 December 2025, delivering a year of exceptional profitable growth and strong financial performance. The company reported record contribution levels and a substantial improvement in profitability, reflecting the success of its postacquisition transformation and its renewed strategic focus on operational excellence. Gross written contributions for the year surged to AED 325.4 million, an 89% year-on-year increase, driven by broad-based growth across all major business segments. Profits before tax rose sharply to AED 41.1 million
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From receiving salary in the digital wallet to sending money homepaying bills and topping up mobiles, du Pay is built to make every day financial needs faster, easier and more accessible – especially for the UAE’s diverse expat community. Dubai, UAE, 23 January 2026 – du Pay, the advanced digital financial services arm of du, is celebrating the transformative impact of its services that demonstrate how the Central Bank of UAE-regulated app is revolutionizing everyday financial management for residents across the Emirates. With the growing adoption of du Pay, customers are increasingly moving away from cash, making cash transactions largely
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