The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%.This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged.The CBUAE has also decid...

Modon Holding PSC (Modon or the Group) today reported record first-half results for the six months ended 30 June 2026, building on the momentum established over the past two years. H1 2026 Group Highlights:• Group revenue reached a semi-annual record of AED 9.2 billion, a 40% year-on-year increase, drive...

Dubai Aerospace Enterprise (DAE) has reported financial results for the six months ended June 30, 2026, with revenue rising to $865.9 million from $843.6 million in the same period last year.Profit before tax and exceptional items increased to $229.9 million, compared with $217.1 million in the fir...

The United Arab Emirates and the Arab Republic of Egypt have agreed to gradually expand bilateral air traffic rights over the next five years, in a move that reflects the depth of the bilateral relations between the two countries and strengthens cooperation in the aviation sector, while enhancing air co...

Abu Dhabi Islamic Bank (ADIB) continued to deliver strong and sustainable growth in H1 2026, with net profit before tax increasing 9% year-on-year to AED 4.3 billion and rising 6% during the second quarter compared to Q1 2026 to AED 2.2 billion.The strong performance was driven by significant customer...