Profits

NEWS DESK

Record Profits Driven by Resilience, Sustainable Growth and a Fortress Balance Sheet

News Desk 24/07/2026

The National Bank of Ras Al Khaimah (Rakbank) today reported its financial results for the first half of 2026 Open for business. Supporting Customers when it matters Rakbank remained open for business, maintaining uninterrupted access to services and credit while supporting customers through

NEWS DESK

PlanRadar Report Reveals How Inconsistent QA/QC Standards Drain Construction Profits Across the GCC

PR News Desk 20/10/2025

A new study by PlanRadar, a leading platform for digital documentation, communication, and reporting in construction, facility management, and real estate projects, reveals a clear contradiction at the heart of quality management. More than seven in ten construction companies across global markets, including the GCC, begin QA/QC processes from day one — yet over

NEWS DESK

Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025

PR News Desk 28/07/2025

Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5 billion. The Group’s Assets grew by 9% to […]

NEWS DESK

Investors earn record AED60 billion profits from Dubai’s re-sale property market

PR News Desk 16/01/2025

Investors in Dubai real estate notched up record profits of almost AED60 billion from the re-sale market last year. A report released by fäm Properties today showed the secondary market generated capital gains of AED 59.7 billion in 2024, representing 32% of Dubai’s all-time high total re-sale value of AED 188.1 billion last year. Underling […]

NEWS DESK

Saudi Reinsurance Company “Saudi Re” Reports 351% Increase in Profits

PR News Desk 31/10/2024

The Saudi Reinsurance Company “Saudi Re” has announced its financial results for the nine months ending September 30, 2024. The company achieved a net profit after zakat of SAR 475 million, marking an impressive increase of 351% compared to the same period last year. The financial results also highlighted a significant rise in total written […]

NEWS DESK

Orient Insurance records significant 10 per cent increase in profits

PR News Desk 08/08/2024

Orient Insurance, a prominent insurance company in the Middle East and a subsidiary of Al-Futtaim Group, achieved exceptional financial outcome during the first half of 2024, recording AED 416 million in net profit as compared to AED 377 million during the corresponding period last year, signifying a 10 per cent growth. Furthermore, the company witnessed […]

NEWS DESK

SALAMA reports profits of AED 17.58 million in Q1 2024

News Desk 15/05/2024

Islamic Arab Insurance Company (DFM listing: “SALAMA”), UAE’s largest Takaful solutions provider, has reported topline growth with a profit of AED 17.58 million in its first quarter (Q1) results of 2024 today. Continuing in its growth trajectory, SALAMA’s profit increased by 118%, compared to AED 8.04 million in Q1 2023. Takaful revenue recorded at AED […]