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Press Dossier   By Date  19/07/2025
Abu Dhabi index gains on oil surge
United Arab Emirates: Abu Dhabi index closed higher on Friday, supported by an increase in oil prices after the EU introduced new sanctions against Russia, while the Dubai index declined after investors moved to book profit on last five sessions’ gains.
Saudi bank loans hit $845bn as corporate lending boom
Saudi Arabia: Saudi banks’ total outstanding loans reached SR3.17 trillion ($844.7 billion) at the end of May, an annual increase of 16.28 percent, according to the latest official data.
Ajman's real estate sector transactions up 37% in H1 to Dhs 12.4 billion
Saudi Arabia: Saudi banks’ total outstanding loans reached SR3.17 trillion ($844.7 billion) at the end of May, an annual increase of 16.28 percent, according to the latest official data.
Emirates boosts services to Dublin with a third daily flight
United Arab Emirates: In a significant enhancement to its Irish operations, Emirates is set to operate a third daily service to Dublin this winter starting from 26 October 2025. The world’s largest international airline will offer customers more travel choices to Dubai and beyond, as well as increased cargo capacity to/from Dublin.
Etihad Air ways takes off to Egypt’s Al Alamein
Unired Arab Emirates: Etihad Airways on Friday marked the launch of its inaugural flight to Al Alamein (DBB), adding the Egyptian coastal city to its list of seasonal summer destinations.
United Arab Bank net profit up by 50% for H1 2025
United Arab Emirates: United Arab Bank PJSC (UAB) has announced its financial results for the six months ended 30th June 2025. UAB posted a net profit of Dhs 208 million for the first half of 2025, compared to Dhs 139 million for the same period last year, representing a 50% YoY increase. Total income rose by 24% YoY to Dhs 374 million.
Amwaj's flagship Dubai residential project work 50pc completed
United Arab Emirates: UAE-based Amwaj Development has announced that steady progress is being made on its flagship residential community - Starlight Park - located in Meydan District 11, with the construction work nearly 50% completed.
Dubai busts Dhs185 million law firm fraud involving fake companies, forged emails, and cyber intrusion
United Arab Emirates: Dubai Court of Appeal has upheld the first-instance court’s verdict against 18 suspects of various nationalities, convicted of embezzling approximately Dhs185 million from a law firm, money laundering, leaking sensitive commercial data, and using it to establish fake companies in the UAE and abroad.
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