Monthly Archives: May 2026

Business & Investments

Invest Bank Reports 97% Profit Growth in Q1 2026

Invest Bank (INB) Reports Strong Q1 2026 Results with 97% Growth in Profit Before Tax

Operating income rises 81% to AED 112 million as the Bank records continued growth across Retail, SME and Wholesale Banking segments

Sharjah, United Arab Emirates, May 13, 2026 – Invest Bank (INB) today announced its financial results for the quarter ended 31 March 2026, delivering strong growth in profitability supported by higher operating income, continued balance sheet expansion and sustained momentum across its core business segments.

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Business & Investments

UBF Highlights UAE Banks’ Strong Performance and Resilience

UBF Affirms Banking Sector’s Ability to Enhance Resilience and Reinforce UAE’s Position as a Leading Global Financial Hub

Dubai, UAE – 14 May 2026:

UAE Banking Federation, the sole representative and unified voice of UAE banks, affirmed that the banking and financial sector remains well-positioned to sustain strong performance and further reinforce the UAE’s standing as a leading global financial and banking hub. This is supported by the UAE leadership’s vision, advanced economic and financial policies, and proactive regulatory frameworks that have been strengthening the capabilities of various economic sectors to address challenges and navigate developments in the global economy and regional and international geopolitical landscape.

This came during a press conference organised by UAE Banks Federation on the outlook for growth in the UAE, the region, and the global economy, with a focus on the banking and financial sector, at Mashreq Bank Headquarters in Dubai, in the presence of leading banking, financial, and media figures.

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Shopping & Promotions

Shop, Scan & Win: Dubai Shoppers Can Take Home Up to Dh 200,000 This Eid

  • 25 cash prize winners drawn from the Eid in Dubai campaign
  • 14 malls and community centres participating across the city
  • Campaign open 18–31 May 2026, with raffle draws on 30, 31 May & 1 June

Dubai, UAE: Shoppers across Dubai can celebrate the spirit of Eid Al Adha with exciting rewards as the Eid in Dubai Shop, Scan & Win campaign launches with a total of 200,000 Dirhams in Eidiya prizes for 25 lucky winners. Starting 18 May the promotion will run for 14 days and will end on 31 May 2026, the festive promotion invites residents and visitors to enjoy rewarding shopping experiences across participating malls in the city while celebrating the spirit of generosity and togetherness that defines Eid Al Adha.

Designed to add even more excitement to the Eid Al Adha shopping season, the campaign encourages shoppers to explore Dubai’s vibrant retail destinations while searching for the perfect gifts, festive fashion, and memorable experiences with family and friends. The promotion is part of the Eid in Dubai (Eid Al Adha) campaign, taking place citywide from 22 to 31 May 2026, and will also coincide with the extended 3-Day Super Sale, running from 27 to 31 May 2026, as part of the Dubai Retail Calendar.

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Health Care

PricelessMed and Amina Hospital Partner for Affordable Emergency Care

PricelessMed partners with Amina Hospital to introduce 50% ER bill discount for cash patients in Ajman

PricelessMed.

The UAE-based digital healthcare savings platform, has announced a new partnership with Amina Hospital in Ajman, introducing an exclusive 50 per cent discount on emergency room (ER) bills for cash-paying patients.

The agreement, formalised through a signing ceremony, marks PricelessMed’s expansion into Ajman, extending its footprint beyond Dubai and Sharjah. The collaboration also covers the wider Amina Healthcare Group, which operates a network of seven medical centres across Ajman and Sharjah.

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Technologies

SAP Connect UAE Highlights Role of Core Business Systemsin Scaling Enterprise AI

  • 85% of UAE organizations rely on ERP systems to support AI, while 90% express confidence in their ability to enable advanced automation
  • A strong network of close to 2,000 executives and decision-makers from the public and private sectors gathered at SAP Connect UAE at Expo City Dubai yesterday
SAP Connect UAE event

During SAP Connect UAE at Expo City Dubai yesterday, SAP UAE Managing Director
Marwan Zeineddine took to the stage with a robot representing SAP Joule AI to discuss how SAP Autonomous Enterprise is transforming business processes.

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