Daily Archives: July 23, 2026

Business & Investments

FAB Achieves 7% Growth in H1 2026 Operating Income

FAB delivers 7% growth in H1’26 operating income to AED19.50 billion and a profit before tax of AED 13.20 billion

  • Q2’26 profit before tax grew 16% sequentially and 6% yearonyear to AED 7.08 billion
  • RoTE remained firmly above the Group’s medium-term guidance at 18.5%

Abu Dhabi, 23July2026: First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions,delivered a strong performance in the first half of 2026.In Q2’26, profit before tax rose 16% sequentially and 6% year on year to AED 7.08 billion, reflecting the resilience of its diversified business model, disciplined execution, and continued client activity across its franchise.

The Group reported a 7% yoygrowthin operating income to AED 19.50 billionand a 3% yoy increase in profit before tax to AED 13.20 billion in H1’26. Net profit grewby 1% yoy to AED 10.73 billion in H1’26 and Return on Tangible Equity (RoTE) remained firmly above theGroup’smedium-term guidance at 18.5%.

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Featured

Family Fun at NRTC: Summer Workshops in Dubai

NRTC Group Turns Fresh Produce into Family Fun with Interactive Summer Workshop Series

This summer, NRTC Group is opening its doors to families across Dubai with the launch of a vibrant new programme of interactive workshops designed to inspire creativity, encourage healthy habits and bring parents and children together through the world of fresh food.

Hosted at NRTC Group’s Dubai Nad Al Hamar branch, the Summer Family Workshop Series will transform fresh fruits and vegetables into hands-on learning experiences, offering families a unique opportunity to create, discover and connect in a fun and engaging environment.

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Business & Investments

Visa Analysis: Spending Surges During FIFA World Cup 2026

  • Cable andstreaming spending increased 42% as football fans tuned in to follow FIFA World Cup 2026™
  • Online spending on sporting goods and merchandise increased 24% within a week of kick-off
  • Weekday restaurant dine-in spending increased 16% during the Roundof 32 stage

Dubai, 22July 2026 – Visa, the Official Payment Technology Partner of FIFA World Cup 2026™, today released data highlightingspending patterns in the United Arab Emirates (UAE) during the tournament.

Analysis by Visa Consulting & Analytics shows increased spendingon Visa consumer cards across streaming services, sports merchandise, food delivery and dining categories throughout the Group Stage and Round of 32 matches (11 June–4 July).

Nicolas Khoury Visa

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Featured

Embraer and Mubadala Forge Aerospace Collaboration

 Long-term collaboration spanning MRO, workforce development, and joint research and development

• Agreement includes a pathway for Strata to become a tier-one supplier on Embraer platforms

• Signed at the Farnborough International Airshow, supporting the UAE’s objectives under Operation 300bn and the Abu Dhabi Industrial Strategy

Farnborough, United Kingdom, July 21, 2026 – Embraer (NYSE: EMBJ; B3: EMBJ3), a leading global aerospace company headquartered in Brazil, and Mubadala Investment Company (“Mubadala”), an Abu Dhabi sovereign investor, today signed a Strategic Framework Agreement at the Farnborough International Airshow, establishing a pathway to a long-term collaboration across supply, maintenance, repair and overhaul (MRO), human capital development, and research and development.

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