All posts by uaenews247

Business & Investments

The GCC’s Assets Under Management reached USD 2.2 trillion in 2024, representing 9% growth

  • Saudi Arabia and the UAE lead retail mutual fund growth, while Abu Dhabi and Kuwait’s SWFs manage the largest volume of assets in the region
  • AuM in 2024 represents a 9% growth from 2023

Dubai, August 13, 2025 – The GCC’s asset management industry grew to $2.2trillion in Assets under Management (AuM) in 2024, a 9% increase from the previous year, according to the 23rd edition of the Global Asset Management report, titled “From Recovery to Reinvention” by Boston Consulting Group (BCG).

In the retail mutual fund sector, Saudi Arabia and the UAE have been the principal contributors to growth. As for sovereign wealth funds (SWFs), the largest volumes of assets have been managed by major players in Kuwait and Abu Dhabi.

Continue reading The GCC’s Assets Under Management reached USD 2.2 trillion in 2024, representing 9% growth →
Business & Investments

AD Ports Group Delivers Strong Q2 2025 Results, +15% Revenue Growth to AED 4.83 Billion and +9% EBITDA Growth to AED 1.17 Billion; Free Cash Flow Positive for the Quarter and Year-To-Date

  • Q2 2025 Profit Before Tax (PBT) growth of 5% YoY to AED 519 million
  • Profit performance is expected to improve in the second half of the year
  • Free Cash Flow to the Firm (FCFF) positive for both the quarter and year-to-date on soaring Operating Cash Flow (OCF) and continued decline in CapEx intensity

Abu Dhabi, UAE – 13thAugust 2025:AD Ports Group (ADX: ADPORTS), a global enabler of integrated trade, transport, industry, and logistics solutions, today announced its financial results for the second quarter and first half of the year ending 30thJune2025.AD Ports Group’s growth story continued in the first half of 2025 with double-digit top-line growth recorded in both Q2 and H1 2025,driven by the Ports, Economic Cities & Free Zones (EC&FZ), and Maritime & Shipping clusters.

Continue reading AD Ports Group Delivers Strong Q2 2025 Results, +15% Revenue Growth to AED 4.83 Billion and +9% EBITDA Growth to AED 1.17 Billion; Free Cash Flow Positive for the Quarter and Year-To-Date →
Business & Investments

Presight reports record first-half growth as revenue surpasses AED 1 billion

  • 2025 first half revenue up 80%, with EBITDA up 60%
  • Strong Q2 performancedriven by 53.5% revenue growth Year-on-Year
  • International revenue accounted for 26.8% of the total in Q2 2025

Abu Dhabi, UAE, August 13, 2025:Presight AI Holding Plc (“Presight” or “the Company”; ADX: PRESIGHT), today announced its financial and operational results for the first half of 2025, highlighting strong performance fueled by continued domestic growth and international expansion.

Presight reported AED 1.09 billion in revenue for the first half of 2025, marking an 80.2% increase year-on-year. Organic revenue, excluding the contribution from AIQ, grew by 33.5%. EBITDA rose 59.6% to AED 245.5 million, while net profit increased 18.8% to AED 209.7 million.

Continue reading Presight reports record first-half growth as revenue surpasses AED 1 billion →
Business & Investments

Tuum Selected by Uptex Bank to Power E-Banking Expansion in Middle East and Africa



Dubai, UAE – August 13, 2025– Tuum, the leading next-generation core banking provider, has been selected by Oliver Business Development (OBD) Holding to power its newly licensed e-banking services in the Middle East and Africa (MEA) called Uptex Bank. The partnership marks Tuum’s first customer in the Middle East and reinforces its strategy to support innovation-led financial institutions in fast-growing, regulated markets.

Continue reading Tuum Selected by Uptex Bank to Power E-Banking Expansion in Middle East and Africa →
Technologies

IGG’s Epic Strategy Game “Fate War”is Now Available on HUAWEI AppGallery

Dubai, United Arab Emirates, 13 August 2025–Global game developer IGG has officially launched its latest title, Fate War, on HUAWEI AppGallery and all major platforms as of August 5th. This marks a significant addition to AppGallery’s growing library of high-quality, globally recognized titles, reinforcing the platform’s position as a top destination for immersive and diverse gaming experiences.

By welcoming Fate War to its ecosystem, AppGallery continues to expand its appeal to strategy and Strategy 4X enthusiasts, offering users exclusive access, seamless performance on Huawei devices, and the opportunity to experience a major global launch alongside other platforms. The highly anticipated Strategy 4X invites players into a richly crafted mythical world struggling to rebuild after the cataclysmic Ragnarok.

Continue reading IGG’s Epic Strategy Game “Fate War”is Now Available on HUAWEI AppGallery →