Category Archives: Business & Investments

Al Fardan Exchange Deepens Ties with Pakistani Community in the UAE via Upgraded Consulate Centre

  • Upgraded consulate reopens with self-service kiosk and customer engagement centre powered by Al Fardan Exchange to better serve Pakistani residents in the UAE
  • Remittances from the Pakistani community in the UAE will exceed $7 billion in 2025

29July 2025, Dubai, United Arab Emirates: Al Fardan Exchange, one of the UAE’s most trusted and long-standing financial services providers, has supported the renovation and infrastructure upgrades of the Consulate General of Pakistan, Dubai. As part of this enhanced experience, the consulate now features a dedicated Customer Engagement Centre powered by Al Fardan Exchange.This joint effort is designed to enhance the consular experience while bringing trusted financial services closer to an estimated 1.6 million Pakistani nationals residing in the UAE.

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Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 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 $12.5billion.

The Group’s Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth by 6%, and deposits grew by 9% to reach $55.3 billion.

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Joyalukkas secures landmark AED 500 million working capital deal with Emirates NBD to fuel global expansion

DUBAI, JULY 2025Joyalukkas, one of the world’s largest jewellery retailers, has announced a landmark AED 500 million working capital facility provision through Emirates NBD, a leading banking group in the MENAT region. This milestone agreement supports Joyalukkas’ long-term expansion plans across the UAE and key international markets including the UK, USA, Canada, and Australia.

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AD Ports Group Expands Network of International Offices with First Office in China

Beijing-Tianjin office expands the Group’s global presence and serves emerging trade corridors

Abu Dhabi, UAE/ Beijing, China – 24 July 2025: AD Ports Group (ADX: ADPORTS),a leading enabler of global trade, logistics, and industry, officially launched its first International Office in China, marking a major milestone in its global expansion strategy.

Located at the centre of China’s policymaking and planning, the new office will lead and coordinate the Group’s commercial and investment activities across the country and the broader Asia region.

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Gulftainer Bolsters Iraq Container Terminal’s Efficiency with Latest Addition of Three New Kalmar Reach Stackers

Umm Qasr, Iraq, 24July2025: Gulftainer, a UAE-based global supply chain and logistics solutions provider, with an international footprint of ports, terminals, warehouses and transport facilities, has announced a significant expansion in its operational capacity at Iraq Container Terminal (ICT). The company recently received the delivery of three state-of-the-art Kalmar reach stackers, which will be deployed at ICT in the Port of Umm Qasr, located in southern Iraq.

The introduction of these advanced container handling machines comes as part of Gulftainer’s ongoing commitment to improving terminal efficiency in response to rising cargo volumes by reducing turnaround times for containers, optimising terminal space through high stacking capabilities, and ensuring reliable, timely delivery of goods. This strategic investment underscores the company’s dedication to providing the highest standards of service to its customers across the region.

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