Dubai, 11November 2025 – Amid an unprecedented industrial transformation, steel remains the foundation of MENA’s next growth chapter. With over $3 trillion in active and planned projects[1] and annual regional steel consumption forecast to surpass 65 million tonnes by 2027,[2] the region is cementing its position as a driving force in the global industrial landscape.
Continue reading Steel powers MENA’s $3 trillion industrial transformation asglobal leaders gather at Fastmarkets Middle East Iron & Steel in DubaiCategory Archives: Business & Investments
NBQ’s Honored with Nafis Award for 2024–2025
Umm Al Qaiwain- 11 November 2025:
The National Bank of Umm Al Qaiwain (NBQ) has been awarded the Emirati Talent Competitiveness Council’s (Nafis) award in its third edition (2024–2025) under the Small Establishment category in recognition of NBQ’s efforts in raising Emiratization, empowering national talent, and supporting the UAE’s economic diversification and sustainable development
Through dedicated Emiratization programs, targeted training initiatives, and a culture that values innovation and inclusivity, NBQ continues to play a key role in developing national talent across the banking and financial services sector.
Continue reading NBQ’s Honored with Nafis Award for 2024–2025Hedge & Sachs Strengthens Investor Empowerment and Digital Transformation at CONNECT 2.1
Dubai, UAE | November 10, 2025: Hedge & Sachs group, a leading asset management and financial advisory powerhouse, successfully hosted CONNECT 2.1, its first stakeholder engagement event following the recent milestone of obtaining its Securities & Commodities Authority (SCA) license. Held at the Johara Ballroom, Madinat Jumeirah, the full-day event brought together employees, clients, and key stakeholders to exchange ideas, discuss upcoming projects, expansion plans and outline the firm’s next chapter of growth and digital transformation.
Paperworld Middle East opens tomorrow alongside fastest-growing edition of Gifts & Lifestyle Middle East
More than 650 global brands and 15,000 visitors will connect this week at the region’s leading trade platform for paper, stationery, gifting and lifestyle products
Gifts & Lifestyle Middle East will showcase over 200 exhibitors from around the world
The co-located events will be held at Dubai World Trade Centre from 11-13 November
Dubai, UAE: The highly anticipated 14th edition of Paperworld Middle East, the region’s leading international trade fair for paper, stationery, office and school supplies and creative materials, opens tomorrow at Dubai World Trade Centre.
Invest Bank delivers AED 102 million profit before tax for 9M-2025, driven by solid income growth and robust balance sheet performance
Sharjah, United Arab Emirates, 10th November 2025 – Invest Bank today announced its financial results for the nine-month period ended September 30, 2025, reporting a profit before tax of AED 102M, reflecting continued momentum across income streams, balance sheet expansion, and strong recoveries.
Key Financial Highlights
- Total assets at AED 13.4 Bn (+24% YTD).
- Net loans and advances at AED 6.6Bn (+46% YTD).
- Customer Deposits at AED 11.1Bn (+28% YTD), with a CASA ratio of 29.4% (FY’24 : 26.6%).
- Operating Income of AED 251.4Mn (+21% YoY), equally contributed by growth in core Net Interest (+16%) and Non-interest (+29%)
- Net Interest Income was at AED 148.4M up YoY (+AED 21M, 16%), driven by uptick in balance sheet size (+AED 2.3B, 22%), with NIM maintained at 1.6% (YTD Sept-24 : 1.5%), notwithstanding 100bps rate drop in H2’24.
- Non-interest income was at AED 103M up YoY (+23M, 29%), as higher loan volumes drive core business fee income and increase in foreign exchange & other income (+AED 10M).
- Operating expenses up YoY by AED 36M (+18%) as the bank continues to invest in talent and technology for future growth.
- Robust recovery strategies continue to show positive signs reporting net recoveries of AED 83M during the year.
- The Bank remains well capitalized with a healthy capital adequacy ratio of 22.8% (Dec’24 : 28.7%).
- Strong Liquidity position with Eligible Liquid Asset Ratio of 21.4% as at Sept’25 (Dec’24 :15.6%) and advances to stable resources ratio was at 70.5% (Dec’24 : 68.8%).
- Reimbursement Asset (RA): The Bank received AED 380M, during the year (Sep’24 :AED 377M) from Government of Sharjah (GoS) under the Guarantee Agreement, reducing the balance to AED 1.7B in Sept-25 (Dec’24 : 2.1B).
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