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Empower Posts 16.2 Percent Rise in First-Half Net Profit to AED468 Million
Empower reported a 16.2 percent year-on-year increase in net profit after tax to AED468 million for the first half of…
UAE’s Ajman Emirate Registers Strong Property Deals Totaling AED 1.65 Billion in July
Ajman recorded AED1.65 billion real estate transactions in July with 1,517 deals completed as the market maintained momentum from a…
UAE SpaceTech Firm Space42 Records $260 Million Revenue in First Half
Space42 announced on August 5 2026 that it generated $260 million in revenue for the first half of the year…
Low Rhine Water Levels Drive Up Costs for German Chemical Producers
Low river levels threaten German chemicals production as declining Rhine water in July 2026 has raised cargo transport costs and…
Brent Crude Oil Trades at $79.97 per Barrel as Markets Stabilize
Brent crude oil traded at $79.97 per barrel on August 6, 2026, according to market reports, following earlier volatility caused…
QNBFS Report Shows Qatar Public Sector Deposits Climbing 3.2 Percent in June
Public sector deposits in Qatar's banking system rose 3.2 percent month-on-month in June 2026 to drive a 10.2 percent year-to-date…
GCC Banks Shift Focus to Backend Integration as Open Finance Expands
Banks across the GCC are advancing to a new phase of technology modernisation that targets backend architecture and system integration…
Shipping Volumes Hold Steady at Gulf Chokepoints Despite Peace Talk Uncertainty
Ship tracking data showed little change in vessel traffic through the Strait of Hormuz and Bab el-Mandeb on Tuesday as…
Assessment Details Crownexis Execution Focus for Experienced Traders
A platform assessment published on August 5, 2026, outlined how Crownexis structures its multi-asset brokerage around execution quality, competitive spreads…
RBI Maintains Repo Rate at 5.25 Percent While Gauging Middle East Conflict Risks
India's Reserve Bank of India held its benchmark repurchase rate steady at 5.25 percent on August 5 2026 after a…
Mexican Authorities Target Fuel Theft Networks by Shutting Four Clandestine Refineries
Mexican authorities dismantled four illegal oil refineries this week as part of a sustained crackdown on hydrocarbon theft that according…
PBOC Schedules Major Liquidity Injection via Outright Reverse Repo Tool
The People's Bank of China announced on Tuesday that it will conduct around $73.6 billion outright reverse repo operation to…