Author: Sam Allcock

Tabadulat, the Shariah-compliant brokerage platform based in Abu Dhabi Global Market (ADGM) and recipient of In-Principle Approval from ADGM’s Financial Services Regulatory Authority (FSRA), has joined the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The membership aligns Tabadulat with the foremost international institution guiding best practices in Islamic finance. This development reinforces Tabadulat’s long-term commitment to governance, Shariah integrity, and transparency, as it continues to expand its ethical investment offerings tailored for Muslim investors around the world. Founded in 1991 and headquartered in Bahrain, AAOIFI is a non-profit organisation responsible for issuing standards on Shariah, accounting, auditing, governance,…

US$131 million investment to create over 2,300 jobs and attract 400,000 visitors each year The Events Investment Fund (EIF) — founded by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, under the National Development Fund (NDF) — has unveiled its first major venture, the Riyadh Shooting Range & Entertainment Complex. Representing an investment of SAR 491 million (over US$131 million), the project is a milestone in Saudi Arabia’s drive to boost its sports, culture, tourism, and entertainment sectors. The announcement was made at the inaugural TOURISE Summit in Riyadh,…

Gulf International Bank (GIB) has reported a strong set of results for the quarter ending 30 September 2025, demonstrating higher profitability, controlled expenses, and further diversification of its income base. Net profit attributable to shareholders reached $48.0 million for the period, up 27% from $37.9 million in Q3 2024. The Bank’s non-interest income increased by 7% to $57.5 million, compared with $53.9 million a year earlier, reflecting successful implementation of its income diversification strategy. Operating costs remained contained at $112.1 million, showing only a 2% increase year on year. Provisions were reduced to $16.9 million, down from $20.9 million in…

Presight AI Holding Plc (“Presight” or “the Company”; ADX: PRESIGHT) has released its financial results for the third quarter of 2025, recording strong growth across all key performance metrics and a significant rise in revenue contribution from international markets, which reached a record 46 percent. Third-quarter revenue totalled AED 652.9 million, up 15.3 percent compared to the same period in 2024. EBITDA increased 14.4 percent to AED 131.8 million, while profit before tax rose 9.8 percent to AED 131.7 million. Net profit for the quarter stood at AED 110.3 million, up 1.1 percent despite the impact of the revised 15…

BHM Capital Financial Services, a leading financial services provider in the UAE capital markets, has announced another quarter of strong performance in Q3 2025. The results highlight the firm’s consistent profitability, expanding client network, and focus on sustainable growth through innovation and strategic execution. Total income rose to AED 152.7 million, representing a 29.48% year-on-year increase. Net profit grew by 41.38% to AED 38.6 million compared with the same period last year. The company recorded impressive growth in new accounts, reaching 28,509 – which represents 42% of all new accounts opened on the Dubai Financial Market. Trading volumes climbed to…

Middlesex University (MDX) Dubai has announced its largest-ever graduating class, with over 2,100 students completing their studies as part of the Class of 2025 – the biggest in its 21-year history. The achievement, up from just over 1,500 graduates last year, underscores the university’s consistent growth and its contribution to advancing Dubai’s ambitions as a centre for innovation and knowledge. Two grand ceremonies were hosted at Atlantis, The Palm, on Sunday, 9 November, honouring more than 1,000 undergraduates and daytime MBA students. The remaining graduates, including postgraduate and Executive MBA participants, will attend their graduation ceremonies in February 2026. Dignitaries…

Lionel Messi, one of football’s greatest icons, has extended his tenure with Inter Miami CF through 2028, signing the deal with the Cross Classic Century Brushed Black PVD Ballpoint Pen – a writing instrument distributed by Jashanmal Group. This remarkable event unites sporting legacy with timeless craftsmanship, underscoring the art of writing as a celebration of success. Chosen for its refined design and reliability, the Cross pen represents precision and prestige. The brand, an internationally acclaimed leader in luxury writing instruments, is distributed across the Middle East and India by Jashanmal Group, which has spent over a century introducing exceptional…

As the Dubai Fitness Challenge (DFC) celebrates its ninth year, it continues to redefine the city’s approach to health with Fuel Your Challenge – an inspiring new initiative that proves great movement starts with great nutrition. Running from 1 to 30 November 2025, this programme reaffirms that exercise and diet form two sides of the same wellbeing equation. In collaboration with Dubai’s best-loved dining destinations and renowned chefs, DFC will unveil a collection of easy, nourishing recipes over the month – each crafted to be cooked in 30 minutes or less, showing how effortless healthy eating can be. Since it…

Levi’s® and designer Kiko Kostadinov have introduced their second collaborative menswear range, a five-piece collection designed to explore the dialogue between everyday functionality and elevated formal aesthetics. Denim stands as the foundation of the collection, its textures and cultural connotations connected to the artistic communities that shaped American modernism. The pieces draw inspiration from a time when denim travelled with artists across varied contexts – from working environments to social circles traditionally defined by more conventional dress. Through this journey, denim came to embody both practicality and subversion, becoming a form of understated rebellion in spaces marked by etiquette, aesthetic…

Acting on behalf of Minister of Finance Mohammed Aljadaan, the Chairman of the Insurance Authority, Abdulaziz Al-Boug, commenced the Global Insurance Conference and Exhibition (ingate) today in Riyadh. Al-Boug remarked that the insurance industry is currently undergoing substantial global shifts in response to technological disruption, climate-driven risk, and evolving economic conditions. He noted that the timing of ingate is significant, with the international insurance market now exceeding $8 trillion, strengthened by rising demand for comprehensive insurance solutions. He added that the Saudi insurance sector recorded growth of more than 17% during 2024, with an insurance penetration rate of 2.6% of…