Emirates NBD is the first MENA bank to deploy OpenAI inside the UAE
Here is your banking that already runs on AI, and you may not notice when that changes. Emirates NBD has become the first MENA bank to deploy OpenAI, running the company’s GPT models on computing infrastructure based inside the UAE. The bank and OpenAI announced the enterprise collaboration on Monday. It makes Emirates NBD the […]
Arqaam Capital launches Arqaam Academy as first cohort of its Analyst Programme begins in Dubai
The launch of Arqaam Academy started not with a ceremony but with a test. Every one of the 25 people who began the programme on 12 October had already built a valuation, argued a recommendation, and sat through two rounds of panel interviews to win the seat. That detail sets the tone for what the […]
Ellington Properties and ADCB Roll Out Pre-Approved Home Financing in Dubai
Pre-approved home financing in Dubai picked up a new route this month for anyone eyeing an Ellington Properties home. The boutique developer has partnered with Abu Dhabi Commercial Bank to offer financing that follows a buyer from reservation through handover, whether the unit is still under construction or ready to move into today. Instead of […]
CBUAE’s Financial Stability Report shows UAE bank assets up 17.1% in 2025
CBUAE’s Financial Stability Report puts numbers behind something many people in the UAE already sense: that banks are lending more freely than they did a few years ago. UAE banking sector assets grew 17.1 percent in 2025 to AED5.3 trillion, worth roughly $1.44 trillion. Loans rose faster still, up 17.8 percent. Most of that credit […]
CBI’s first-half 2026 profit jumps 68% on legacy recoveries and loan growth
CBI’s first-half 2026 profit reached AED156 million, up 68 percent from the same period a year earlier. The result at Commercial Bank International rested on a wider balance sheet and money recovered from older accounts. Second-quarter pre-tax net profit came to AED104 million. Recoveries linked to the clearing of legacy accounts lifted the quarter, and […]
