The Commercial Bank of Dubai (CBD) has achieved a historic milestone, reporting a record net profit before tax of Dh2.83 billion for the first nine months of 2025, a 15.6% increase compared to the same period last year. Net profit after tax stood at Dh2.58 billion, marking the bank’s 21st consecutive quarter of profit growth—a remarkable feat in the UAE banking sector. Additionally, CBD’s net loans surpassed Dh100 billion for the first time, reflecting a 13.1% increase since the end of 2024. The bank’s total assets surged to Dh163.4 billion, up 16.6% year-on-year, while customer deposits grew 14.9% to Dh112.1 billion, with low-cost CASA deposits accounting for 51% of the total. Dr. Bernd van Linder, CEO of CBD, emphasized the significance of these achievements, attributing them to the bank’s resilient strategy and customer-focused approach despite global challenges such as the pandemic, volatile interest rates, and supply chain disruptions. CBD’s return on equity after tax reached 22.3%, placing it among the top performers in the industry. Asset quality also improved, with the non-performing loan ratio dropping to 3.5%, down 146 basis points from the previous year. The bank’s cost of risk declined to 0.49%, and provision coverage stood at 98.93%, rising to 140.83% when including collateral. CBD’s transformation agenda continues to deliver results, with the bank achieving its highest SME Net Promoter Score in over three years and receiving multiple industry awards, including Best Digitisation Initiatives and Best Mobile Banking Services. The bank remains committed to national initiatives, supporting programs like Aani payments, the UAE Central Bank’s Digital Currency project, and the Financial Infrastructure Transformation Program. CBD also participated in global forums such as SIBOS 2025 and the BAFT Global Councils Forum, showcasing its dedication to innovation and thought leadership. With a capital adequacy ratio of 15.84% and a Tier 1 ratio of 14.70%, CBD maintains a strong capital position well above regulatory requirements. As it enters its sixth decade, the bank continues to support the nation’s ambitions through disciplined growth, digital innovation, and customer-centric strategies.
分类： business
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First Abu Dhabi Bank profit surges 24% to Dh16b as AI powers record 9-month growth
First Abu Dhabi Bank (FAB) has announced unprecedented financial results for the first nine months of 2025, with a 24% surge in net profit to Dh16.02 billion. This marks the highest earnings ever recorded by the bank for this period. The third quarter alone saw a 21% increase in net profit, reaching Dh5.39 billion. Loans and advances grew by 13% year-to-date to Dh596 billion, while customer deposits rose 8% to Dh848 billion. Total assets climbed 14% to Dh1.38 trillion, with capital and liquidity ratios comfortably exceeding regulatory requirements.
The bank’s robust performance is attributed to broad-based growth across all divisions, driven by strong client activity, diversified revenue streams, and significant productivity gains from its AI-driven transformation strategy. Operating income increased by 16% to Dh27.65 billion, supported by sustained business momentum. Net interest income rose 2% to Dh14.96 billion, while non-interest income surged 37% to Dh12.7 billion, accounting for nearly half of total revenue.
Group CEO Hana Al Rostamani emphasized the success of FAB’s diversification strategy and its growing international presence. The bank is expanding its footprint in Europe, Turkey, and Nigeria, with plans to open a new branch in India. Al Rostamani highlighted the transformative impact of AI integration across operations, which has enhanced agility and efficiency. “By embedding intelligent technologies across the Group, we are redefining how we serve clients and driving long-term value creation,” she said.
Group CFO Lars Kramer noted the bank’s resilient margins and double-digit revenue growth across all divisions, supported by a strong balance sheet. FAB’s commitment to sustainable finance was also underscored, with the issuance of its inaugural Blue Bond and Low Carbon Energy Bond. International operations contributed 17% of Group revenue, with loans and deposits from overseas markets rising 23% and 18%, respectively.
FAB continues to lead in AI-enabled transformation, deploying 18 live AI agents across functions such as trade operations, customer service, and finance analytics. These systems have doubled processing capacity and reduced turnaround times by up to 50%, solidifying FAB’s position as a pioneer in technology-driven banking excellence. Analysts predict strong momentum for FAB as it enters the final quarter of 2025, with high confidence in sustaining its growth trajectory into 2026 and beyond.
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UAE’s first battery-swapping station for bikes to power greener, faster deliveries
Abu Dhabi has taken a significant leap toward sustainable urban mobility with the launch of the UAE’s first battery-swapping station for electric motorbikes. This groundbreaking initiative, a collaboration between Adnoc Distribution and Terra Tech Ltd., is set to transform last-mile delivery operations by making them cleaner, faster, and more cost-efficient. Located at one of Adnoc’s flagship service stations, the facility allows delivery riders to swap depleted batteries for fully charged ones in seconds, drastically reducing downtime and emissions. This innovation aligns with Abu Dhabi’s ambitious goal of having 50% of vehicles electric by 2040 and the UAE’s broader target of achieving carbon neutrality by 2050. Husam Zammar, founder of Terra Tech Ltd., emphasized the strategic importance of the partnership, stating that it provides access to Adnoc’s extensive service station network, ensuring widespread adoption of the technology. The initiative not only reduces operational costs for delivery riders but also significantly lowers the sector’s carbon footprint. By integrating battery-swapping technology into Adnoc’s nationwide infrastructure, the project sets the stage for a nationwide rollout, paving the way for greener cities, efficient delivery ecosystems, and smarter transport solutions. This move exemplifies how traditional energy networks are evolving to support a cleaner, technology-driven future.
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Sobha Realty unveils AquaCrest in Downtown UAQ development
Sobha Realty has introduced Sobha AquaCrest, the second residential cluster within its expansive Downtown UAQ masterplan, a $20 billion coastal development poised to transform the architectural and lifestyle landscape of Umm Al Quwain. Spanning 25 million square feet, the project boasts 7km of beachfront and 11km of coastline, making it one of the most ambitious developments in the Northern Emirates. Upon completion, Downtown UAQ will accommodate over 150,000 residents, offering a blend of luxury homes, retail boulevards, marinas, hotels, leisure zones, and offices, all designed with Sobha Realty’s signature precision and sustainable ethos. The newly launched AquaCrest features a five-tower cluster with one-, two-, and three-bedroom apartments and duplexes, set for handover in June 2029. The project integrates contemporary architecture with coastal tranquility, offering panoramic sea views, energy-efficient HVAC systems, district cooling, EV charging stations, and eco-friendly building materials. Francis Alfred, Managing Director of Sobha Realty, emphasized the project’s role in the company’s mission to expand its UAE footprint while maintaining a commitment to quality and sustainability. ‘Downtown UAQ is envisioned as a new urban landmark, blending modern design, sustainability, and coastal beauty. AquaCrest represents the next chapter in this vision,’ Alfred stated. Property consultant V.S. Bijukumar highlighted Sobha Realty’s reputation as a trusted luxury developer, blending craftsmanship and sustainable design to create destinations that harmonize modern living with the natural beauty of the Emirates’ coastline. More than half of Downtown UAQ is dedicated to open and green spaces, including landscaped parks, jogging tracks, and beach promenades, fostering an active, nature-connected lifestyle. The community is designed as a next-generation mobility hub, featuring future infrastructure for air and water taxis to promote sustainable connectivity. The broader masterplan includes a cultural and leisure ecosystem with an Art and Design District, Marine Experience Center, Wellness Park, multiple marinas, retail and dining promenades, and an open-air amphitheatre, aiming to position Umm Al Quwain as a cultural and tourism hub. Sobha Realty’s expansion into the Northern Emirates also includes Sobha Siniya Island, an eco-sensitive coastal development with 60% of its land allocated to protected mangroves, green zones, and open habitats. Together, Siniya Island and Downtown UAQ are projected to contribute nearly 30% of the company’s total sales this year, with combined sales expected to reach Dh12 billion.
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Identifying new growth engines in the evolving global economy
The global economy in 2025 is undergoing profound transformations, driven by the convergence of technological advancements and policy shifts. According to Emirates NBD’s 2025 Global Outlook, titled “Winds of Change,” these changes are accelerating two significant trends: the rebalancing of the global economy and the accumulation of debt in developed nations. This collision is expected to have lasting impacts on investments and economic structures worldwide. The year has already proven favorable for portfolios, with strong performance across asset classes, supported by resilient global growth, contained inflation, and central bank rate cuts. However, the landscape is not without risks. Sovereign debt sustainability in developed countries is a pressing concern, with rising debt levels and servicing costs nearing unsustainable limits. Meanwhile, the rapid development of artificial intelligence (AI) presents both opportunities and uncertainties. While AI investments are expected to yield returns, their timing and broader economic impact remain unclear, raising questions about potential unemployment and societal divides. On the flip side, the AI sector continues to offer vast opportunities across the value chain, from energy to software. Geopolitical shifts toward a multipolar world, particularly in the Indian Ocean region, also unlock significant growth potential, supported by young, educated populations and robust trade prospects. For investors, the current environment calls for strategic portfolio positioning rather than reactive trading. Success will depend on patience, long-term thinking, and a focus on navigating the complexities of this evolving economic landscape.
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UAE’s Emaar chief Alabbar says ‘can raise $400 billion in a week’ to fix US housing woes
Mohammed Alabbar, the founder of UAE-based Emaar Properties, has unveiled an ambitious plan to address the escalating housing crisis in the United States. Speaking at the Reuters NEXT Gulf Summit in Abu Dhabi, Alabbar asserted that he could raise $400 billion within a week to tackle the shortage of nearly five million housing units in the US. He emphasized that the crisis, if left unresolved, could have catastrophic consequences for the American economy. Alabbar proposed collaborating with major US players to not only alleviate the housing deficit but also generate substantial revenue for the government. He highlighted that solving the housing issue could reduce inflation by 50%, create 20 million jobs, and generate $2.5 trillion in tax revenue over a decade. Despite his bold vision, Alabbar clarified that Emaar is not currently in talks with any American companies to enter the US real estate market. Shifting focus to the UAE, he expressed optimism about the local property market, predicting a balance in prices by 2026-2027 due to increased supply. Alabbar also critiqued the European economy, urging EU leaders to address their economic challenges to stem the flow of migrants to the UAE. He praised the UAE’s leadership and its multicultural harmony. Additionally, Alabbar revealed Emaar’s interest in expanding into markets like India, China, and Europe, leveraging the company’s strong financial position and strategic partnerships. He cited the overwhelming success of Emaar’s Red Sea development in Egypt as evidence of the company’s global potential.
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Tomorrow World Real Estate launches Sales Experience Center in Dubai
Tomorrow World Real Estate, the boutique development arm of Tomorrow World Group, has officially launched its state-of-the-art Sales Experience Center in Dubai. This innovative facility, located in the heart of the city, redefines real estate engagement by combining cutting-edge technology, architectural excellence, and a hospitality-driven approach. The center showcases Tomorrow World’s growing portfolio, including the Tomorrow 166 and Tomorrow Commercial Tower projects, through interactive digital displays, 3D models, and cinematic presentations. Designed with minimal yet elegant aesthetics, the space features sculptural elements, natural materials, and a seamless blend of gallery and hospitality zones, creating a calm and inviting atmosphere. The center is more than a venue; it embodies the company’s philosophy of ‘Creating Today’s Life with Tomorrow’ and serves as a collaborative hub for agents, partners, and clients. Ma Xu, founder of Tomorrow World Group, emphasized that the launch marks a significant milestone in the company’s journey, reflecting its commitment to innovation, excellence, and building lasting relationships. The launch event attracted top real estate professionals and partners, who explored the digital showcase and enjoyed a curated dining experience at Longteng Seafood Restaurant. Established in 2022, Tomorrow World Real Estate aims to redefine Dubai’s built environment through strategic, timeless, and forward-thinking developments. The Sales Experience Center is a testament to the company’s mission to set new standards in real estate experiences.
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UAE’s FTA launches AI tools to simplify tax filing, support taxpayers
The Federal Tax Authority (FTA) of the United Arab Emirates has introduced cutting-edge Artificial Intelligence (AI) systems aimed at simplifying tax filing processes and enhancing support for taxpayers. This initiative marks a significant step forward in the nation’s efforts to modernize its tax administration and improve compliance. Among the standout innovations is FTAGPT, an internal conversational AI engine designed to provide FTA employees with instant, accurate responses to complex tax-related inquiries. This tool is expected to significantly enhance the efficiency of customer service, ensuring taxpayers receive consistent and reliable information. Zahra Al Dahmani, Director of the Taxpayer Services Department at the FTA, emphasized the importance of FTAGPT in addressing employee queries related to the UAE’s three primary taxes: Value Added Tax (VAT), Excise Tax, and Corporate Tax. Additionally, the FTA has upgraded its existing AI-powered platform, TARA, which is accessible to taxpayers via the FTA’s official website. TARA now supports a broader range of queries, including Corporate Tax filing and the status of reconsideration cases. The FTA is also utilizing AI to proactively identify common taxpayer errors and send targeted educational messages to prevent potential penalties. This data-driven approach underscores the FTA’s commitment to transitioning from a reactive to a proactive support model, fostering a seamless and efficient tax environment. The UAE’s tax framework, which includes VAT, Excise Tax, and Corporate Tax, plays a pivotal role in the nation’s economic diversification and strategic goals. By leveraging AI, the FTA aims to align with international tax standards and reinforce the UAE’s position as a global business hub.
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Ellington Properties awards Dh1 billion+ construction contract
Ellington Properties has taken a significant step forward in its acclaimed Mercer House project by awarding a Dh1 billion+ construction contract to China Railway 18th Bureau Group. This landmark deal solidifies Mercer House’s position as one of Dubai’s most ambitious residential developments, blending architectural innovation, wellness, and lifestyle excellence. Located in Uptown Dubai, the project has already garnered international recognition, winning the prestigious International Property Award for Best Mixed-Use Development. The development comprises two towers—a 34-storey North Tower and a 41-storey South Tower—offering a mix of studio, 1-, 2-, and 3-bedroom apartments, as well as luxurious 4-bedroom penthouses. Complementing the residential spaces, Uptown Plaza will introduce a vibrant retail and dining destination, featuring boutique shops, cafés, and lifestyle concepts designed to foster urban connectivity. Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, emphasized the growing demand for high-quality, integrated communities in prime locations like Uptown Dubai. He praised the project’s refined design, world-class amenities, and the partnership with China Railway 18th Bureau Group, a global leader in large-scale urban infrastructure. Zhou Lin, General Manager of China Railway 18th Bureau Group, expressed pride in the collaboration, highlighting the company’s commitment to delivering excellence in quality and timely execution. Joseph Thomas, Co-founder of Ellington Properties, underscored the significance of Mercer House as a milestone in Dubai’s dynamic real estate landscape, reflecting the aspirations of discerning homeowners and investors. The development will feature a range of lifestyle amenities, including an urban beach club, wellness-focused fitness zones, a multi-sports hall, and elegantly designed communal spaces. Mercer House aligns with Dubai’s vision for vibrant, integrated communities that combine innovation, lifestyle, and long-term value, further cementing the city’s status as a global leader in urban living.
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Ajmal Perfumes marks a milestone with the opening of its 70th store in the UAE
Ajmal Perfumes, a heritage fragrance house with 74 years of olfactory artistry, has achieved a significant milestone by opening its 70th store in the UAE. Located in Ajman, the new store underscores the brand’s evolution from a family-run perfumery to a globally recognized name with a presence in over 60 countries. The Ajman Avenue store showcases Ajmal’s extensive range of fresh and oriental perfumes, concentrated oils, and oud, reflecting the brand’s deep understanding of regional preferences and its commitment to craftsmanship. Abdulla Ajmal, CEO of Ajmal Group, emphasized the brand’s focus on purposeful growth, stating, ‘As we cross the 70-store milestone in the UAE, our goal remains to deepen our local presence while setting new benchmarks in the world of perfumery.’ The UAE’s role in shaping the global fragrance industry is evident, with homegrown brands like Ajmal leading the charge. Oud, once a regional treasure, has gained international acclaim, thanks in part to Ajmal’s pioneering efforts. This expansion solidifies Ajmal Perfumes’ position as a trusted and enduring name in the Middle East, shaping the future of modern perfumery.