Leadership Transition at Microsoft Middle East & Africa
Microsoft is in the process of appointing a new General Manager for Egypt and will continue to work closely with stakeholders to sustain the momentum of its digital transformation agenda and empower individuals and organizations to achieve more.
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Al Bawaba
4 hours ago
- Al Bawaba
United Arab Bank Net Profit up by 50% for the First Half of 2025
United Arab Bank PJSC (UAB or 'the Bank') has announced its financial results for the six months ended 30th June 2025. UAB posted a net profit of AED 208 million for the first half of 2025, compared to AED 139 million for the same period last year, representing a 50% YoY increase. Total income rose by 24% YoY to AED 374 increase in net profit reflects significant growth in total assets—up 11% from December 2024—and the Bank's disciplined approach to risk management. UAB's balance sheet was further strengthened through a continued focus on asset quality and capital results underscore the Bank's solid momentum and strategic readiness for future growth.H.H. Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of the Board of Directors of United Arab Bank, said: 'The Bank's exceptional financial performance in the first half of 2025 underscores the effectiveness of our strategic vision and the strength of our governance framework. Looking ahead, we are unwavering in our commitment to advancing the UAE's economic agenda while creating enduring value for all stakeholders. We will continue to lead with discipline, resilience, and an uncompromising focus on innovation, digital transformation, and operational excellence.'Shirish Bhide, Chief Executive Officer of United Arab Bank, said: 'Our first-half results reflect robust operational performance and the growing impact of our transformation agenda. The strong growth in profitability and total assets highlights the success of our strategic execution and our unwavering focus on customer value, efficiency, and prudent risk-taking.'He added: 'As we move forward, we will continue to scale our digital capabilities, introduce innovative products, and further strengthen our control environment—while keeping the customer at the center of everything we do.' United Arab Bank is in the process of enhancing its capital by up to AED 1.03 billion through a Rights Issue offered to existing shareholders. This capital injection will increase the total share capital by up to AED 3.09 billion, subject to completion of the process and necessary regulatory approvals, strengthening the Bank's capital adequacy and enhance its resilience to any adverse macro-financial shocks, while enabling future asset growth towards achieving its strategic and financial goals.
Al Bawaba
5 hours ago
- Al Bawaba
Gulf Air to Add up to 18 Boeing 787 Dreamliners to its Widebody Fleet
Boeing [NYSE: BA] and Gulf Air have announced an agreement for the purchase of 12 787 Dreamliner jets with options for six more as the Bahrain-based airline looks to further develop its international network. Once finalized, this order will bring the carrier's firm order book to 14 of the versatile widebody jets and will support 30,000 jobs across the Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa and U.S. Commerce Secretary Howard Lutnick joined Boeing Commercial Airplanes President and CEO Stephanie Pope and Gulf Air Group Chairman Khalid Taqi to witness the signing."This agreement marks a transformative step in Gulf Air's strategic growth journey as we expand our global footprint and modernize our fleet with one of the industry's most advanced and efficient aircraft," said Khalid Taqi, chairman of Gulf Air Group. "The Boeing 787 Dreamliner has proven to be an exceptional aircraft for our long-haul operations, and this new order reflects our confidence in its performance, passenger appeal and contribution to our sustainability goals. We are proud to deepen our partnership with Boeing and reaffirm our commitment to positioning Bahrain as a key global aviation hub."The 787 Dreamliner, recognized for its fuel efficiency, range and passenger experience, already serves as the backbone of Gulf Air's long-haul operations connecting over 50 destinations. With 10 787 airplanes in service, the airline is well-positioned to grow its network, serving new and existing markets across Asia, Europe and the U.S.'We are excited to build on our more than 60-year partnership with Gulf Air as we deliver the market-leading 787 Dreamliner to help the airline serve more passengers and connect more destinations,' said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. 'This investment in the 787 Dreamliner demonstrates Gulf Air's commitment to new technology and sustainable development, reinforcing Bahrain's position in the aviation sector.'The 787 Dreamliner family has transformed global air travel by opening over 425 new nonstop routes and carrying more than 1 billion passengers worldwide since its commercial introduction in 2011. As Gulf Air's flagship airplane, the 787 features the largest windows of any widebody jet, air that is less dry and pressurized at a lower cabin altitude for greater comfort, and technology that senses and counters turbulence for a smoother ride. From its first DC-3 in 1961, Gulf Air has taken delivery of 37 Boeing airplanes, including the 787 jets currently in its fleet. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Al Bawaba
5 hours ago
- Al Bawaba
ADU Interior Design Students Showcase Industry-Ready Projects to Top Experts and Alumni
Abu Dhabi University's (ADU) Interior Design Program recently welcomed leading industry experts, academic professionals, and accomplished alumni to its main campus to evaluate 26 final projects of graduating students. The gathering marked a key milestone in the students' academic journey, providing a platform to present their design work, gain professional feedback, and connect with potential career opportunities. It also reaffirmed ADU's commitment to delivering industry-aligned, future-ready education that bridges the gap between learning and real-world jury included eight senior designers and representatives from renowned firms including Minotti, Bloomingdale's Dubai, Aati, INSITE Contracting and Interiors, AECOM, Canadian University Dubai, and Amalya Decoration. Several of the jury members were also ADU alumni with over a decade of experience, returning to mentor the next generation of interior Ahmed Elshakhs, Interior Design Program Coordinator, Assistant Professor of Interior Design at Abu Dhabi University, said: 'Our students delivered forward-thinking projects that reflect a deep understanding of contemporary design trends, user-centered thinking, and practical application. By presenting to leading figures from the industry, they demonstrated not only creativity but also career-ready skills that align with today's market needs. At ADU, we're committed to providing future-focused, industry-aligned education that equips students to contribute meaningfully to the creative economy locally and internationally'Projects presented ranged from a culinary institute to an engineering library and an ancient Egyptian museum, each demonstrating students' mastery of research-led design, advanced rendering techniques, and space alumna panelists expressed their enthusiasm for being part of the jury, describing it as a meaningful experience to return to where their design journey began and witness the creativity, professionalism, and potential of the university's future parallel, ADU's Department of Architecture and Interior Design also held its annual Furniture Design Exhibition. The exhibition showcased over 60 student projects, including full-scale prototypes, process posters, and custom design publications. It offered students a platform to apply technical skills in joinery detailing, laser cutting, and 3D printing, while exploring diverse stylistic approaches such as Sustainability, Scandinavian, Minimalism, and Ali Elamaireh, Associate Professor of Interior Design, Department of Architecture and Interior Design at Abu Dhabi University, said: 'The exhibition is a celebration of innovation, skill, and creativity. It offers students a valuable opportunity to turn conceptual ideas into functional pieces, while also deepening their understanding of materials, fabrication, and visual storytelling.'Ms. Ayah Hamash, Teaching Assistant at Abu Dhabi University, added: 'Every year, we are proud to witness our students push boundaries through thoughtful experimentation and technical precision. This year's exhibition reflects ADU's commitment to hands-on learning and cultivating a design mindset that is both sustainable and market-relevant.' The exhibition highlighted ADU's continued focus on hands-on learning and innovation, offering students real-world experience in conceptual design, materiality, and production processes which are essential foundations for impactful design careers.
