United Arab Bank P.J.S.C. (“UAB” or “the Bank”) reported its financial results for the full year ended 31 December 2025. UAB posted a net profit of AED 438 million for FY 2025, compared to AED 301 million in FY 2024, representing a 45% year-on-year increase. The strong performance reflects the successful execution of the Bank’s […] The post UAB delivers 45% growth in FY 2025 net profit driven by strong asset growth appeared first on Web-Release.

    Chinese technology group ByteDance, best known as the owner of TikTok, is preparing a major push in artificial intelligence for 2026, planning roughly $23 billion (about 160 billion yuan) in capital expenditure on  AI infrastructure. The company intends this outlay to expand servers, data centres, and next-generation compute capacity that supports its AI models and services. This […] The post ByteDance will spend $23 billion on AI infrastructure in 2026 appeared first on Web-Release.

    Klay Group, a boutique financial services firm providing Wealth Management, Multi-Family Office, Asset Management and Corporate Advisory services to ultra-high-net-worth families and institutions, is pleased to announce the appointment of Mohit Gaba as Director, Investment Advisory.  Based in Dubai, Mohit will be part of the firm’s Multi-Family Office (MFO) platform and will report to Achal […] The post Klay Group Appoints Mohit Gaba as the Director of Investment Advisory appeared first on Web-Release.