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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

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Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Court to help UAE combat financial crimes established

  • UAE had earlier established the Executive Office of the Anti-Money Laundering & Countering the Financing of Terrorism.
  • The new court will reinforce UAE’s compliance with international anti-money laundering and law-enforcement standards, says Judge Dr. Abdullah Al Shamsi.

DUBAI: A court has been set up in the United Arab Emirates with a focus on combating money laundering, Dubai Courts has announced.

The specialized court will function within the Court of First Instance and Court of Appeal and its establishment is in line with the country’s visions to strengthen the integrity of the financial system, an official statement said.

The new court follows the establishment of the Executive Office of the Anti-Money Laundering & Countering the Financing of Terrorism (AML/CFT) that will oversee the UAE’s National AML/CFT Strategy and National Action Plan (NAP).

The Executive Office reports to the UAE’s Higher Committee overseeing the implementation of the country’s National AML/CFT Strategy chaired by Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan.

The statement said the new court will support Dubai’s efforts to tackle financial crimes, including money laundering.

Judge Dr. Abdullah Al Shamsi, Head of Criminal Court at the Court of First Instance, said the new specialized court strengthens the UAE’s efforts to bring financial criminals to justice.

“This represents another step in the development of the legislative framework and helps reinforce compliance with international anti-money laundering and law-enforcement standards,” he added.