UAE banks on Instant Payments to shake up sector
The UAE Instant Payments Platform (IPP) is set to go live in Q4 2022, with participation mandatory for all banks and financial institutions in the country.
This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.
UAE finance
DP World 2025 revenue $24.4bn
The profit for the year up 32.2% to reach $1.96bn.
BYD 2025 revenue surges
The EV manufacturer reported net profit of $.3.3bn for 9M 2025.
Aramco net income $28bn
Capital investment during Q3 2025 $12.9bn on investments in energy projects.
e& revenue up 23%
Consolidated net profit reached $2.94 billion during 2025.
Al Rajhi profit up 26%
Operating income for 2025 increased 22% to SAR 39 bn.
