Business

Wadi Swat Transport is Selected as the Most Reliable and Trusted Bus Transportation Company in the UAE

Published

6 years ago

February 20, 2020

A survey has highlighted that Wadi Swat Transport is selected as the most reliable and trusted bus transportation company in the UAE. The transportation company offers different bus rental packages in the UAE at affordable prices. In the survey, many customers have expressed their high level of satisfaction in enjoying bus rental transportation services from Wadi Swat Transport.

The bus transportation service provides luxury buses for tours in Dubai, Abu Dhabi, and different areas of the UAE. Wadi Swat Transport offers tour packages including Dubai city tours, Dubai sightseeing tours, AI Ain tour, Abu Dhabi tour, Dubai shopping tour, university students transfer, etc. It has been providing excellent customer service to all the tourists in Dubai with the use of its long experience, high level of dedication, and professionalism in its work.

Wadi Swat Transport has a fleet of luxury buses and a team of professional drivers to ensure a high standard of transportation services to its clients at extremely affordable prices. It hires only professional drivers in order to provide a smooth service to its clients. The transport company has a dynamic team of administrative staff that is contributing to the growth of the company on a large scale.

The professional staff heading the bus rental Dubai transportation service has more than 20 years of experience. It is due to the expertise of the company staff that it has been providing bus transportation services in Dubai, Abu Dhabi, and Sharjah. Established in 2014, the Wadi Swat Transport company also provides a school bus rental service in Ajman, UAQ, and RAQ.

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.