UAE

Abu Dhabi, October 26 / The First Abu Dhabi Bank Group announced that it achieved net profits of 10.9 billion dirhams during the first nine months of this year, an increase of 19% compared to the same period last year, and the basic earnings per share amounted to 1.29 dirhams. …

The Roads and Transport Authority in Dubai has announced the activation of the use of its Nol card to pay the transportation fare via monorail trips on the Palm Island. Mohammed Yousef Al Mudharreb, Executive Director of Corporate Technical Support Services Sector at the Roads and Transport Authority, said that …

The local stock markets attracted a liquidity of more than 1.8 billion dirhams at the end of today’s trading session, with its focus mainly on real estate, financial and banking stocks. Liquidity was distributed at 1.48 billion dirhams in the Abu Dhabi Stock Exchange and 365.1 million dirhams in the …

In front of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, four judges in the Judicial Inspection Department took the legal oath this morning (Tuesday) at Zabeel Palace in Dubai, in the presence of …

The Ministry of Finance announced the results of the final government financial statistics for the fiscal year ending 2021. The results showed an increase in the value of revenues at the state level from 367.9 billion dirhams in 2020 to 463.9 billion dirhams in 2021, at a rate of 26%, …

Abu Dhabi on October 25 The volume of credit finance granted by national banks to the trade and industry sectors in the country increased by 33.9 billion dirhams in 12 months, according to the statistics of the UAE Central Bank. Statistics showed that the cumulative balance of credit provided by …

The Dubai Future Foundation has launched a new documentary series entitled “Dubai, the City of the Future” in partnership with the global platform “Freethink”, with the aim of highlighting Dubai’s experience in designing the future, documenting its success story and its pioneering efforts in employing technology to create a better …

Filipe Chacinto Nyusi, President of the Republic of Mozambique, visited the Sheikh Zayed Grand Mosque in Abu Dhabi, and the accompanying delegation, during his official visit to the country. Nyusi and his accompanying delegation began the tour by visiting the tomb of the late Sheikh Zayed bin Sultan Al Nahyan, …

UAE shares concluded the first session of the week in the red, tracking the impact of global declines, amid relative calm in trading, during which the Abu Dhabi index maintained the level of 10054 points, despite its decline by 0.4%, while the Dubai market fell 0.63% at the level of …

Fitch has affirmed Abu Dhabi’s long- and short-term sovereign credit ratings at AA and F1+, respectively, with a stable outlook. The agency said that the ratings granted to Abu Dhabi reflect a set of supporting factors, including high GDP per capita and strong internal and external financial measures, as Abu …