UAE

Media IN Abu Dhabi  21st-07-2019 WAM Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, and the Bahrain-based Islamic multinational banking group Al Baraka Banking Group on Sunday announced the signing of a memorandum of understanding (MoU). Upon the MoU, the strategic alliance will offer their clients …

Media IN SHARJAH, 21st July, 2019 (WAM) A delegation from Sharjah Finance Department, SFD, has visited Tokyo, Japan, and met with key Japanese finance officials to discuss various possibilities that can help bolster relationships between the two sides. The meetings were held at the Japan Bank for International Cooperation, JBIC, …

Media IN ABU DHABI, 21st July, 2019 (WAM) The vital projects between the UAE and China reflect the close cooperation between the two countries and the UAE’s strategic role in supporting the success of China’s ‘Belt and Road’ initiative as the gateway to the Middle East and North Africa. The …

Media IN Dubai  21st-07-2019 Emirates NBD, a UAE-based leading banking group, announced it is looking to expand its footprint in Saudi Arabia. This major move comes after the bank obtained the Saudi Arabian Monetary Authority’s (SAMA) approval to open 20 additional branches in the Kingdom, according to a press release. …

Media IN FUJAIRAH, 21st July, 2019 (WAM) National Bank of Fujairah (NBF), listed on the Abu Dhabi Securities Exchange (ADX), reported a 15.1% year-on-year growth in its net profit for the first half of 2019, recording AED 357.1 million.  NBF has achieved an AED 567 million in operating profit in …

Media IN ABU DHABI, 20th July, 2019 (WAM) Bilateral trade between China and the UAE reached US$11.2 billion in the first quarter of 2019, a 16.21 percent increase compared to the same period in 2018, said Ni Jian, the Chinese Ambassador to the UAE. “China-UAE trade is expected to maintain …

Media IN DUBAI, 20th July, 2019 WAM Dubai’s Roads and Transport Authority (RTA) and raid-hailing company Careem on Saturday launched taxi e-hailing brand in Dubai under a Joint Venture (JV) named Hala. The new platform will begin its services to customers as of September 2019 through taxi vehicles, according to …

Media IN SHARJAH, 20th July, 2019 WAM The Sharjah International Airport Free Zone, SAIF ZONE, and Hamriyah Free Zone Authority, HFZA, have bagged two international awards, in recognition of their sustained efforts to develop state-of-the-art business infrastructure that meet investors’ growing needs. The two free zones received the European Society …

Media IN ABU DHABI, 19th July, 2019 (WAM) The data from Ookla showed network performance of UAE as one of the highest in the world with the country jumping 16 places in the ranking in one month. According to the latest data from Ookla, a global leader in internet testing, …

Media IN Dubai 18th-07-2019 The general index of the Dubai Financial Market (DFM) went up 46.89 points, or 1.73%, to 2,762.98 points on Thursday. Market capitalisation rose to AED 361.57 billion on Thursday, compared to AED 356.3 billion yesterday. Trading volume reached 185.78 million shares, while liquidity hit AED 351.7 …