Media In – Rasha elsharkwy – 10 September UAE businessman Khalaf Al Habtoor called on Etisalat to lift the ban on free calls through Watasab. He said that the service is available in most countries of the world, while in the UAE we seek to be always pioneers and two …
Read More »Cooperation between Abu Dhabi International Market and Abu Dhabi Chamber to facilitate corporate business
Media In – Abu Dhabi 9 September Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a Memorandum of Understanding (MoU) with the Abu Dhabi International Financial Center (ADX), the International Financial Center in Abu Dhabi, to enhance mutual cooperation and exchange best practices for registration, expertise and information. …
Read More »AED 16.6 billion net income of Abu Dhabi banks in 6 months
MEDIA, Abu Dhabi, Sept. 9, 2018 (WAM) Net income of commercial and Islamic banks operating in Abu Dhabi rose to 16.6 billion dirhams in the first half of 2018, an increase of 8.4 percent over the same period of 2017. The increase in the net income of Abu Dhabi banks …
Read More »“Securities” issues a decision on the adoption of the regulatory framework for financial technology
” MEDIA, Abu Dhabi, Sept. 9, 2018 (WAM) Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Securities and Commodities Authority (SCA), issued a decision on the adoption of the regulatory framework for financial technology / regulations for the experimental environment, which will come into force on …
Read More »Stimulate business in Abu Dhabi with two new resolutions
Media In – Abu Dhabi – September 9 , The Abu Dhabi Department of Economic Development (ADCED) issued two resolutions aimed at facilitating business practices in the Emirate of Abu Dhabi as part of the initiatives and incentives offered to private sector companies operating in the Emirate. In its first …
Read More »AED 61 billion surplus of non-resident deposits on their loans in the banking system
MEDIA, Abu Dhabi, Sept. 6, 2018 (WAM) The UAE banking system has attracted more non-resident customers who have decided to inject more money into local banks, contributing AED 61 billion to their loans over the first seven months of this year. Industry experts said the UAE’s banking industry’s strong confidence …
Read More »AED 1.7 billion Abu Dhabi trade with Oman in five months
MEDIA, Abu Dhabi, Sept. 6, 2018 (WAM) Abu Dhabi’s trade with Oman amounted to AED 1.7 billion in the first five months of 2018, an increase of 54.5 percent over the same period of 2017, reflecting a continued high level of trade exchange between the two sides. The trade exchange …
Read More »Half a million licenses issued by the country’s economic development departments
Media In – Abu Dhabi – 5 September 2018 / WAM / The total number of licenses for economic activities in the UAE rose to about 532 thousand licenses at the end of last August, a growth of 9% compared to the end of 2017, according to the latest statistics …
Read More »Securities “to modify the system of brokerage in the markets
Media In – Abu Dhabi, 5 September 2018 (WAM) Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Board of Directors of the Securities and Commodities Authority (SCA), issued Resolution No. (27) for the year 2018 on “Amendments to the Board of Directors Resolution No. 27 of …
Read More »AED 7.5 billion gains in UAE stocks supported by a possible bank merger
MEDIA, Abu Dhabi, September 4, 2018 (WAM) The market value of UAE capital markets gained AED 7.5 billion during today’s session by supporting preliminary negotiations for a possible new merger between three banks including Abu Dhabi Commercial Bank, National Union and Al Hilal Bank. The shares of Abu Dhabi Commercial …
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