Trading

ABU DHABI, Abu Dhabi Global Market, ADGM, the leading international financial centre in the UAE’s capital, marked its fifth anniversary with a reaffirmed commitment to market-responsive agility and innovation to cement its position as an agile and innovative hub for dynamic and enterprising businesses, building on the strong foundations thatContinue Reading

ABU DHABI, First Abu Dhabi Bank, FAB, has announced the launch of “Super Surprises”, a new artificial intelligence, AI, tool that monetises payments data through effective campaigns resulting in increased sales and new customer footfall for merchants. “Super-Surprises” is the latest of the offerings under the bank’s “Payment as aContinue Reading

ABU DHABI, The Abu Dhabi Department of Economic Development, ADDED, announced the implementation of the Foreign Direct Investment Law within the Emirate of Abu Dhabi by issuing the “Foreign Direct Investment License” which will enable investors to hold 100 per cent ownership of their businesses in Abu Dhabi. The licenseContinue Reading

ABU DHABI, Abu Dhabi Commercial Bank PJSC, ADCB, today reported its nine-month financial results for 2020, 9M20. According to the financial statement, net profit of AED 1.366 billion in Q3’20, up 11 per cent quarter on quarter and 3 per cent lower year on year, representing a return on averageContinue Reading

ABU DHABI, International Holding Company PJSC, ADX: IHC, today announced its financial results for 3Q 2020. Revenue for the third quarter 2020 jumped 8-fold to AED 2.2 billion from AED 260.3 million in 3Q 2019. This was driven primarily by the following three company verticals; healthcare, food products and maintenanceContinue Reading

ABU DHABI, The non-oil foreign merchandise trade through the ports of Abu Dhabi Emirate amounted to AED80.2 billion in the period from January through May 2020, according to the figures of the Statistics Centre-Abu Dhabi. Re-exports stood at AED14.8 billion, and exports to AED23.2 billion, with imports went up byContinue Reading

ABU DHABI, UAE financial markets on Tuesday posted gains of around AED7 billion in market cap driven by upbeat sentiments at the realty sector and significant cash inflows by institutions and individuals alike. For the third day straight, Abu Dhabi’s main stocks index continued to rise, edging up 1.25 pctContinue Reading

ABU DHABI, Credit facilities provided by UAE banks to non-resident clients rose by AED17.5 bn over the first eight months of the year, statistics by the Central Bank of the United Arab Emirates have shown. The cumulative balance of bank loans to non-residents increased 10.5 percent by the end ofContinue Reading