Trading

ABU DHABI, Etihad Airways has provided details of its half-year 2020 performance, which saw a strong start to the year, with the airline progressing well ahead of its transformation plan targets. In a statement by the airline on Thursday, Core operating loss for this period increased by US$172 million toContinue Reading

“Despite challenging market conditions, ADNIC delivered a resilient performance with sustained growth across key metrics and recorded a net profit of AED 189.7 million for the six-month period ended 30 June 2020, a 59.9% increase compared to the same period last year. ADNIC’s performance was driven by effective business continuityContinue Reading

ABU DHABI, Driven by upbeat sentiments following the H1’s positive financial results announced by some of the listed companies in the country’s two main bourses, the UAE financial markets posted combined gains of AED8.2 billion in market cap on Thursday. Abu Dhabi’s main stocks index was remarkably up 1.25 percentContinue Reading

The Abu Dhabi Chamber of Commerce and Industry has organized an online workshop on the Digital Legal Services for Businesses in Abu Dhabi. The workshop aimed at exchanging experiences and increasing joint cooperation in amicable mediation. A number of representatives from the legal departments from the UAE Chambers of CommerceContinue Reading

Dubai, Dubai Economy will extend its consumer protection services to free zones in Dubai under an agreement with the Dubai Free Zones Council. The agreement, which is part of enhancing co-ordination between government, government-related and private entities to improve the overall customer experience in Dubai, will allow consumers of freeContinue Reading

ABU DHABI, The Central Bank of the UAE and the Arab Monetary Fund, AMF, announced the signing of an agreement to offer clearing and payment settlement services in Emirati Dirhams, AED, through the “Buna” platform for Arab payments, after the completion of technical link operations. The announcement concludes the effortsContinue Reading

Dubai, Dubai Economy, in partnership with the Mohammed bin Rashid School of Government (MBRSG), has launched ‘The Great Economic Reset Programme’ as part of the efforts to reshape the emirate’s economy and reset it towards a more agile, sustainable, resilient, and inclusive post-pandemic future. The Programme will feature robust analysisContinue Reading

Abu Dhabi, UAE, ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced today the formation of a new strategic joint venture (JV) with Wanhua Chemical Group (Wanhua). The new company named AW Shipping Limited is incorporated in AbuContinue Reading