ABU DHABI / WAM The Central Bank announced a decrease in money supply aggregate M1 by 2.5%, from AED1,099.8 billion at the end of February 2026 to AED1,072.7 billion at the end of March 2026. The decrease was caused by a decrease in monetary deposits by 4.0%. Meanwhile, currency in circulation outside banks rose by 6.9%. The money supply aggregate …
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ABU DHABI/WAM The Central Bank of the UAE (CBUAE) today announced the key outcomes of the comprehensive proactive support package aimed at enhancing the resilience of financial institutions. The CBUAE said the total value of facilities benefiting from the package reached AED6.2 billion, including loan deferments, interest relief and fee waivers. It noted that the number of beneficiaries reached 65,379, …
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SHARJAH / WAM Bank of Sharjah today announced its financial results for the three-month period ended 31st March 2026, reporting exceptional performance and reinforcing the strong momentum achieved over the last two years. The Bank recorded net profit of AED151 million, up 30% from AED116 million in 2025, while profit before tax increased 28% to AED166 million, reflecting strong revenue …
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ABU DHABI/WAM Abu Dhabi Islamic Bank (ADIB) sustained its positive momentum in Q1 2026, delivering strong financial performance across the group. According to financial results, the bank recorded a year‑on‑year increase of 8%, with net profit before tax reaching AED 2.1 billion in the first quarter, up 2.3% compared to the previous quarter. The earnings growth reflects healthy balance sheet …
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ABU DHABI/WAM Abu Dhabi Commercial Bank (ADCB) reported a net profit after tax of AED3.361 billion for the first quarter of 2026, delivering a return on average equity of 16.3 percent. The bank recorded a pre-tax profit of AED3.781 billion, marking a 30 percent increase compared to the same period last year and extending its growth streak to 19 consecutive …
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SHARJAH / WAM United Arab Bank PJSC (UAB) has reported a net profit of AED 75 million for the first quarter ended 31 March 2026. The results are underpinned by 16% year-on-year growth in total operating income, reflecting the Bank’s disciplined execution of its strategy, strong asset growth, and prudent risk management amid global market volatility and regional geopolitical uncertainty. …
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RAS AL KHAIMAH / GULF TIME Across all products and services for our Corporate, SME, and Retail Clients. We remain open for business, supporting customers through short-term disruption while continuing to support their long-term ambitions. All-time high quarterly profit after tax Supported by industry leading net interest margin of 4.0% & CASA ratio of 65.6% and boosted by the gain …
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ABU DHABI / WAM Emirates Development Bank (EDB) on Monday announced a landmark strategic milestone, recording AED1 billion in monthly financing approvals. This scale of capital deployment reinforces the UAE’s position as a global economic safe haven. While international markets navigate shifting trade dynamics and geopolitical complexities, EDB is actively executing a long-term vision to guarantee the nation’s economic resilience. …
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ABU DHABI / WAM In a significant milestone that reflects the maturity of its institutional framework and reinforces its position as a leading regulatory authority, the Central Bank of the UAE (CBUAE) has obtained the BS 13500:2013 certification in Effective Governance Management Systems from the British Standards Institution (BSI). This achievement underscores the Bank’s strong commitment to applying the highest …
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ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced an increase in money supply aggregate M1 by 1.7 percent, from AED1,081.3 billion at the end of January 2026 to AED1,099.8 billion at the end of February 2026. The increase was supported by an increase in currency in circulation outside banks by 1.4 percent and in monetary deposits …
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