DUBAI / WAM The Dubai Financial Services Authority (DFSA) said that it is now a member of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), becoming one of the first regulatory authorities in Middle East and North Africa region to join the NGFS. The NGFS is a group of Central Banks and Supervisors willing, on a ...
Read More »ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), on Monday signed a strategic framework agreement with China National Offshore Oil Corporation (CNOOC) to explore new opportunities for collaboration in both the upstream and downstream sectors as well as in liquefied natural gas (LNG). The exchange of the signed agreement was witnessed by His Highness Sheikh Mohamed bin ...
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ABU DHABI / WAM First Abu Dhabi Bank (FAB) has been named ‘World’s Best Bank for Transformation’ at the Euromoney Awards for Excellence 2019, at the recent ceremony in London. This year’s awards demonstrated growing importance of UAE’s banks to global finance sector. FAB was given the award for best bank transformation after successfully merging, integrating, and enhancing its services ...
Read More »DUBAI / WAM The Government of the UAE has launched the new domain name of its official portal to become the first government domain in the world composed of a single letter (U), to facilitate the public access to information, services, projects, strategies and laws in the UAE. The new domain name, developed in cooperation between The Prime Minister’s Office ...
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ABU DHABI / WAM Following its appointment by the Government of Abu Dhabi to deliver AED5 billion worth of landmark projects in the Emirate, Aldar Properties PJSC, Aldar, announced on Monday further details on the expected commercial and socio-economic impacts of those projects. The three projects reaffirm Aldar’s status as the partner of choice for the Abu Dhabi Government. The ...
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DUBAI / WAM Dubai’s economy continues to experience sustained growth from the contribution of business tourism, thereby driving the nation’s economic diversification agenda prioritised in the UAE Centennial 2071 strategy. As such, the Dubai World Trade Centre’s (DWTC) latest economic impact assessment report for 2018 saw a record AED13.1 billion, equivalent to 3.3 percent of the emirate’s gross domestic product ...
Read More »ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), has been adjudged ‘most outstanding in corporate insurance services — UAE’ by the Corporate LiveWire Innovation and Excellence Awards 2019. The Innovation and Excellence Awards are organised by Corporate LiveWire, a quarterly publication based in the UK, which provides information and analysis on the latest global developments to business professionals ...
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DUBAI / WAM The Dubai Financial Market (DFM) announced its financial results for the first half of the year ending on June 30, registering a net profit of AED65.1 million. The net profit of the second quarter of 2019 reached AED37 million, a nine percent increase compared to the profits in Q2 of 2018 at AED33.9 million. “During the first ...
Read More »DUBAI / WAM New banking and licencing solutions tailored to the needs of start-ups, an uptick in the number of fintech start-ups specialising in SME banking and increased cooperation between UAE banks and the country’s start-up ecosystem, are among the key achievements outlined by the Dubai Chamber-led working group on SME banking. The working group, in cooperation with Smart Dubai, ...
Read More »ABU DHABI / WAM Chinese culture and heritage is an integral part of global culture, said Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development. She went on to note that cultural ties between the UAE and China witnessing significant growth, in light of strategic partnership initiatives between the two countries. In an interview with the Emirates News ...
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