ABU DHABI / WAM A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves of banks operating within the UAE exceeded AED500 billion for the first time. According to the latest data released by the Central Bank of the UAE (CBUAE), the sector’s capital and reserves witnessed a substantial year-on-year …

ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced on Tuesday that it has successfully tested the fractional Sukuk technology in a safe environment to make sukuk investing more accessible to retail customers after receiving the initial approval from the Regulations Lab within the UAE government under the supervision of the Securities and …

ABU DHABI/AD MEDIA OFFICE On behalf of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has led the UAE delegation at the World Without Hunger Conference, taking place in Addis Ababa, Ethiopia. The conference was inaugurated by His Excellency Dr Abiy Ahmed, Prime …