DUBAI / WAM Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank branches is the highest in the region at US$18.6 million per branch for retail services. Sehgal added, in statements to Emirates News Agency (WAM), that digital transformation has enabled Gulf banks to …

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has approved the launch of the Yas Canal residential project in Al Raha Beach. The AED3.5 billion project will include 1,146 residential villas for UAE Nationals and is being overseen by the Abu Dhabi Housing …

WORLD CAPITALS / WAM Gold prices were stuck in a tight range on Tuesday as investor focus turned to US inflation data due later this week, which could shed more light on the timing of the Federal Reserve’s first interest rate cut this year, Reuters reported. Spot gold was little changed at $2,172.58 per ounce, as of 0549 GMT. Also, …