Abu Dhabi / WAM The central bank of the UAE (CBUAE) has released a comprehensive report on the Takaful insurance sector in the UAE, with the aim of developing this critical industry and enhancing the country’s position as a leading Takaful insurance market globally. The report highlights the growing importance of the Takaful insurance sector in the local market, as …

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed a high-level delegation from France’s satellite operator Eutelsat, headed by its CEO Eva Berneke. The delegation included Cyril Dujardin, General Manager of the Connectivity BU; Ghassan Murat, Head of Connectivity BU, Mena, Africa and Asia; and Hani El Arja, VP of Connectivity …

  Sharjah / WAM United Arab Bank PJSC (UAB) released its financial results for the year ending December 31, 2022, reporting a net profit of AED155 million. This represents a 120% increase from the AED70 million net profit recorded in 2021, driven by improved operating performance and lower expected credit losses, alongside disciplined cost control. UAB’s core businesses have made …