ABU DHABI/WAM Abu Dhabi’s abundant green spaces, free public Wi-Fi, excellent public transportation and effective traffic management propelled it from tenth to fifth place in the 2025 IMD Smart City Index, surpassing several major world capitals. Mohamed Ali Al Shorafa, Chairman of DMT, said, “Over the past five years, Abu Dhabi has steadily climbed the world’s smart city rankings, moving ...

ABU DHABI/WAM Abu Dhabi Islamic Bank reported a Q1 2025 net profit before tax of AED 1.9 billion, rising 18% year-on-year, reflecting a strong balance sheet growth, coupled with increased business momentum and a sustained customer growth. Q1 2025 net profit before tax increased 18% compared to Q4 2024, reflecting significant growth and reinforcing the positive trajectory we have built ...

ABU DHABI/WAM The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, successfully completed the auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as ...