UMM AL QUWAIN / WAM “Mint Gateway” and “Alternative Venture Capital”, a subsidiary of Abu Dhabi Capital Group, have announced receiving in-principle approval from the Central Bank of the UAE (CBUAE) to establish “Omla Community Bank”, which will be headquartered in the Emirate of Umm Al Quwain, with operational plans covering all emirates of the UAE. Speaking on behalf of …

ABU DHABI / WAM EMSTEEL on Wednesday reported first-quarter revenue of AED2.2 billion, remaining broadly in line with the corresponding period in the prior year. EMSTEEL reported EBITDA of AED483 million for Q1 2026, representing an 82 percent year-on-year (YoY) increase. EBITDA margin expanded to 22.3 percent, compared to 12.3 percent in Q1 2025. The improvement was driven by a …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman. Their Highnesses exchanged greetings and cordial conversations with fellow Sheikhs and guests at the majlis, and discussed a number of national issues concerning the country and its people, praying for the UAE’s continued …