Recent Posts

Ruler of Ras Al Khaimah receives Ambassador of Ukraine

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received today at his palace in the Saqr bin Mohammed City, Dmytro Senik, Ambassador of Ukraine to the UAE, who came to greet him. The RAK Ruler welcomed Ambassador Dmytro Senik and discussed with him aspects of enhancing cooperation ties with ...

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Arab Monetary Fund forecasts 6.2% growth for UAE economy in 2025

ABU DHABI/WAM The UAE’s economy is expected to grow by 3.9 percent in the current year, 2024, rising to 6.2 percent in 2025, according to the Arab Monetary Fund (AMF). In its Arab Economic Outlook report issued today, the AMF stated that the expected growth of the UAE’s economy this year is driven by continued improvements in tourism activity, real ...

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FAB achieves H1 2024 net profit of AED8.4 bn, revenue of AED15.7 bn

ABU DHABI/WAM First Abu Dhabi Bank (FAB) has delivered record financial results for the first half of 2024, with a net profit of AED8.4 billion, and revenue of AED15.7 billion, a growth of 16 percent year-on-year (YoY), underlining the bank’s consistent growth trajectory.Profit before tax grew 15 percent YoY to AED10.0 billion, while net profit for the second quarter of ...

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