ABU DHABI / WAM AbdulAziz Al Ghurair, Chairman of UAE Banks Federation (UAEBF) commended the UAE Central Bank’s decision to provide an AED100 billion stimulus package, noting that it will give a significant boost to the UAE banking sector, and have far-reaching impact on various sectors that underpin the economy. “During these times of worldwide uncertainty, taking decisive measures like ...

ABU DHABI / WAM The Authority of Social Contribution, Ma’an, and Aldar signed a strategic agreement that will see both organisations address priority social challenges through social contracting. Aldar will invest AED2 million, a demonstration of their commitment to the programme. As part of the agreement, Aldar and Ma’an will work together to build a Social Impact Bond, with the ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) announced to the investor community that the Exchange is temporarily closing its trading hall in its main offices in Abu Dhabi as well as those in the other emirates beginning March 15 and until further notice. According to a press statement, the decision was taken by ADX as “a precautionary ...