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 …

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 …

ABU DHABI/AD MEDIA OFFICE His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs, has chaired the inaugural meeting of the Smart and Autonomous Systems Council at Qasr Al Watan. At the outset of the meeting, His Highness welcomed the council members and conveyed his hopes for their success in fulfilling …