ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has announced a new incentive initiative crafted exclusively for established businesses situated on Al Reem Island, operating within the non-financial and retail sectors. This initiative is strategically designed to bolster support for these businesses during their transition from the Abu Dhabi Department of Economic Development (ADDED) to ADGM. Through this incentive …

DUBAI / WAM Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank branches is the highest in the region at US$18.6 million per branch for retail services. Sehgal added, in statements to Emirates News Agency (WAM), that digital transformation has enabled Gulf banks to …

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has approved the launch of the Yas Canal residential project in Al Raha Beach. The AED3.5 billion project will include 1,146 residential villas for UAE Nationals and is being overseen by the Abu Dhabi Housing …