ABU DHABI / WAM The Arab Bank for Investment and Foreign Trade donated AED1.7 million to the Zakat Fund, as part of the responsibility of banks in the UAE to provide zakat money to eligible beneficiaries through the Zakat Fund, by supporting its charity and humanitarian projects. The donation took place during a meeting between Abdullah Aqeeda Al Muhairi, Secretary-General ...

DUBAI / WAM The Emirates Centre for Transport and Leasing, a subsidiary of Emirates Transport (ET) announced the signing of a number of new and renewal contracts, expected to be worth AED590 million for the first quarter of 2018. The centre said that the contracts were signed with both government and private sectors for a term spanning three to five ...

DUBAI / Reuters Most United Arab Emirates interbank offered rates (EIBOR) rose on Sunday as the central bank introduced a new way of calculating them, seeking to make the system more transparent and reflect market conditions more accurately. The one-month rate edged up to 1.93500 percent from 1.92667 percent on Thursday, while the one-year rate jumped to 3.03998 percent from ...