ABU DHABI / WAM Senaat, one of the leading industrial investment holding companies in the UAE, announced on Tuesday a 16 percent increase in operating earnings in 2017 compared to 2016. The Abu Dhabi-based group said its earnings before interest, tax, depreciation and amortisation (Ebitda) rose to AED2.1 billion from AED1.8 billion a year earlier as revenues surged 18 percent ...

ABU DHABI / WAM The value of subsidy and social privileges and benefits provided by the Federal Government during the first nine months of 2017 amounted to AED38.4 billion against AED34 billion during the corresponding period in 2016, according to the Ministry of Finance data. These include price subsidies, social benefits and other privileges provided to UAE nationals, including plots ...

ABU DHABI / WAM Lending by UAE banks for industrial and business operations amounted to AED7.4 billion during the first two months of the year, a growth of 1 percent over the end of last year, bringing to AED755 billion the cumulative balance of funding provided to industrial and business activities. The gross credit lent to the industrial and business ...