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‘UAE flag embodies loyalty to homeland’

Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister for Tolerance, has said that the UAE flag represents loyalty and love for the country and supports all its objectives and aspirations. In a statement to mark the UAE’s Flag Day on Thursday, Sheikh Nahyan said, “It is an honour for all of us to celebrate the day with ...

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Assets of UAE traditional banks soar to AED2.1trn

Abu Dhabi / WAM The assets held by traditional banks operating in the UAE surged to AED2.103 trillion, accounting for 79.6 percent of the total assets of the country’s banking apparatus until the end of September, according to statistics released by the UAE Central Bank. The assets of the country’s Islamic banks neared AED5.39 billion, making up 20.4 percent of ...

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UAE federal department expenses hit AED31.5bn

Abu Dhabi / WAM The UAE federal government departments’ total expenses amounted to AED31.5 billion in nine months, according to official figures released by the Ministry of Finance as part of a report on the financial performance report on the implementation of the country’s general budget. Public services’ expenses totalled around AED10.4 billion, accounting for 33 percent of total federal ...

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