Recent Posts

UAE banking sector tops GCC with $771bn assets

  ABU DHABI / WAM The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics from the Central Bank of the UAE issued at the end of last year. This reflects ...

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UAE-Russia non-oil trade hits $1.6 billion

  ABU DHABI / WAM The volume of non-oil trade between the UAE and Russia touched about US$1.6 billion during the first 9 months of 2016, compared to about $2.5 billion during the whole of 2015, according to a report released by the UAE Ministry of Economy, on reviewing the trade policies with Russia. The report also shed light on ...

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ADGM, Singapore authority to boost FinTech innovation

  ABU DHABI / WAM The Abu Dhabi Global Market (ADGM) and the Monetary Authority of Singapore (MAS) signed a Cooperation Agreement |(CA) to foster closer cooperation on developments and initiatives that nurture FinTech entrepreneurship and support innovation in financial services in both Singapore and Abu Dhabi. This new partnership was the result of meaningful exchanges between the FinTech teams ...

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