Abu Dhabi / WAM The central bank of the United Arab Emirates (CBUAE) announced that gross banks’ assets, including bankers’ acceptances, increased by 0.7%, rising from AED 3.615 trillion at the end of October 2022 to AED3.639 trillion at the end of November 2022. According to figures published in CBUAE’s November summary report on monetary and banking developments, gross ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of congratulations to Chris Hipkins on his election as Prime Minister of New Zealand. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent a similar message of congratulations to Hipkins.

  Abu Dhabi / WAM Bayanat, a provider of AI-powered geospatial solutions, on Monday reported its preliminary financial results for 2022, reaching AED788 million in revenue, with a net profit of AED202 million for the year. Bayanat’s FY-2022 revenue reached AED788 million compared to AED367 million for the previous year, marking a substantial increase of 115%. The company also reported ...