Abu Dhabi / WAM Etisalat Group announced on Tuesday that its twelve month ending December 31, 2020, consolidated revenues reached AED51.7 billion, while consolidated net profit after Federal Royalty amounted to AED9 billion, an increase of 3.8 percent compared to last year. The group’s board of directors proposed dividend payout of 40 fils per share for the second half of ...

ABU DHABI, HONG KONG / WAM The central bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) jointly announce on Tuesday the exchange of a Memorandum of Understanding (MoU) to enhance collaboration on fintech between the two authorities, with a view to strengthening co-operation between the two jurisdictions in promoting innovative financial services and regulatory ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) on Tuesday announced that it had signed long-term lease agreements for seven Airbus A321neo aircraft with IndiGo, India’s largest passenger airline. All seven aircraft will be powered by CFM International’s Leading Edge Aviation Propulsion (LEAP) engines and are scheduled to be delivered in 2021. Firoz Tarapore, Chief Executive Officer of DAE said, “We ...