Abu Dhabi / Reuters Growth of the United Arab Emirates’ gross domestic product is expected to accelerate to 3.9 percent in 2018, a senior official of the Ministry of Economy said on Tuesday, citing a forecast by the central bank. Abdullah Al Saleh, the ministry’s undersecretary for foreign trade, was speaking at a busi-ness conference. Last month, the central bank ...

DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB), the emirate’s second-largest bank by assets, raised $540 million through the sale of a Formosa bond, sources told Reuters on Tuesday. ADCB has been among the most active Gulf banks in the Formosa market in the past year or so. Formosa bonds are sold in Taiwan by foreign issuers and denominated in ...

DUBAI / Emirates Business Emirates NBD, a leading bank in the Middle East and a front-runner in digital banking solutions, and Dynamics Inc. at the 2018 Consumer Electronics Show (“CES”) announced plans to introduce the first battery-powered, interactive payment cards to the United Arab Emirates in 2018. Wallet Card is the world’s first connected, secure payment card. In recognition of ...