ABU DHABI/WAM The UAE Banks Federation (UBF) has reiterated its commitment to enhance the efforts of its member banks to develop the necessary frameworks, under the direct supervision of the Central Bank of the UAE. This ensures the best utilisation of advanced technologies in the banking industry and maintains the UAE’s leading position in driving financial and banking innovation and ...

ABU DHABI/WAM ADNOC Logistics and Services (ADNOC L&S) plc announced on Monday financial results for the first quarter (Q1) ending 31st March 2025. ADNOC L&S revenue for Q1 was $1,181 million (AED4,339 million), a 41 percent year-on-year increase. EBITDA rose by 20 percent to $344 million (AED1,262 million) in the same period, driven by robust performance across all business segments, ...

DUBAI/WAM The United Arab Emirates (UAE) has maintained its leading position among countries with “very high human development” climbing 11 spots globally in the 2025 Human Development Index (HDI) report issued by the United Nations Development Programme (UNDP), compared to its 2021–2022 ranking. The United Arab Emirates ranked 15th globally out of 193 countries covered by the report, outperforming nations ...