ABU DHABI / WAM The Federal Customs Authority (FCA) signed a memorandum of understanding (MoU) with Dubai Exports Corporation, a Dubai economic institutions, with a view to boost joint collaboration, facilitate business and trade for Dubai emirate’s exporters and share information and expertise between the parties. The MoU was remotely executed by Alia Almarmoom, Managing Director of Customs Affairs Sector, ...

Dubai / WAM Shuaa Capital has approved the issuance of non-convertible bonds valued at $150 million in one or more tranches in a private placement. These bonds will be listed on a market outside the UAE, the company said in an announcement on the website of the Dubai Financial Market where its shares are listed. During the company’s ordinary general ...

Abu Dhabi / WAM Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around AED9.55 billion in Q2 of 2020, according to data issued by the Statistics Centre-Abu Dhabi (SCAD). The net income of traditional (commercial) banks in Abu Dhabi from interests, investments and other sources of income totalled AED8.5 billion, accounting for 89 percent ...