Recent Posts

18 banks, financial firms record AED46.47b profit

ABU DHABI / WAM A total of 18 out of 19 national banks and financial companies registered in Emirati financial markets declared their financial figures for 2019, which highlighted an increase in their total net profits to AED46.47 billion, an increase of 11.6 percent compared to AED41.63 billion in 2018. The reported increase reflects the ability of the national banking ...

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Abu Dhabi’s Ghadan 21 programme accelerates emirate’s development

Abu Dhabi / WAM From instant licences and incubators, to affordable school places and art springing up all over town, Abu Dhabi’s AED 50 billion ($13.6 billion) programme Ghadan 21 is accelerating Abu Dhabi’s development as a place where businesses, innovative ideas and diverse people can not only grow, but thrive. Envisioned by His Highness Sheikh Mohamed bin Zayed Al ...

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Abu Dhabi Consumer Price Index falls 1.8%

ABU DHABI / WAM The Statistics Centre – Abu Dhabi (SCAD) reported on Sunday that the Consumer Price Index (CPI) decreased by 1.8 percent in January 2020, compared with the same month in 2019. According to the latest index report of the statistics authority, the CPI reached 109.7 percent in January 2020, while it was 111.8 percent in January 2019. ...

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