ABU DHABI/ WAM Abu Dhabi Commercial Bank (ADCB) is establishing a strategic presence in Saudi Arabia, leveraging its strong balance sheet and sophisticated corporate banking capabilities to support a growing client base, and contribute to the deepening of regional economic relationships. ADCB has received an in-principle approval from the Kingdom’s Council of Ministers and will open a branch in Riyadh, ...

DUBAI/ WAM Dhai Dubai, the first-ever Emirati-led light art festival, has revealed an enlightening line-up of cultural activities, set to immerse visitors at Expo City Dubai and Al Wasl Plaza later this month. Created and produced by Expo City Dubai in partnership with AGB Creative, and supported by Dubai Culture and Arts Authority, Dhai Dubai invites visitors to engage with ...

VIENNA/ WAM The Organisation of the Petroleum Exporting Countries (OPEC) said that UAE’s non-oil sector “demonstrated robust growth throughout 2023, and a carry-over of this dynamic is likely to extend into 2024”. According to OPEC’s Monthly Oil Market Report for January, the purchasing managers’ index (PMI) for the UAE non-oil sector reached 57.4 in December 2023, compared with 57.0 in ...