ABU DHABI/WAM The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The capital and reserves of banks operating in the country increased year-on-year (YoY) by about AED45.9 billion or 10.7 percent compared to approximately AED430.7 billion …

DUBAI/WAM Dubai Chambers has signed a Memorandum of Understanding with the Australian Chamber of Commerce and Industry to enhance cooperation, strengthen economic and trade relations, and support the development of partnerships between the business communities in Dubai and Australia. The MoU supports sharing data and expertise between the two parties and cooperation on studies and research relating to trade, investment, …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today ordered the release of 1,138 inmates from correctional institutions on the occasion of Eid Al-Adha. His Highness also pledged to cover all fines imposed on the inmates, who had been sentenced for a variety of offences. His Highness Sheikh Mohamed bin Zayed regularly orders pardons for prisoners …