CHENNAI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate and Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), have called upon G20 nations to take a greater leadership role in climate change mitigation and adaptation. With only 125 days to go, the leaders on Thursday ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points — from 5.15 to 5.40 percent, effective from Thursday. This decision was taken following the US Federal Reserve Board’s announcement on 26th July, 2023, to increase the Interest on Reserve Balances ...

DUBAI / WAM Emirates Islamic delivered its highest ever half-year net profit, with an exceptional jump of 73 percent to AED 1.2 billion during the first half of 2023. This record profit was driven by higher funded and non-funded income reflecting improved business sentiment. Strong operating performance on higher funded income and higher non-funded income. Total income up 71 percent ...