Bloomberg The yen’s plunge to a 20-year low threatens to leave it significantly weaker for years to come, shaking up global money flows and undermining Japan’s efforts to get its fragile economy back on track. The speed of the decline — it’s slumped 11% against the dollar in seven weeks — has caught policy makers off guard and exposed divisions ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) has reported its financial results for the three-month period ended March 31. The group produced a strong set of results with a net profit of AED5.1 billion, up 107 percent from AED2.5 billion in the first quarter of 2022. The results represent the highest quarterly net profit in the bank’s ...

Abu Dhabi / WAM The General Pension and Social Security Authority (GPSSA) revealed that value of government support for Emiratis working in private sector, as part of the contribution calculation salary, reached AED87.74 million in 2021. Ibrahim Shukralla, Head of GPSSA’s Government Communications Office, said the total share of monthly contributions due from insured individuals employed in government and private ...