DUBAI/WAM S&P Global Ratings expects strong growth in the UAE’s Islamic finance sector to continue over the coming period, supported by the strong performance of the non-oil economy. According to the agency, the UAE has seen significant growth in Sukuk in foreign currency issuance since the beginning of the year, with issuance activity in the real estate and financial institutions ...

ABU DHABI/WAM ADNOC Drilling Company on Wednesday announced record financial results for the third quarter and first nine months of 2024. The company’s third-quarter revenue increased significantly to $1.026 billion, rising by 32% year-on-year. The company said that the remarkable growth has been fueled by the expansion of onshore and offshore fleets and the continued growth of the oilfield services ...

SINGAPORE/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with UAE students currently studying at Singaporean universities and institutes, as well as a group of Emiratis training across key sectors, supporting the exchange of experiences and the development of future skills, contributing to the sustainable development of a knowledge-based, innovative national economy. ...