SHARJAH / WAM United Arab Bank P.J.S.C. (UAB) reported its financial results for the six months ending 30th June 2026, earning a net profit of AED201 million. The results are underpinned by 13% year-on-year growth in total operating income, reflecting the Bank’s disciplined execution of its strategy, strong asset growth, and prudent risk management amid global market volatility and regional …
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved the National Programme for Developing the Statistics System in the UAE. This strategic initiative embodies the UAE’s commitment to enhancing the quality of official economic statistics, keeping pace with rapid transformations of the economy, and consolidating the UAE’s standing …
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ABU DHABI/WAM The United Arab Emirates has condemned in the strongest terms the attack by the Houthi group targeting the Saudi-flagged vessel Encelia while sailing in the Red Sea. In a statement, the Ministry of Foreign Affairs (MoFA) affirmed that this attack constitutes a grave threat to the safety and security of international navigation and represents a dangerous escalation aimed …
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ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday received His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, who was accompanied by His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah. During the meeting, Their Highnesses exchanged cordial greetings and discussed various topics …
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ABU DHABI / WAM H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, received a delegation from Etihad Rail, developer and operator of the UAE National Railway Network, headed by Shadi Malak, CEO of Etihad Rail, at Al Nakheel Palace in Abu Dhabi. The delegation was accompanied by several senior executives from the company. H.H. Sheikh …
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ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, on the anniversary of the July 23 Revolution. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin …
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ABU DHABI / WAM First Abu Dhabi Bank (FAB) delivered a strong performance in the first half of 2026. Net profit grew by 1 percent yoy to AED10.73 billion in H1’26, and Return on Tangible Equity (RoTE) remained firmly above the group’s medium-term guidance at 18.5 percent. The group reported a 7 percent yoy growth in operating income to AED19.50 …
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WORLD CAPITALS / WAM Gold ticked lower on Thursday, slipping from two-week highs hit in the previous session. Spot gold inched 0.2 percent lower at $4,122.49 per ounce as of 0515 GMT, having climbed to $4,165.87 in the last session, its highest since 7th July. The US gold futures for August delivery fell 0.6 percent to $4,125.30. Spot silver was …
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Alyakka Developers has successfully handed over Waha Living, its inaugural freehold residential development in Jumeirah Garden City, marking a significant milestone for the UAE homegrown developer. Delivered on schedule, the AED 110 million development is already approximately 70% occupied, reflecting strong buyer confidence in a developer whose roots in Dubai’s real estate market extend back more than 25 years. Unlike …
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ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the launch of Marsa Al Saadiyat, a development with a gross development value of AED100 billion, spanning a total area of 6.4 million square metres. Aldar is the master developer of the project, responsible …
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