ABU DHABI: EasyLease, the leading Mobility Solution company and subsidiary of International Holding Company (IHC), has released its financial results for the first half of 2024, reporting AED 189.72 million in revenue, a notable 36.1 percent year-on-y…
RIO DE JANEIRO: At a joint G20-COP28 event on sustainable finance, Brazil today endorsed the UAE Declaration of Leaders on a Global Climate Finance Framework, launched by key world leaders at COP28, building momentum towards the Framework’s goal of de…
FUJAIRAH: The National Bank of Fujairah (NBF) recorded net profit after tax of AED 441.2 million for the first half of 2024, with a corporate tax charge of AED 43.8 million.
According to a press statement today, Thursday, NBF recorded a year-on-year …
RIO DE JANEIRO: Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, has reaffirmed the UAE’s commitment to sustainable finance and collaboration with Brazil, the current Chair of G20, to achieve climate finance goals, emphasising that f…
ABU DHABI: First Abu Dhabi Bank (FAB) has delivered record financial results for the first half of 2024, with a net profit of AED8.4 billion, and revenue of AED15.7 billion, a growth of 16 percent year-on-year (YoY), underlining the bank’s consistent …
ABU DHABI: The UAE’s economy is expected to grow by 3.9 percent in the current year, 2024, rising to 6.2 percent in 2025, according to the Arab Monetary Fund (AMF).
In its Arab Economic Outlook report issued today, the AMF stated that the expected gr…
South Korea’s economy retreated in the second quarter of the year as weaker domestic demand clouded recovery prospects despite robust exports, South Korean central bank data showed Thursday.
The country’s real gross domestic product, a key measure of…
Oil prices rose at settlement at the end of Thursday’s trading, after strong US economic data boosted expectations of higher demand for crude, but concerns about lower Chinese oil imports limited gains.
Brent crude futures for September delivery rose…