DUBAI: Mashreq has announced its financial results for the first half of 2024 (H1 2024), logging a net profit of AED4 billion, reflecting a significant 14 percent increase year-on-year (YoY). This growth is largely driven by a 17 percent YoY increase …
MADRID: Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy leader, announced today that it has reached an agreement with Endesa S.A. (Endesa) to become a partner for 2.5 gigawatts (GW) of renewable energy assets in Spain, subject to regu…
China’s major state-owned commercial banks announced on Thursday reductions in deposit interest rates.
The one-year fixed-term deposit interest rate was cut by 10 basis points to 1.35 percent, according to the official deposit interest rates released…
The US economy grew by 2.8 percent in the second quarter of this year, after growing by 1.4 percent year-on-year in the first quarter.
Data from the US Department of Commerce released Thursday showed that the US economy grew more than expected during…
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…