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…
ABU DHABI: Emirates Global Aluminium (EGA) today announced that it became the first company in the world to digitally connect its metal quality analysis system to the London Metal Exchange.
The digital connection automates the process of submitting c…
ABU DHABI: In efforts to enhance awareness of Corporate Tax and encourage compliance among Taxable Persons subject to Corporate Tax, the Federal Tax Authority (FTA) reminds Resident Juridical Persons that are subject to Corporate Tax with Licences iss…
GENEVA: A new report from the International Labour Organisation (ILO), Heat at work: Implications for safety and health, warned that more workers are being exposed to heat stress worldwide.
The report estimated that 4,200 workers globally lost their …
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…
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