Al Shafar General Contracting (ASGC Group) announced a contribution of AED5 million to the Community Solidarity Fund Against COVID-19, which was launched by the Islamic Affairs and Charitable Activities Department in Dubai
H.H. Sheikh Hamdan made the statements as he chaired today a virtual meeting of the Financial and Economic Committee, in the presence of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
Emirates NBD (DFM: EmiratesNBD), a leading banking group in the region, delivered a solid set of results with net profit increasing 3% q-o-q to AED 2.1 billion. Net interest income increased 45% y-o-y and non-interest income grew 48% y-o-y with the acquisition of DenizBank in 2019
As part of its ongoing mandate to safeguard consumers, the CBUAE developed detailed regulations and guidelines in relation to the TESS. Banks are urged to process more applications from individuals, corporates and SMEs whose business operations are affected by the implications of the pandemic.
A new joint partnership between the Department of Finance and ADCB, ADIB and FAB will provide small and medium-sized companies with more financing options.
Mashreq today has reported AED450 million in Q1-2020 net profit.In a statement Thursday, the bank said its operating income during the first quarter of the year stood at AED1.5 billion, a slight decline compared to last year.
The Sharjah Economic Development Department, SEDD, announced a number of new precautionary and preventive measures for workers, to protect their health and safety.
The Federal Tax Authority, FTA, has reiterated its full commitment to supporting taxpayers and enabling them to fulfil their tax obligations during these exceptional times, as authorities ramp up their precautionary efforts in the light of the new challenge the world is currently experiencing.
The UAE stock markets have maintained their competitive edge in the Gulf and Middle East region over the past period, as their average Price Earnings Ratio (P/E Ratio) stood at 12.43 times over the past 12 months, according to recent statistics
The Federation of the UAE Chambers of Commerce and Industry, FCCI, is reconsidering its relations with countries that have not responded to repatriation requests from their citizens who worked in the private sector in the UAE but wanted to return home after taking leave from their jobs.
The Governor of the Central Bank of the UAE (CBUAE), Abdulhamid Saeed, held his first meeting with CEOs of banks operating in the country to emphasise the systemic significance of extending support to private sector companies and individuals affected by COVID-19
The UAE’s federal export credit company, Etihad Credit Insurance, ECI, is supporting UAE exporters and businesses facing payment and supply chain disruption concerns due to COVID-19 with a range of services that will help them navigate these economic times.
The UAE Ministry of Economy announced on Sunday the reduction of fees associated to 94 services provided to individuals, companies, and the business sector.
His Highness Sheikh Mohammed made the statement while chairing a virtual meeting of the UAE Cabinet this morning. "We are proud of the flexibility and readiness shown by the UAE Government in dealing with the current developments. Our services are continuing around the clock," His Highness said.
The total value of the UAE’s non-oil trade in the first half of 2019 increased to AED786 billion, a 3.3 percent growth compared to AED760.5 billion in the first half of 2018, according to the Federal Competitiveness and Statistics Authority, FCSA.
With more than 35 years of experience in the banking and financial services, Saeed held key positions as a board member of the First Abu Dhabi Bank, the Abu Dhabi Developmental Holding Company, the Emirates Investment Authority, the Abu Dhabi Securities Exchange and Sky News Arabia.