Bank confirms its losses widened from 2019 to 2020 United Arab Bank (UAB) has blamed its exposure to NMC, as well as some legacy issues and the COVID-19 pandemic for its recent losses, which widened in 2020. The bank reported a net loss of 667.3 million dirhams ($182 million) for...

Bank's rigorous approach to cost resulted in a reduction of 7.7% year on year in operating expenses Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), delivered strong recovery of 73% growth in net profit in H2 2020 compared to H1 2020 despite the continuing macroeconomic effects of the...

This is in line with recent government directives that restrict the entry of travellers. Dubai-based Emirates airline has announced temporary flight suspensions. The suspensions are for flights from Dubai to South Africa and from Nigeria (Lagos and Abuja) to Dubai until March 10,...

Rental rates, prices will continue to be under pressure, says Asteco Dubai is likely to see the delivery of more than 41,000 new apartments and villas in 2021, higher than the estimated 34,050 residential units that were completed over the course of 2020, property consultancy Asteco...

The deposits and current balances increased to around $52.31bln in December 2020 ABU DHABI - The total assets of the Central Bank of the United Arab Emirates grew 6.6 percent to AED470.5 bn by the end of December 2020, CBUAE latest statistics have showed. The significant growth is...

Dubai placed third in the ‘FDI Global Cities of the Future2021/2022’ report’s overall global rankings UAE - The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, helped the emirate lay solid foundations for...

180,340 additional COVID-19 tests conducted over the past 24 hours ABU DHABI- The Ministry of Health and Prevention, MoHAP, announced that it conducted 180,340 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on...

Company reports 59% fall in net profit for 2020, says operations remain fully operational UAE’s energy firm Dana Gas said Thursday that it aims to advance the development of its assets in the Kurdistan Region of Iraq (KRI). The company, which operates production and exploration...

Chairman says they remain confident about fundamentals of aviation sector Air Arabia is looking to continue expanding its network this year despite the challenges posed by the coronavirus pandemic, the company’s chairman, Sheikh Abdullah Bin Mohamed Al Thani, said. The airline’s...

18:00 Thu 11 Feb 2021 Price from: 76.62 USD Selling fast BUY TICKETS More info Two exclusive nights of wonderful memories with the Nightingale Abdel Halim Hafez, in a first-class production! Cine-Concert conducted by Maestro Hisham Gabr with highly awarded Almaty...