Third-quarter net profit was $682mln DUBAI- First Abu Dhabi Bank, the United Arab Emirates' biggest lender, reported a 19% fall in quarterly profit on Monday, dragged down by a double-digit drop in net interest income and higher impairment charges. Third-quarter net profit was...

The Dubai Multi-Commodities Centre offer is valid until December 31 The Dubai Multi-Commodities Centre (DMCC), a free economic zone, has rolled out an offer to international companies to set up a representative office in the emirate in five working days for a free 6-month trial period....

They can also opt to receive the flu vaccines at home for a flat fee of Dhs500 per household The Abu Dhabi Health Services Company (SEHA) announced on Monday that it will administer the seasonal influenza vaccine for free to all residents of the emirate. It will be available at...

Travel insurance with Covid-19 cover is now mandatory for travel to many countries Visa services outsourcing company VFS Global is offering Covid-19 insurance coverage for travellers. The policy complies with EU requirements and waives the exclusion of epidemic and pandemic...

The UFC lightweight champion Khabib Nurmagomedov defeated Justin Gaethje in a blockbuster bout at the UFC 254 held at the Flash Forum on Yas Island in Abu Dhabi on Saturday. The undefeated lightweight champion put up a perfect performance once again in Abu Dhabi with a dominant show to...

The Ministry of Health and Prevention (MoHAP), said on Friday that it has carried out over 120,351 additional COVID-19 tests in the country over the last 24 hours, using the latest testing methods. The Ministry said in a statement that the intense testing drive uncovered 1,563 new cases of...

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has urged all the citizens, residents and all the ministries to raise the UAE flag on Nov.3 to mark Flag Day “Brothers and sisters, our country will celebrate Flag Day soon...

Islamic finance will be the backbone of Sberbank business activity in the region ABU DHABI - The largest commercial bank in Russia, Central and Eastern Europe is on course to opening an office in Abu Dhabi by the end of this year, according to a top executive. In late September,...

A total of 67 plots were sold for $72.61mln, 825 apartments and villas were sold for $362mln DUBAI - The real estate and properties transactions valued at AED4 billion in total during the week ending 22 October 2020. The sum of transactions was 1,369. A total of 67 plots were sold...

The introduction of these regulations represents the second step towards implementation of the new Dirham Monetary Framework announced earlier this year ABU DHABI - The Central Bank of the UAE, CBUAE, announced today that, effective 28 October 2020, it will introduce new regulations...