The Ministry of Economy announced one of the first businesses to join the landmark NextGenFDI initiative – Krush Brands, a full stack food technology, multi-kitchen food service company. The announcement comes three weeks after the launch of the global…
Day: August 1, 2022
Gross banks’ assets in UAE stand at AED3,442.7 billion in May: CBUAE
ABU DHABI, The Central Bank of the UAE (CBUAE) has announced that the gross banks’ assets, including bankers’ acceptances, rose to AED3,442.7 billion at the end of May 2022, an increase of 2.9 percent, compared to AED3,344.8 billion at the end of April…
CBUAE issues new guidance for licensed financial institutions on risks related to payments
ABU DHABI, The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for its licensed financial institutions (LFIs) on the risks related to payments.The guidance, which co…
ADX welcomes Chimera Capital’s launch of new exchange-traded fund
ABU DHABI, Chimera Capital, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment, announced today the launch of the Chimera S&P Turkey Shariah ETF (Bloomberg: CHTRSHIN). The fund is a physical, in-kind, liq…
e& reports consolidated net profit of AED 4.9 billion for H1 2022, up 2.5 percent
Abu Dhabi, e& (formerly known as Etisalat Group) today announced its financial results for H1 2022.e&’s consolidated revenues reached AED 26.3 billion, while consolidated net profit was AED 4.9 billion, a…
Third auction of UAE Treasury Bonds continues to achieve exceptional results
ABU DHABI, The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the third auction of the Treasury B…
UAE announces 1,088 new COVID-19 cases, 1,004 recoveries, no deaths in last 24 hours
ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 162,695 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.In a statement, the Ministry stressed its aim to continue ex…
UAEU publishes 1077 research articles, awarded 14 patents in first half of 2022
AL AIN, The United Arab Emirates University (UAEU) has set scientific research at the forefront of its ambitious strategic vision, where research is considered a key to institutional innovation and foresight, to create a vibrant, sustainable future for…