Saturday 21 October 2017

Abu Dhabi's GDP set to hit $231bn in 2017

Standard & Poor’s has forecast Abu Dhabi GDP to rise to Dh850 billion ($231.3 billion) and Dh890 billion ($242 billion) at current prices in 2017 and 2018 respectively, attributing the growth to the momentum witnessed by the oil and non-oil sectors since the beginning of this year.


Hawkamah partners with Saudi Governance Centre

UAE-based Hawkamah, the Institute for Corporate Governance, said it has signed an agreement with the Saudi Governance Centre will see them share information, training programs and research projects that will benefit companies and government organisations in both the countries. Th


Abu Dhabi global market, Yes Bank to advance Fintech opportunities

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Yes Bank have signed an MOU to further foster cross-border exchange between the FinTech ecosystems of the UAE and India. The collaboration will enable FinTech innovators from the Middle East regi


QNB nine-month profit up 6pc; tops $2.75bn

QNB Group, a leading financial institution in the Middle East and Africa (MEA) region, has posted a net profit of QR10.3 billion ($2.75 billion) for the nine months of the year, up by 6 per cent compared to the same period in 2016. The decrease in net interest income was primaril


ME economic growth prospects improve for 2018: PwC

While the economic and fiscal outturns for the first half of the year are less than anticipated, momentum is building in key parts of the region, suggesting stronger economic growth could return in 2018, said an industry expert. Richard Boxshall, senior economist at assurance, ad


Dubai Islamic Bank 9-month profit hits $898.7m

Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, reported a group net profit of Dh3.301 billion ($898.7 million) for the nine-month period ending September 30, up 10 per cent compared with Dh3.011 billion for the same period

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