Picture used for illustrative purpose only.
According to the report, CBUAE noted that the UAE banking system remains strong, with sufficient capitalisation and liquidity reserves, solid financial performance and high operating efficiency.
Abu Dhabi Commercial Bank (ADCB) recommended a cash dividend of Dhs0.27 per share, translating to a pay-out of Dhs1.878 billion, or 49% of the net profit for 2020.
Abdulhamid Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE), has said that in light of the COVID-19 pandemic, central banks across the globe have played a fundamental role in promoting continued economic activity
Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE), participated as a lead speaker at the Meeting of Governors from Major Emerging Market Economies organised by the Bank for International Settlements, which was held via video conference.
China’s factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity,
Trade in medical goods registered growth of 16.3 per cent in 2020 - compared with 4.7 per cent growth in 2019 when the COVID-19 pandemic was just starting,
Al Aliyo HydroFarms, a hydroponic fodder farm in the UAE, has inaugurated two warehouses in the Sharjah Food Park of Hamriyah Free Zone Authority (HFZA) with initial investments estimated at Dhs9 million.