The UAE banking sector is set to experience solid lending growth in 2025, supported by relaxed monetary policies and a favorable economic environment, according to a report by S&P Global Ratings, as cited by Zawya. Puneet Tuli, an analyst at S&P Global Ratings, mentioned that UAE banks have seen a significant rise in deposits over...
FAB Sukuk Company, a unit of First Abu Dhabi Bank (FAB), has finalized pricing for its $600 million five-year sukuk, set to be issued on the London Stock Exchange next week. The sukuk, part of a $5 billion trust certificate program, has seen strong interest, with an order book reaching $1.2 billion. The profit rate...
The UAE marked a major milestone in 2024 by surpassing one million annual air traffic movements, as confirmed by the General Civil Aviation Authority (GCAA). The record was achieved on December 22 with the arrival of Emirates Flight 305 from Shanghai. This achievement highlights a 10.3% growth in air traffic compared to 2023. As reported...