First Gulf Bank tops efficiency ratios among UAE banks

Submitted by WAM on

Abu Dhabi, Sept 2, 2009 (WAM) - All the major UAE banks have maintained high efficiency ratios derived from the difference between costs and income, with First Gulf Bank (FGB) boasting one of the h

DGCX volumes increase in August

Submitted by WAM on

Dubai, Sept 2, 2009 (WAM) - Volumes at the Dubai Gold and Commodities Exchange (DGCX) have shown a marked resilience in August.

Heavyweights maintain ADX's upward trend

Submitted by WAM on

Abu Dhabi, Sept 2, 2009 (WAM) - The Abu Dhabi Securities Exchange (ADX) advanced for the third consecutive session yesterday with its index adding 15.63 points, or 0.54 per cent, to close at 2912.8

Aabar posts US$594 million loss for Q2

Submitted by WAM on

Abu Dhabi, Sept 2, 2009 (WAM) - Aabar Investments, the Abu Dhabi Government-backed investor, swung to a loss of Dh2.18 billion (US$594 million) in the second quarter after using derivative financia

Etihad to open new premium lounge at London Heathrow

Submitted by WAM on

Abu Dhabi, Sept 2, 2009 (WAM) - Etihad Airways, the national airline of the United Arab Emirates, is to open a new premium lounge at London Heathrow airport as part of the airline's flights moving

flydubai expands operations in Africa

Submitted by WAM on

Dubai, Sept 2, 2009 (WAM) - flydubai, Dubai's first low cost airline, added a second African destination to its network today when flight FZ601 touched down at Djibouti Ambouli International Airpor

Air Arabia receives IOSA registration

Submitted by WAM on

Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, announced today that it has successfully completed the IATA Operational Safety Audit (IOSA), an interna

X