His Excellency Dr. Thani bin Ahmed Al Zeyoudi praises ECI’s high score of AA  rating with stable outlook from Fitch Ratings as vital to boosting the global competitive edge of UAE businesses

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and Deputy Chairman of the Board of Directors of ECI, praised the efforts of Etihad Credit Insurance (ECI), the UAE Federal export credit company after it has been assigned with Insurance Financial Strength (IFS) Rating and an Issuer Default Rating (IDR) of AA- (Very Strong) with Stable Outlook from Fitch Ratings, for the second year. His Excellency said that the high rating received by ECI reflects the Federal export credit company’s unyielding commitment to help…

Etisalat first in UAE to exclusively launch the HTC 5G   mobile smart hub

إتّصالات، الشركة الأولى في الإمارات العربيّة المتحدة

­­­­­Etisalat today is the first operator in UAE to unveil the HTC 5G Hub, an innovative 5G mobile smart hub that harnesses 5G speeds for home, business, and everywhere in between. The device enables smooth 4K video streaming, low-latency gaming, and 5G mobile hotspot features for up to 20 users. Priced at AED 3,299, the HTC 5G Hub is exclusively available now at Etisalat’s online store as well as its retail stores across the UAE. The HTC 5G Hub features a 5-inch HD touchscreen that allows for ease of use…

ABU DHABI COMMERCIAL BANK PJSC REPORTS Q2’20 NET PROFIT OF AED 1.227 BILLION,

Abu Dhabi, 29 July 2020 – Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results[1] for the first half of 2020 (“H1’20”). Strong operating performance despite macro-economic headwinds. Significant improvement in the cost to income ratio resulting from a disciplined approach to cost management and delivery of synergies Pro-forma half year comparison H1’20 vs. H1’19 (unless otherwise stated) Net interest and income from Islamic financing was 2% lower at AED 5.136 billion amid a low growth environment and a contraction in the loan book on…