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Abu Dhabi

First Abu Dhabi Bank exceeds Q3 forecasts with AED4.46bn profit despite rising impairments

First Abu Dhabi Bank (FAB) reported a Q3 profit of AED 4.46 billion, exceeding estimates due to higher revenue growth, despite a rise in impairment charges. Total assets grew to AED 1.2 trillion, reinforcing FAB’s position as the largest lender in the UAE.

Economy

Qatari economy to grow another 2% before FY2024 comes to a close, says Sheikh Tamim

Before the fiscal year closes, the Qatari economy is projected to grow another 2%, said Qatari Emir Sheikh Tamim. He highlighted Qatar's steady economic growth despite post-World Cup challenges, with future growth projected at 4.1% annually by 2025.

Judicial

Pakistan’s President Zardari signs 26th Constitutional Amendment Act into legislation

President Zardari has signed the 26th Constitutional Amendment Act into law, and the NA Secretariat has issued a gazette notification. The Amendment, which was passed with a two-thirds majority in both the Senate and the NA, has now been enacted into law.

National

صدرِ مملکت نے 26ویں آئینی ترمیم پر دستخط کر دیئے، آئینی ترمیم بطورِ قانون نافذ العمل ہو گئی

صدرِ مملکت آصف علی زرداری نے 26ویں آئینی ترمیم پر دستخط کر دیئے، قومی اسمبلی سیکرٹریٹ نے گزٹ نوٹیفکیشن جاری کر دیا، سینیٹ اور قومی اسمبلی سے دو تہائی اکثریت کے ساتھ منظور ہونے والی 26ویں آئینی ترمیم بطور قانون نافذ العمل ہو گئی۔

Economy

UAE non-oil economic growth set to climb by 4% in 2025 as investments accelerate

The UAE’s non-oil sector will drive a projected 4% economic growth in 2025, supported by investment inflows into financial and real estate markets. Simultaneously, a rebound in the oil sector is expected, bolstering overall economic expansion.

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