Abu Dhabi Banks Record Net Income Of AED15 Billion In 6 Months
Mohammad Ali (@ChaudhryMAli88) Published December 09, 2019 | 09:00 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 09th Dec, 2019) The net income of commercial and Islamic banks operating in Abu Dhabi amounted to around AED15 billion during the first half of 2019, representing 58 percent of total net income in 2018, according to the latest statistics released by the Statistics Centre - Abu Dhabi, SCAD.
The banking sector in Abu Dhabi and the UAE, in general, are considered key financial enablers to the national economy.
The net income of traditional banks from interests and investments reached AED12.45 billion, accounting for 83 percent of the total income of the sector while 13 percent came from Islamic banks.
The statistics also showed that at the end of the first half of this year, the number of people employed by Abu Dhabi commercial and Islamic banks totalled 11,768.
Recent Stories
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago