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NBAD posts profits of nearly AED 1.5 billion for H1 2015

National Bank of Abu Dhabi (NBAD) has just posted its financial results for the second quarter of this year, and it’s good news. The UAE-based lender is reporting net profits of AED 1.446 billion for Q2 2015 – up 1% year-over-year (YOY) and 2% sequentially. Meanwhile, net profits for the first half of 2015 were…

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Petrol deregulation: New prices confirmed, and what you need to know

As unveiled by the Ministry of Energy (MOENR) last week, gasoline and diesel is set to become deregulated from August 1. As a result, the price of petrol – which currently stands at AED 1.73 per litre – is predicted to increase, while diesel is expected to fall. As of Tuesday July 28, prices have…

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