FAB

The stablecoin, known as DDSC, has received approval to go live and will operate on ADI Chain, an institutional layer-2 blockchain developed by the Abu Dhabi-based ADI Foundation

The report projects global GDP growth of 3.1 per cent in 2026, marginally lower than the 3.2 per cent estimated for 2025

The bank’s robust performance was driven by double-digit growth across all business divisions, supported by diversified revenue streams, strong client activity

FAB said its latest Blue Bond reflects growing collaboration between the public and private sectors to drive climate-resilient infrastructure and sustainable economic growth in the UAE and beyond

In the second quarter of the year, net profit rose 29 per cent to Dhs5.51bn compared to Q2 2024, the bank shared

This first DLT-based digitally native bond will be issued by FAB, listed on ADX and made available on HSBC Orion platform

The participating banks include First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), and Wio Bank

The results come as FAB undergoes a restructuring aimed at strengthening its business in the Gulf and boosting shareholder return

The UAE’s GDP is projected to rise from 4.5 per cent to 5.6 per cent, outpacing the International Monetary Fund’s global growth forecast of 3.2 per cent

FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent