Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) said its net profit for Q1 of 2021 surged by 125 percent to AED608 million compared to AED 270 million in Q1 of 2020, and up 26 percent against Q4 of 2020. The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement. ...
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NIAMEY / WAM The United Arab Emirates on Monday sent a plane carrying 52 metric tons of food supplies to the Republic of Niger as part of its initiatives during the Holy Month of Ramadan. Amer Al Menhali, Charge d’Affaires of the UAE Embassy in Chad, said, “The UAE considers cooperation with the international community to be crucial, especially in ...
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ABU DHABI / WAM Technology Innovation Institute (TII) on Monday announced that its Directed Energy Research Centre (DERC) has unveiled its Electromagnetic Compatibility (EMC) laboratories in Abu Dhabi, housed in a first of its kind facility in the Arab world. The facility is composed of three laboratories — an EMC semi-anechoic chamber, a pulsed power laboratory, and a low-noise emanation ...
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Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, concluded its Silver Jubilee Season in spectacular fashion, etching its name in the history books to the delight of all in attendance. Having set out in October with the aim of breaking 25 Guinness World Records to honour the milestone anniversary, ...
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ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) on Sunday announced the successful placement of an aggregate $1.5 billion in 7-year and 30-year dual-tranche senior unsecured notes. The 7-year notes, sized at $750 million and maturing April 2028, were issued at a coupon rate of 2.0 percent. The 30-year notes, also sized at $750 million and maturing April ...
Read More »ABU DHABI / WAM The UAE expressed its strong condemnation of attempts by the Iran-backed terrorist Houthi militia to target civilians and civilian objects in a systematic and deliberate manner in Khamis Mushait, Saudi Arabia, with a booby-trapped plane, which was intercepted by coalition forces. The UAE affirmed – in a statement issued by Ministry of Foreign Affairs and International ...
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ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) signed an agreement with Silal, Abu Dhabi’s new fresh food and agritech company, to promote local agricultural products in the emirate. The agreement aims to achieve Abu Dhabi Local Content Programme objectives, particularly those pertaining to the strategies of enhancing food supply chains. It also supports freelancers and ...
Read More »ABU DHABI / WAM Wizz Air Abu Dhabi has announced that it will continue to fly to Greece twice a week. Wizz Air Abu Dhabi currently flies to Thessaloniki every Thursday and as of July will fly twice per week on Thursdays and Sundays, while to Athens every Friday and as of June twice per week on Mondays and Fridays. ...
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Abu Dhabi / WAM Five major global organisations specialising in assessing competitiveness have ranked the UAE among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes. This was highlighted by a report by the Federal Competitiveness and Statistics Centre (FCSC), which documented the rankings of the IMD World Competitiveness Yearbook, the Legatum Prosperity ...
Read More »SEOUL / WAM Abdullah Saif Al Nuaimi, UAE Ambassador to South Korea, has launched the Korean version of the website www.zayed-kr.ae, which is dedicated to commemorating the life, legacy and values of the Founder of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan. The launch of the Korean website, created in collaboration with the Ministry of Culture and ...
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