ABU DHABI / Emirates Business Abu Dhabi Securities Exchange (ADX) announced on Saturday that it has issued an environmental social & governance (ESG) disclosure guidelines for listed companies. The launch of this set of 31 key performance indicators (KPIs) is aligned with ADX strategy which is designed to support economic growth, while providing a sustainable trading environment and encouraging the ...
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Abu Dhabi / Emirates business Abu Dhabi-based real estate developer Imkan announced the acquisition of a substantial plot of land in Egypt’s New Cairo district and the appointment of a new CEO for the Egyptian arm of its real estate business, Imkan Misr. Walid El-Hindi, CEO, Imkan, said: “Our latest plot acquisition in New Cairo is a clear indication of ...
Read More »Sharjah / WAM The Sharjah Islamic Bank’s (SIB) net profit rose to AED290.5 million in first half of 2019 compared to AED283 million achieved during the same period last year, an increase of three percent. The banks total assets reached AED44.3 billion at end of first half of this year, bringing it to the same level as it was at ...
Read More »ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, arrived in Indonesia on Wednesday on a state visit. The two countries’ shared vision for tolerance and economic growth are taking bilateral relations to new levels. As Muslim-majority countries, the diplomatic relations between Indonesia and ...
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ABU DHABI / WAM Abu Dhabi’s gross domestic product (GDP) at current prices for Q1 2019 rose by 3.3 percent to AED226 billion, compared to AED219 billion in the first quarter of 2018. The Abu Dhabi’s GDP at constant prices rose to AED207 billion in the first quarter of 2019, compared to AED196 billion for the same quarter of 2018, ...
Read More »Abu Dhabi / Emirates Business Eshraq Investments PJSC, the Abu Dhabi based investment company listed on Abu Dhabi Securities Exchange (ADX), reported a net profit of AED 4 million for the period ending on June 30, achieving another profitable half yearly result under the new management. Eshraq’s diversification pla-ns continued to pay off with each of its business divisions recording ...
Read More »Abu Dhabi / Emirates Business WeWork announced the launch of its first location in the United Arab Emirates in early 2020 at Hub71, a global tech ecosystem based in Abu Dhabi Global Market Square at Al Maryah Island. Alongside Hub71, WeWork will open over 5,000 square meters of collaborative and inspirational workspace tailored to tech companies (VCs) universities, corporates and ...
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JAKARTA / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, arrived in Jakarta, marking his state visit to the Republic of Indonesia. Upon the arrival at the Soekarno-Hatta International Airport, Sheikh Mohamed bin Zayed was received by President JokoWidodo of Indonesia. HH Sheikh Mohamed and President ...
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DUBAI / WAM The UAE Space Agency (UAESA) and the Mohammed bin Rashid Space Centre (MBRSC) have confirmed that the launch of the Emirates Mars Mission (EMM)’s Hope Probe, is in less than a year. MBRSC said it plans to launch the Hope Probe into orbit around mid-July 2020, and it is expected to reach Mars orbit in the first ...
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DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has announced a record net profit of AED410 million in H1 2019, notching up a 29 percent increase over the first six months of last year and an 11 percent increase on the 2017 full-year net profit. Noor Bank’s revenue rose by seven per cent ...
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