ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB), delivered a strong set of results for 2018 with net profit up 8.7 percent to AED 2,500.8 million and rise of 23.2 percent in Q4 2018 from Q4 2017 to AED748.3 million, driven by a growth in customer financing and an improvement in provisioning. The performance was also supported by higher ...
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Dubai to host conference on regional retail industry
DUBAI / WAM As retail CEOs are adjusting their strategy to reinvent and transform their business, the 5th Edition of the Retail Leaders Circle Mena Summit returns to Dubai on March 25-26 in Dubai. Spotlighting a stellar line-up of speakers and renowned thinkers, the annually summit provides a unique platform for the region’s leaders to navigate a complex business environment ...
Read More »Dubai Tourism highlights its commitment to India at Satte 2019
DUBAI / Emirates Business Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) participated in the 26th edition of South Asia’s largest travel and tourism exhibition (SATTE 2019), in January, in Greater Noida, India, further reinforcing the emirate’s continued commitment to one of its top performing source markets. Marking the first international roadshow of 2019, Dubai Tourism will be represented ...
Read More »FAB surges as it seeks to raise foreign ownership
Bloomberg First Abu Dhabi Bank PJSC jumped on optimism the lender will follow regional peers and raise the foreign-ownership limit on its stock. The shares climbed as much as 5.8 percent in Abu Dhabi before paring gains to 1.8 percent. The ADX General Index added 0.6 percent, with FAB shares adding the most to the increase. The United Arab Emirates’ ...
Read More »Senaat to serve as co-host sponsor of ‘Energy Congress’
Dubai / Emirates Business The UAE Organising Committee of the 24th World Energy Congress announced signing an agreement with Senaat, one of the UAE’s largest industrial investment holding companies, to serve as co-host sponsors for the 2019 Congress. The agreement was signed by Dr Matar Al Neyadi and Eng Jamal Salem Al Dhaheri at Saint Regis Abu Dhabi. Aligning with ...
Read More »New book on ‘Celebrating Tolerance’ in UAE launched
ABU DHABI / WAM To coincide with the historic visits to the UAE by His Holiness Pope Francis and His Eminence the Grand Imam of Al Azhar Al Sherif, a new book celebrating the country’s diversity was launched on Sunday. Published by Dubai-based Motivate Publishing and entitled ‘Celebrating Tolerance: Religious Diversity in the United Arab Emirates’, the book was launched ...
Read More »Costa Rica ‘guest of honour’ at WGS
Dubai / WAM Costa Rica’s Vice President Epsy Campbell Barr will head his ministerial delegation as the Guest of Honour to the seventh World Government Summit (WGS 2019), in Dubai. Costa Rica is one of the three guest countries this year, alongside Estonia and Rwanda. In recent years, Costa Rica has sought to integrate happiness and quality of life into the ...
Read More »Mohamed bin Zayed welcomes Pope Francis
Abu Dhabi / WAM His Holiness Pope Francis, head of the Catholic Church, arrived in Abu Dhabi on Sunday evening to begin his historic visit to the United Arab Emirates. He was received at the airport by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His ...
Read More »Environmental sustainability values, practices integral part of UAE heritage: President Khalifa
ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan said that the UAE National Environment Day, which is being celebrated for 22 years on a row, is an important occasion “in which we renew our national commitment to protect our natural resources so as to preserve the natural environment and ensure the rights of future generations.” ...
Read More »Dubai’s first solar-powered hydrogen plant breaks ground
Dubai / wam His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy and Chairman of the Expo 2020 Dubai Higher Committee, has broken ground for the first solar-driven hydrogen electrolysis facility in the Middle East and North Africa (Mena). The project will be carried out in collaboration between Dewa, Expo 2020 Dubai and ...
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