News

Dubai / WAM Emirates Islamic’s (EI) bank net profit jumped to AED1.054 billion for the first nine months of 2022 on higher funded and non-funded income with a significant reduction in the cost of risk, reflecting improved business sentiment. In the period from January-September, the bank recorded a strong operating performance on higher funded and non-funded income coupled with reduction ...

Abu Dhabi / WAM The UAE Federal Agency for Early Education (FAEE) has launched the Emirati Recruitment Initiative (ERI) to attract nationals into the early education ecosystem, contribute to the development of this vital sector and enrich Emirati educational capabilities. Applications are now open to nationals from the seven emirates with various academic and professional backgrounds wishing to play a ...

Northern Ireland is set for a second election this year after the biggest unionist party again prevented the region’s government from forming, amid a row over post-Brexit trade rules that has major implications for the UK. The Democratic Unionist Party stopped the election of an Assembly Speaker and prevented the election of an Executive for a fourth time Thursday, after ...

Chinese President Xi Jinping said his nation is willing to work with the US to find ways to cooperate, comments that come before a potential meeting with President Joe Biden at a Group of 20 summit next month. Better communication between the two nations would bolster global peace and development, Xi said in a letter to the National Committee on ...

Citing burgeoning threats from Russia and China, the Pentagon’s new National Defense Strategy rejects limits on using nuclear weapons long championed by arms control advocates and, in the past, by President Joe Biden. “By the 2030s the United States will, for the first time in its history face two major nuclear powers as strategic competitors and potential adversaries,” the Defense ...

Abu Dhabi / WAM The European Union (EU) organised a webinar titled “EU-GCC Webinar on Energy Efficiency in the Building Sector: A Key Driver for Net-Decarbonisation”. Held in the context of the EU Climate Diplomacy Weeks 2022 and ahead of COP27, the webinar brought together around 100 European and Gulf policymakers, representatives of the private sector, including industrial and building ...

Abu Dhabi / WAM   Madyar Menelikov, ambassador of Kazakhstan to the UAE, said that the UAE is one of Kazakhstan’s main trading partners in the Middle East, and the volume of trade exchange between the two countries during the past year amounted to $907 million. The announcement came during a ceremony on the occasion of Kazakhstan National Day. During the ...

Dubai  / WAM    Tecom group PJSC  the creator of specialised business districts and vibrant communities, on Wednesday announced its financial results for the third quarter of 2022 and first nine months ending September 30. The group’s revenue stood at AED490 million, increasing 12.48% year-on-year (y-o-y) driven by rising occupancy levels across the portfolio, especially office, warehouse, and worker accommodation. Ebitda ...

Abu Dhabi / WAM  First Abu Dhabi Bank (FAB) on Wednesday announced that the group’s net profit amounted to AED10.9 billion in the first nine months of 2022, an increase of 19% compared to the same period last year with annualised earnings per share at AED1.29. In a statement on Wednesday, the bank said that the total income reached AED18 ...

Dubai / WAM  His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the UAE and Egypt will begin another 50 years of solid and deep-rooted relations and joint efforts, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Abdel Fattah El-Sisi, President of ...