News

Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced it would be postponing one monthly installment for its personal finance customers at no fees or extra charges. The postponement aims to provide the banks customers with cash flow relief during the Holy Month of Ramadan, which is known to be a month of ...

  Abu Dhabi / Gulf Time Agthia Group PJSC, one of the region’s leading food and beverage companies, held its 17th Annual General Meeting (AGM) virtually on Thursday. At the AGM, the shareholders approved the Board of Directors’ proposal for a cash dividend of 8.25%, equivalent to 8.25fils per share, in line with the group’s semi-annual dividend policy. Total dividends ...

  ABU DHABI / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced it would be postponing one monthly installment for its personal finance customers at no fees or extra charges. The postponement aims to provide the banks customers with cash flow relief during the Holy Month of Ramadan, which is known to be a month ...

  DUBAI / WAM Emirates announced it will ramp up its global operations with the restart of services to four destinations, including Bali, London Stansted, Rio de Janeiro, and Buenos Aires. The airline has also announced it will boost services to Nigeria, Mauritius and Singapore to serve market demand. In line with the easing of travel restrictions worldwide, Emirates continues ...

  DUBAI / WAM National Bonds, the UAE’s Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, saw its investments increased by 36% to AED11.89 billion in 2021, indicating a positive accelerated growth in the culture of savings in the UAE. The company reported an increase of 64% in sales, attributing the growth to its innovative savings ...

  Dubai / WAM Emirates Global Aluminium (EGA) and Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining company, signed an agreement to extend their exploration of potential collaboration on technology in the aluminium value chain. Saeed Mohammed Al Tayer, EGA’s Vice Chairman, and Musabbeh Al Kaabi, EGA Board member, witnessed the signing in Dubai by Abdulnasser bin Kalban, EGA’s ...

Dubai / WAM The Vision Pavilion, celebrating the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will continue to delight and enthral as part of the legacy of Expo 2020 Dubai. The pavilion – one of the undeniable highlights of more than 200 pavilions across Expo ...

Abu Dhabi / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced a new service to Jaipur, the capital of Rajasthan, starting from May 5. Abu Dhabi travellers will now be able to fly direct to Jaipur International Airport at competitive prices, the airline company said on Thursday. Jaipur or the Pink city, is the capital and ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Wednesday announced that, following yesterday’s completion of the book building and subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED2.48 per share. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...

  Abu Dhabi / WAM The foreign direct investment (FDI) inflows into the UAE recorded a 3.9 percent growth in 2021 compared to 2020 to reach nearly AED 76 billion. As a result, the total FDI balance in the country increased to reach nearly AED 630 billion by the end of 2021, highlighting a 13.7 percent growth over 2020. Over ...