News

Abu Dhbai / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed during a telephone call with British Prime Minister Boris Johnson ways of enhancing relations of cooperation and friendship between the two countries. His Highness Sheikh Mohamed bin Zayed and the British Prime Minister ...

Abu Dhbai / WAM First Abu Dhabi Bank (FAB) has reported its financial results for the first half period ended on June 30. First half 2021 Group Net Profit was AED5.4 billion, an 11 percent increase year-on-year. The increase was driven by revenue growth from a solid performance across the bank’s core businesses despite headwinds from rate cuts, increased contribution ...

Abu Dhbai / WAM Abu Dhabi Islamic Bank (ADIB) delivered strong financial results for H1 2021, with net profit surging 89 percent year-on-year to AED 1,109 million from AED 588 million in H1 2020. The growth in net profit reflects the strong underlying performance across the business supported by a 3.4 percent growth in total revenue to AED 2,644 million ...

ABU DHABI / WAM Certara (NASDAQ: CERT), a global leader in biosimulation, on Wednesday announced that Mubadala Investment Company (Mubadala) has made an approximately $250 million investment in Certara. The investment aligns with Mubadala’s strategy of enabling innovation to address unmet clinical needs and drive cost efficiencies. Mubadala and certain existing institutional shareholders of Certara, including a shareholder affiliated with ...

ABU DHABI / WAM Following successful trials, Etihad Airways has expanded IATA Travel Pass on flights between Abu Dhabi and seven destinations across its network as it continues to implement digital solutions to simplify the travel experience in the wake of the pandemic. IATA Travel Pass is available for guests on all Etihad flights between Abu Dhabi and Bangkok, Barcelona, ...

DUBAI/ WAM DP World Limited handled 19.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2021, with gross container volumes increasing by 17.6 percent year-on-year on a reported basis and 17.1 percent on a like-for-like basis . Growth in Q2 accelerated with all regions delivering a strong performance, especially our terminals ...

ABU DHABI / WAM Etihad Airways has expanded IATA Travel Pass on flights between Abu Dhabi and seven destinations across its network as it continues to implement digital solutions to simplify the travel experience in the wake of the pandemic. IATA Travel Pass is available for guests on all Etihad flights between Abu Dhabi and Bangkok, Barcelona, Geneva, Madrid, Milan, ...

DUBAI / WAM In line with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, the Dubai Government’s Department of Finance (DoF) ...

Dubai / WAM In executing the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to grant golden visas to those with scientific competencies and distinguished expertise, the UAE Government invites doctors to apply for the golden visa in recognition of their efforts and sacrifices, and being the frontline heroes. This ...

ABU DHABI / WAM The Abu Dhabi Criminal Court, which has jurisdiction over money laundering and tax evasion offences, has convicted nine defendants and six companies for possessing AED18 million through fraudulent means using a computer-based process. As for the criminal scheme, one of the defendants, operating from outside the country, would contact the victims, claiming to be working for ...