Abu Dhabi / WAM Waha Capital on Tuesday announced its results for the first quarter of 2021. The company delivered an overall Q1 profit of AED 111 million as both the Public Markets and Private Investments businesses demonstrated robust performance, while the global economic outlook continued to improve due to Covid-19 vaccination efforts. According to financial statement, the public markets ...
Read More »Abu Dhabi / Emirates Business Agthia Group, a leading regional food and beverages company, on Tuesday announced its Q1 2021 financial results for the period ending March 31. The group recorded earnings per share of AED0.069 per share and total revenues of AED 665.5 million, representing 57% and 17% year-on-year growth, respectively, compared to the same period in 2020. The ...
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SHARJAH / WAM The Sharjah Chamber of Commerce & Industry (SCCI) has welcomed a high-level delegation from the Republic of Costa Rica to explore means of enhancing commercial and economic cooperation and encourage mutual investments across vital sectors, thus strengthening partnerships between business communities in both countries. The Costa Rican delegation, which included Andrian Arrigita, Deputy Minister of Foreign Affairs ...
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DAMASCUS / WAM A fourth Emirati aid aircraft arrived in Damascus on Tuesday loaded with significant quantities of the coronavirus (Covid-19) vaccine. The aircraft was dispatched by the Emirates Red Crescent (ERC), in coordination with the Syrian Red Crescent Association, to assist the Syrian health sector in addressing the repercussions of the pandemic and support local preventive measures aimed at ...
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ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced it will launch a new series of cultural initiatives, including the Abu Dhabi Register of Artisans, the Abu Dhabi Crafts platform, and the recently reopened House of Artisans at Al Hosn, to help safeguard and disseminate the intangible cultural heritage of the ...
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Abu Dhabi / WAM The UAE leads a global mobile index as the country with the fastest mobile network speed in the first quarter of 2021, according to the latest data from Ookla, a global leader in fixed broadband and mobile network testing applications, data and analysis. This significant achievement adds one more feather to the UAE’s cap, and comes ...
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Bloomberg Iraq, Opec’s second-biggest oil producer, said crude prices would probably remain around $65 a barrel in the coming months and announced it’s considering buying Exxon Mobil Corp.’s stake in one of the world’s biggest fields. The Organisation of Petroleum Exporting Countries and its allies — a 23-nation grouping known as Opec+ — will continue trying to keep crude prices ...
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ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) reported a net profit of AED133.6 million in Q1 of 2021, a 9% increase compared to the same quarter last year. In a statement on Monday, Adnic said the company delivered solid performance and growth across key financial metrics. “Adnic’s performance was driven by the company’s clear strategy, underwriting discipline, ...
Read More »Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, concluded its Silver Jubilee Season in spectacular fashion last night, etching its name in the history books to the delight of all in attendance. Having set out in October with the aim of breaking 25 Guinness World Records to honour the ...
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ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) said its net profit for Q1 of 2021 surged by 125 percent to AED608 million compared to AED 270 million in Q1 of 2020, and up 26 percent against Q4 of 2020. The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement. ...
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