News

ADIB reports AED1.6b in net profit for 2020

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB), delivered strong recovery of 73% growth in net profit in H2 2020 compared to H1 2020 despite the continuing macroeconomic effects of the Covid-19 pandemic. This was driven by a 10% increase in revenues due to a rebound in the UAE economic activity and an improvement in business momentum. The Bank ...

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Enoc opens new station en route to Abu Dhabi

DUBAI / WAM Enoc Group has announced the opening of a service station on Sheikh Zayed Road en route to Abu Dhabi. Conveniently located near interchange 11 for motorists travelling from Dubai towards capital. Built with 10 bridged canopies comprising 20 multimedia fuel dispensers, Enoc’s new service station is equipped with eight fuel tanks with a capacity of 15,000 imperial ...

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Enoc opens service station en route to Abu Dhabi

DUBAI / WAM Enoc group has announced the opening of a service station on Sheikh Zayed Road en route to Abu Dhabi. Conveniently located near interchange 11 for motorists travelling from Dubai towards capital. Built with 10 bridged canopies comprising 20 multimedia fuel dispensers, Enoc’s new service station is equipped with eight fuel tanks with a capacity of 15,000 imperial ...

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Tadweer reopens Ghayathi Crusher in Al Dhafra region

ABU DHABI / WAM Abu Dhabi Waste Management Centre (Tadweer) has announced the reopening of Ghayathi Crusher in Al Dhafra Region as part of the centre’s strategic plan to promote environmental sustainability and develop an integrated waste management system in Abu Dhabi. Aimed to lower construction and demolition (C&D) waste in the emirate, the facility can handle 2,000 tons of ...

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UAE reports 5,059 new recoveries from Covid-19

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 207,432 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

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Daman announces launch of first online smart branch

Abu Dhabi / WAM The National Health Insurance Company – Daman has launched the first digital smart branch service in the GCC health insurance sector: the Hayakom-Thiqa smart branch. The innovative smart branch provides all the services of a Thiqa branch and works through an advance appointment system that allows members to choose a convenient time to virtually meet a ...

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UAE, Oman discuss ways to strengthen cooperation

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, met with Sayyid Badr Hamad al-Busaidi, Minister of Foreign Affairs of Oman, as part of his official visit to Oman. During the meeting, both sides discussed the strong historic ties between the UAE and Oman and ways of strengthening their ...

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Hamdan bin Rashid donates $500,000 to university in Sudan

Dubai / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of the Al Maktoum Foundation, has ordered the donation of $500,000 to the Khartoum-based International University of Africa for the 2020-2021 academic year. The move is in recognition of the university’s role in the field of higher education and Africa and ...

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DFA seeks to find solutions that reimagine post-pandemic world

Dubai / WAM Dubai Future Accelerators (DFA), an initiative of the Dubai Future Foundation (DFF), has announced that the second phase of the eighth edition of its flagship programme is well underway to position Dubai as a leading city of the future. Being hosted at the DFF’s innovation ecosystem, AREA 2071, the Fall Cohort’s participating entities include Dubai Roads and ...

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Canada’s economy seen lagging US for fourth straight year

Bloomberg Economists revised their growth estimates for Canada higher this year, though the recovery is expected to lag the US. Canada’s economy is expected to expand 4.7% in 2021, according to Bloomberg’s latest monthly survey of analysts. That’s up from a previous yearly estimate of 4.4%. Growth in 2022 is seen at 4.1%, little changed from the January survey. The ...

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