News

  ABU DHABI / WAM Tasneef, the first certified Arab classification society, and Abu Dhabi Ship Building (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial boats, on Sunday signed a Memorandum of Understanding, (MoU) creating a framework for future collaboration to strategically develop the naval construction and services industry across the region. The ...

  DUBAI / WAM Emaar Properties PJSC recorded first-quarter (January to March) 2016 net profit of AED 1.205 billion (US$ 328 million). This is an increase of 17 per cent compared to the net profit of AED 1.026 billion (US$ 279 million) during the same period last year. Led by significant progress in construction of its projects, Emaar’s Q1 2016 ...

  Dubai / WAM Arab Bank Group continued its strong financial performance during the first quarter of 2016, reporting net profit after taxes and provisions of USD 218.3 million, compared to USD 217.2 million for the same period last year. Shareholders equity, meanwhile, rose to USD 8 billion. The Bank’s balance sheet remains strong with loans and advances growing by 3% ...

  Dubai / WAM Dubai Financial Market Company on Saturday announced a first quarter net profit of AED 86 million, a 27 per cent increase compared to Dh67.7 million during the corresponding period of 2015. The company’s total revenue increased by 11 per cent to AED 127 million in Q1-2016 compared to Dh114.5 million during Q1-2015. The revenues comprise AED105.6 million ...

  Abu Dhabi / EMIRATES BUSINESS ADNOC Distribution on Sunday opened an ADNOC Oasis store also known as ‘ADNOC Oasis 365’ convenience store in twofour54 which is Abu Dhabi’s Media Zone Authority. The opening of the store represents the tenth of its kind in the 365 convenience store chains in the Emirate of Abu Dhabi. The opening comes as part ...

  WAM / Emirates Business Abu Dhabi Ports roped in Germany’s largest E&P company Wintershall to further strengthen its position in exploration and production segment of crude oil and natural gas. “This partnership with Wintershall offers a new opportunity for Abu Dhabi Ports to serve the exploration and production sector in the Emirate, which is vital to the economy of ...

  Dubai / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Dashgin Shikarov, Ambassador of the Republic of Azerbaijan to the UAE, on Sunday discussed the means to develop and strengthen economic and development ties between the two countries. Al Mansouri received the Ambassador of Azerbaijan at the ministry’s headquarters in Dubai, in the presence of Abdullah bin Ahmed ...

  Dubai / WAM Dubai Financial Market Company (DFM) on Sunday announced a first quarter net profit of AED 86 million, a 27 percent increase compared to Dh67.7 million during the corresponding period of 2015. The company’s total revenue increased by 11 per cent to AED 127 million in Q1-2016 compared to Dh114.5 million during Q1-2015. The revenues comprise AED105.6 million ...

  Dubai / WAM Dubai Health Authority (DHA) is planning on establishing a medical excellence award to promote best medical practices and standards in Dubai, revealed, Humaid Al Qatami, Chairman of the Board and Director-General of DHA on Sunday. Al Qatami made the statement at Latifa Hospital during a workshop by the Dubai Government Excellence Programme that discussed the new requirements ...

  Abu Dhabi / WAM Abu Dhabi General Services Company, Musanada, in collaboration with the Zayed Higher Organization for Humanitarian Care and Special Needs (ZHO) completed all works related to ZHO’s two rehabilitation and care centres in Madinat Zayed and Ghayathi in the western region, as part of efforts to implement the vision of President His Highness Sheikh Khalifa bin Zayed ...