ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced a strong start to 2023, with impressive returns resulting from their growth strategy. The group reported a net profit of AED3.9 billion in the first quarter, with key performance indicators indicating significant growth across all business segments and product lines. Operating income of the bank increased by 51% year-on-year, ...
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Faure Gnassingbé of the Republic of Togo on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...
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ABU DHABI / WAM The Sorbonne University Abu Dhabi has announced a Mangrove Planting initiative to plant 65 mangrove trees on Al Reem Island, thus contributing to the Go Green 2023 environmental goals. The move is part of the university’s Go Green 2023 initiative, which aims to raise awareness and cultivate initiatives that address climate change challenges to move towards ...
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ABU DHABI / WAM Denis Sassou Nguesso, President of the Republic of Congo, received Captain Mohamed Juma Al Shamisi, AD Ports Group Managing Director and CEO, in Congo-Brazzaville to discuss future cooperation on the development of the ‘New Mole Port’. This visit follows the signing of a Head of Terms (HoT) agreement between AD Ports Group and the Ministry of ...
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DUBAI / WAM Arabian Travel Market (ATM) 2023 is ready to welcome the global travel, tourism and hospitality community to the UAE from May 1-4. The 30th edition of the show will host over 2,000 exhibitors, representatives from more than 150 countries and an anticipated 34,000 attendees. Taking place at Dubai World Trade Centre (DWTC) in collaboration with the emirate’s ...
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ABU DHABI / WAM Hamid AlZaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (AML/CFT), has announced that the UAE has made significant progress in combating money laundering and terrorist financing in the past year. The Financial Action Task Force (FATF) commended the country’s progress during its latest meeting. The Executive Office is working closely with ...
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SHARJAH / WAM The winners of the 26th session of the 20th edition of the Sharjah Award for Arab Creativity (SAAC) — First Edition, held under the patronage of HH Dr Sheikh Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, were honoured at a ceremony in Amman, Jordan. The event was organised by the Department of ...
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ABU DHABI / WAM TheUAE and the Kingdom of Cambodia have finalised the terms of a Comprehensive Economic Partnership Agreement (Cepa), paving the way for a new era of trade and investment cooperation between the two nations. The successful conclusion of negotiations was confirmed with the signing of a joint statement by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister ...
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SHARJAH / WAM His Highness Sheikh Dr Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri decree on the supplementary grant for the insured beneficiaries and salaried persons in the emirate of Sharjah. The decree stipulates that eligible beneficiaries of insured persons under the Sharjah Social Security Fund and those receiving salaries from ...
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DUBAI / WAM Emirates Islamic, a leading Islamic financial institution in the UAE, has reported a record net profit of AED601 million for the first three months of 2023, reflecting a remarkable increase of 76% year-on-year. The bank’s total income surged by 74%, driven by higher core revenues due to improved financing and deposit mix with higher profit rates, coupled ...
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