ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) on Wednesday announced that it is now a ‘partner exchange’ of the United Nations Sustainable Stock Exchanges (SSE) initiative, to promote sustainability and transparency in capital markets. The initiative is a peer-to-peer learning platform that enables exchanges, in collaboration with investors, regulators and companies, to enhance corporate transparency, environmental, social and ...

Bloomberg Emirates NBD PJSC reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank. The 2018 full-year net income reached AED10.04 billion ($2.73 billion), an increase of 20 percent from AED8.35 billion the previous year. The total income amounted to AED17.4 billion. The bank’s net interest income and the non-interest income ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc), announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels. The ‘Al Daffah Energy Efficiency Project’ is one of many ongoing initiatives by the shipping and logistics giant to ...