Recent Posts

Mubadala, Ukrainian firms explore investment prospects

ABU DHABI / WAM Mubadala Investment Company has announced the signing of a number of Memoranda of Understanding with various Ukrainian government and private entities. Held at Masdar City during a visit by Ukrainian President Volodymyr Zelensky, the First Lady of Ukraine Olena Zelenska, and other high-level government officials and dignitaries, three MoUs were signed with Ukrainian government entities that ...

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Abu Dhabi wins award at MICE China

ABU DHABI / WAM The Abu Dhabi Convention and Exhibition Bureau (ADCEB) has announced that it won the ‘Best Marketing Destination’ award at the MICE China Forum and Awards. Part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), ADCEB is the lead body overseeing and supporting the development and promotion of business events in the ...

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Adnoc Distribution reports AED2.4bn net profit in 2020

Abu Dhabi / WAM Adnoc Distribution on Monday reported that its net profit for the fourth quarter of 2020 grew to AED851 million, with underlying Ebitda (Ebitda excluding one-offs and inventory gains and losses) of AED1.1 billion. For the year 2020, net profit was AED 2.4 billion, while underlying Ebitda stood at AED3.6 billion. Adnoc Distribution has maintained a strong ...

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