ABU DHABI / WAM Masdar, Abu Dhabi’s renewable energy company, and the leading Indonesian power company PT Pembangkitan Jawa-Bali (PT PJB), signed a Memorandum of Understanding (MoU), to explore areas of collaboration on renewable energy projects in Indonesia. Experts from Masdar and PT PJB will work together to identify opportunities to meet Indonesia’s rapidly growing energy demand, together with its …

SHARJAH / WAM Sharjah Islamic Bank (SIB), has posted a net profit of AED 272.9 million for the first half of 2017 compared to AED 257.0 million for the same period last year, with an increase of 6.2 per cent. Total assets reached AED 36.9 billion at the end of the 2nd quarter 2017 compared to AED 33.5 billion at …

ABU DHABI / WAM Foreign investors’ purchases at Abu Dhabi Securities Exchange (ADX) amounted to AED2.114 billion in June 2017, accounting for 55.4% of total buy trades, with their sales staying at AED1.871 billion, comprising 49.1% of total sell trades, bringing to AED243 million the net foreign investments at ADX during the month. In the meantime, institutional investments for the …