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UAE a leading tourism destination

ABU DHABI / WAM The UAE, which provides comfort to its citizens and tourists alike and has prioritised its heritage and preserved its history for the modern world, has become a leading international tourism destination, where authenticity is combined with modernity and development, through its rapid urban development that is the fastest in the Middle East and around the world. ...

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Adnic profit up 17.1% to AED150.5mn in first half

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic), announced its financial results for the first half of 2018 on Wednesday. Adnic reported a net profit of AED150.5 million for the period, up 17.1 percent year-on-year. Commenting on the results, Sheikh Mohamed bin Saif Al Nahyan, Chairman of Adnic, said, “On behalf of the Board of Directors, I am ...

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Oil falls as trade war risks persist

Bloomberg Oil fell to the lowest in more than a week amid a surprise jump in US crude inventories and an escalating trade dispute between the US and China. Futures in New York fell as much as 1.4 percent. The American Petroleum Institute was said to report US stockpiles rose 5.59 million barrels last week. Meanwhile, the US will propose ...

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