Recent Posts

NPCC profit up 57%

ABU DHABI / WAM Hussein Al Nowais, Chairman of National Petroleum Construction Company (NPCC), a subsidiary of the Senaat Abu Dhabi, announced the company achieved a profit of AED700 million in 2017, an increase of 57% that the previous year, despite impact of low oil prices. Its revenues increased 21% to AED5.7 billion, an indicator of comp- any’s topline performance. ...

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UAE leaders greet Arab and Islamic nations on Ramadan

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent congratulatory messages to the Kings, Emirs and Presidents of Arab and Islamic nations, on the advent of the Holy Month of Ramadan. In his messages, President His Highness Sheikh Khalifa wished the leaders and their people continued good health and well-being, and further progress and ...

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Adnoc Distribution posts 12.1% growth in Q1 profit

ABU DHABI / WAM Adnoc Distribution released its financial results for the first quarter of 2018, with strong double-digit growth in net profit and EBITDA as well as impressive growth in gross profit in its convenience store business. Gross profit for the period increased 14.3% compared to the same period last year to AED1.185 billion, EBITDA has grown 24.9% to ...

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