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 ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) attended inauguration of the Northern City Residential and Infrastructure Project, one of the key strategic projects in Bahrain. ADFD has allocated AED 2.6 billion towards the development of the project. The Northern City Residential and Infrastructure Project has been developed as part of AED9.175-billion grant provided by the UAE to ...

DUBAI / WAM Noor Bank welcomed listing of $500 sukuk on Nasdaq Dubai. The capital raised supports Noor Bank’s continuing rapid growth as a fully scalable universal Islamic bank across the UAE active in a wide range of products and services including retail, corporate and investment banking as well as treasury and insurance. Noor Bank has arranged over $64 billion ...