DUBAI / WAM Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, on Wednesday announced its results for the period ending on March 31. The bank’s net profit came in at AED 1.506 billion, up 12 percent year-on-year (YoY) compared to AED1.345 billion, a growth was driven by rising core revenues and effective cost management. Net financing and ...

LATAKIA / WAM The Emirates Red Crescent (ERC) team in Latakia Governorate are distributing Eid clothes sets among  60 orphans in the governorate who’ve lost their parents in the February 6 earthquake as part of  the“Operation Gallant Knight/2”, initiated by the Ministry of Defence’s Joint Operations Command. Mohamed Khamis Al-Kaabi, the head of the ERC team, said the UAE humanitarian ...

BLOOMBERG Greenpeace said it’s suing the European Union’s (EU) executive over its decision to grant some gas and nuclear power stations a “fake” green label under EU sustainable finance rules. Four other environmental groups — Transport & Environment, WWF, ClientEarth and BUND — are also objecting to the inclusion of gas in the EU’s so-called taxonomy. “Polluters are already using ...