Sharjah / WAM United Arab Bank PJSC (UAB) released its financial results for the year ending December 31, 2022, reporting a net profit of AED155 million. This represents a 120% increase from the AED70 million net profit recorded in 2021, driven by improved operating performance and lower expected credit losses, alongside disciplined cost control. UAB’s core businesses have made ...

  Abu Dhabi / WAM Edge group PJSC has taken a 70 percent stake in Abu Dhabi-based Gradeone that specialises in manufacturing non-lethal pyrotechnics, ammunition, defence-related components and packing solutions, as well as defence trading. Gradeone will join Edge under its Trading & Mission Support cluster. The announcement has come ahead of the International Defence Exhibition (Idex) to be held ...

Gaziantep / WAM The UAE field hospital in Ä°slahiye, Gaziantep, Turkey, has provided urgent medical treatment and psychological support to 174 victims of the recent earthquake that struck Turkey and Syria. The hospital, located on a 40,000 square meter area, has 50 beds and four ICU beds, and has already performed three major surgeries while continuing its humanitarian efforts to ...