Abu Dhabi / WAM The Abu Dhabi Commercial Bank PJSC (ADCB) on Monday reported its financial results for the third quarter of 2022 (Q3 2022). Solid earnings growth as UAE economy remains resilient against challenging global backdrop. During Q3 2022 and compared to Q3 2021, the bank recorded a net profit of AED1.591 billion, an increase of 25%, a net ...

Abu Dhabi / WAM Mubadala Investment Company (Mubadala) and KKR, a leading global investment firm, on Monday signed a strategic partnership that will see the two firms co-investing across performing private credit opportunities in the Asia Pacific (APAC) region. The partnership aims to deploy at least AED3.67 billion ($1 billion) of long-term capital, providing bespoke credit solutions to companies and sponsors. ...

Abu Dhabi / WAM The UAE is the latest member state to join the Schools Meals Coalition (SMC), coming off the back of the ministerial meeting in Helsinki. The unfolding food crisis and resulting rise in food insecurity is leading to the new urgency to expand the coalition in all countries and to ensure that every child has the opportunity ...