Abu Dhabi / WAM Water projects prominently figure in developmental initiatives of Abu Dhabi Fund for Development (ADFD). Estimated at AED2 billion, these initiatives collectively benefited 18 countries while also powering other sectors such as agriculture, industry and energy. The emphasis on water reflects ADFD’s commitment to the world to support efforts to achieve the UN’s Sustainable Development Goals, ...

  ABU DHABI / WAM Shareholders of Abu Dhabi Islamic Bank (Adib) have elected a new board of directors at the annual general meeting. They also approved the distribution of cash dividends of 31.1155 fils per share, which represents 48.5 percent of the bank’s net profit for the fiscal year ending December 31, 2021. During the meeting, Adib general assembly ...

  ABU DHABI / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia. This milestone marks the safe and successful culmination of a challenging gas project, during a period in which Mubadala Petroleum navigated the challenges of the global pandemic. As a key ...