ABU DHABI / WAM Adnoc Distribution on Tuesday reported that its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at AED2.3 billion, with a net profit of AED1.7 billion for the first nine months of 2021. For the third quarter, EBITDA was AED737 million with a net profit of AED529 million. The company continues to see recovery with September ...

ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, approved a temporary licence to test self-driving vehicles, a move that comes as a part of the government’s continuous efforts to adopt advanced technologies within all sectors. The meeting, held on Tuesday ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) on Tuesday reported its financial results for the nine-month period ended on September 30, 2021. The company’s net profit increased by 18 percent to AED333.7 million, compared to a net profit of AED282.8 million for the same period in 2020. Adnic’s gross written premium increased by 2.4 percent to AED3.24 ...