ABU DHABI/WAM Abu Dhabi Islamic Bank reported a Q1 2025 net profit before tax of AED 1.9 billion, rising 18% year-on-year, reflecting a strong balance sheet growth, coupled with increased business momentum and a sustained customer growth. Q1 2025 net profit before tax increased 18% compared to Q4 2024, reflecting significant growth and reinforcing the positive trajectory we have built ...

ABU DHABI/WAM The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, successfully completed the auction of UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED 1.1 billion. This issuance forms part of the T-Sukuk issuance program for the year 2025, as ...

ABU DHABI/WAM ADNOC Distribution, the UAE’s largest fuel and convenience retailer, on Wednesday announced that it is entering into a strategic partnership with noon, the Middle East’s leading digital ecosystem, through a memorandum of understanding (MoU). As part of this initiative, ADNOC Distribution and noon will explore opportunities to enhance last-mile delivery through AI-powered logistics collaboration. The collaboration was formalised ...