ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), and holding company ADQ on Wednesday signed a joint venture (JV) agreement to create a new investment platform to fund and oversee development of industrial projects within the planned Ruwais Derivatives Park, a key enabler of Adnoc Downstream’s 2030 smart growth strategy and the UAE’s chemicals and industrial growth ...

DUBAI / WAM The Eid Al Adha holiday for ministries and federal bodies will begin on Thursday, July 30 (Day of Arafat), and will end on Sunday, August 2, the Federal Authority for Government Human Resources announced on Wednesday. In a circular, the authority added that work for all ministries and departments will resume on Monday, August 3. The authority ...

Sharjah / WAM Sharjah Islamic Bank (SIB) recorded an 8.6 percent increase in its operating profits amounting to AED 332.3 million in the first half of 2020 compared to AED 305.9 million for the same period last year. The net profit for the first half amounted to AED 251.2 million, compared to AED 290.5 million from last year. The balance ...