ABU DHABI / WAM Agthia Group on Wednesday reported Q1 2019 net profit of AED40 million and revenue of AED508 million, representing revenue growth of 3.4 percent compared to the same period in 2018. Dhafer Ayed Al Ahbabi, Chairman of Agthia, said, “Our core businesses maintained their growth momentum in the first quarter despite persistent market challenges. We continue to ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), on Wednesday reported its financial results for the first quarter ended March 31. Adnic achieved significant gross written premium growth by 42.8 percent to AED1.74 billion, compared to AED1.22 billion for the same period in 2018. Adnic’s net profit reached AED52.6 million. Commenting on Adnic’s performance, Sheikh Mohamed bin Saif ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has called on government and private sector employees through his social media platforms to participate in a new innovative humanitarian competition. Launching the “Well of Hope” competition, Sheikh Mohammed bin Rashid Al Maktoum tweeted, “A new institutional humanitarian ...