Ras Al Khaimah / WAM The National Bank of Ras Al Khaimah (Rakbank) announced a consolidated net profit of AED 505.4 million for the full-year of 2020. In a statement on Wednesday, Rakbank said, “The bank’s results reflect the impact of the pandemic on our customers and the economy whereby total assets stood at AED 52.8 billion, and gross loans ...

ABU DHABI / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee, has approved the resumption of in-classroom education for all grades in Abu Dhabi schools from February 14, while keeping e-learning as an option until the end of the school year. In a statement the committee said it “has approved a preventive protocol specific to the schooling community, encompassing ...

Bloomberg Nigerian independent producer Heirs Oil & Gas Ltd plans to restore an oil block acquired from Royal Dutch Shell Plc to its former output levels to make it one of the country’s biggest local operators. Heirs finalised its purchase of an operating stake in a permit known as Oil Mining Lease 17 in a deal worth more than $1 ...