Recent Posts

UAE, Africa non-oil trade totals AED149b in 9 months of 2020

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the value of non-oil trade between the UAE and Africa totalled $40.7 billion in the first nine months of 2020, compared to $36.9 billion in the same period of 2019, underscoring the growing trade between the UAE and African countries despite the ...

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Adnoc Distribution Q4 profit reaches AED851m

ABU DHABI / WAM Adnoc Distribution on Monday reported that its net profit for the fourth quarter of 2020 grew to AED851 million, with underlying EBITDA (EBITDA excluding one-offs and inventory gains/losses) of AED1.1 billion. For the year 2020, net profit was AED 2.4 billion, while underlying EBITDA stood at AED3.6 billion. Adnoc Distribution has maintained a strong balance sheet ...

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UAE rulers condole King Salman on death of Saudi Princess

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, sent a cable of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud on the death of Princess Lamia bint Hathloul bin Abdulaziz Al Saud. HH Sheikh Khalifa expressed his heartfelt condolences and solace on the death of Princess Lamia. His ...

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