Dubai / WAM Investment Corporation of Dubai (ICD) on Wednesday announced its consolidated financial results for the year ended December 31, 2019 having achieved revenues of AED228.0 billion and a net profit of AED25.0 billion. Net profit grew by 16.9 percent from the prior year to AED25.0 billion including a record contribution from banking and financial services and a strong ...

Abu Dhabi / WAM The UAE on Wednesday sent an aid plane carrying four metric tons of medical supplies to Gambia. The aid will assist approximately 4,000 medical professionals as they work to combat the Covid-19 pandemic. Commenting on the aid delivery, Omar AlMeheiri, Charge d’Affaires of the UAE Embassy in Senegal, said, “We are honoured to extend assistance to ...

ABU DHABI / WAM Abu Dhabi Developmental Holding Company (ADQ) one of the region’s largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu Dhabi’s non-oil economy, has launched Alpha Wave Incubation (AWI) Fund, a new AED1.1 billion venture fund located at Abu Dhabi Global Market (ADGM). AWI will target early-stage businesses in India and ...