Abu Dhabi / WAM Abu Dhabi Commercial Bank (ADCB) on Monday reported its full year financial results for 2019, announcing a net profit of AED5.244 billion with double-digit annualised return on tangible equity of 11.2%. The Board of Directors has recommended a cash dividend of AED0.38 per share, translating to a pay out of AED2.644 billion, equivalent to 50% of ...

DUBAI / WAM The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) unveiled the ‘Digital Knowledge Hub’ – a comprehensive online platform to facilitate self-education and promote development – following the directives of MBRF Chairman Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum. Launched on the occasion of the United Nations’ International Day of Education on January 24, at a ...

DUBAI / WAM A charity initiative sponsored by the Emirates Red Crescent Authority (ERC) in Dubai saw the distribution of 3,440 food parcels to orphans, workers, farmers and low-income families. With the help of some 300 employees and customers of destination management company ’24 Degrees’ and ‘Grace Conservation’, foods including oil, rice, lentils, sugar, tea, wheat flour, legumes and canned ...