ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) reported a growth in Net Profit after tax of 32 percent for Q1 2024 to AED1.45 billion from AED1.1 billion in Q1 2023, reflecting a consistent trend of strong growth. The net profit before tax was AED1.64 billion, up 41 percent versus Q1 2023. The revenue for Q1 2024 improved by 24 …

ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a phone call from His Excellency Pedro Sanchez, Prime Minister of the Kingdom of Spain, during which they discussed bilateral relations and ways to develop cooperation between the UAE and Spain in various fields in order to achieve their mutual interests. The call touched upon regional and …

ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, and Plenary Group (Plenary), an independent investor, developer and manager of public-private infrastructure projects headquartered in Australia, announced a partnership aimed at expediting the expansion of public and social infrastructure through strategic investments. ADQ will acquire a 49 percent stake in Plenary, including all shares currently owned by …