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ADNOC Distribution reports $174 million net profit, with 16% y-o-y increase

ABU DHABI/ WAM ADNOC Distribution today reported record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth. For the first three months of 2025, ADNOC Distribution’s financial performance significantly exceeded analyst expectations. Net profit increased 16 percent year-on-year (y-o-y) to $174 million (AED639 million), with EBITDA increasing by 11 percent y-o-y to $275 million (AED1.01 billion), the ...

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UAE Cabinet, chaired by Mohammed bin Rashid, approves ‘UAE Strategy for Islamic Finance and Halal Industry’

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has chaired the UAE Cabinet meeting held at Qasr Al Watan, Abu Dhabi. The meeting was attended by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court; HH Sheikh Hamdan bin ...

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UAE President receives delegation from Department of Government Enablement, winners of first Abu Dhabi Effortless Customer Experience Award

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed a delegation from the Department of Government Enablement – Abu Dhabi, along with the winners of the first edition of the Abu Dhabi Effortless Customer Experience Award, organised by the department, at Qasr Al Bahr. His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown ...

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