DUBAI / WAM Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, on Wednesday announced its results for the period ending on March 31. The bank’s net profit came in at AED 1.506 billion, up 12 percent year-on-year (YoY) compared to AED1.345 billion, a growth was driven by rising core revenues and effective cost management. Net financing and ...

HANOI / WAM Dr Bader Abdullah Al Matrooshi has presented his credentials as UAE ambassador Extraordinary and Plenipotentiary to Vietnam, to Võ Văn Thưởng, President of the Socialist Republic of Vietnam, at an official reception ceremony which took place at the Presidential Palace in the capital, Hanoi. During the meeting, Al Matrooshi conveyed to the President of Vietnam the greetings ...

LATAKIA / WAM The Emirates Red Crescent (ERC) team in Latakia Governorate are distributing Eid clothes sets among  60 orphans in the governorate who’ve lost their parents in the February 6 earthquake as part of  the“Operation Gallant Knight/2”, initiated by the Ministry of Defence’s Joint Operations Command. Mohamed Khamis Al-Kaabi, the head of the ERC team, said the UAE humanitarian ...