DUBAI / WAM Emirates Global Aluminium (EGA) on Monday reported a net profit of AED5.5 billion ($1.5 billion), an increase of 1,140 percent compared to AED445 million ($121 million) in 2020. EGA reported record adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted EBITDA) more than doubled to AED9.0 billion ($2.5 billion) for 2021, from AED4.1 billion ($1.1 billion) ...

  ABU DHABI / WAM The UAE has sent an aid plane containing 48 metric tons of food supplies to Gambia, to strengthen the government’s continued support in alleviating the humanitarian situation and improving living conditions across many of the regions. Sultan Ali Al-Harbi, Non-Resident Ambassador of the UAE to Gambia, underscored the UAE’s keenness to provide humanitarian assistance to ...

  SHARJAH / WAM Shareholders of Sharjah Islamic Bank (SIB) have approved increasing the percentage of foreign ownership of the bank’s shares to 40%, at the Annual General Meeting headed by Abdul Rahman Al Owais, Chairman of the Board of Directors. They also approved the distribution of 8% of cash profits to shareholders after SIB achieved net profits of AED514.1 ...