Recent Posts

Adnic posts net profit of AED133.6 million in Q1

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) reported a net profit of AED133.6 million in Q1 of 2021, a 9% increase compared to the same quarter last year. In a statement on Monday, Adnic said the company delivered solid performance and growth across key financial metrics. “Adnic’s performance was driven by the company’s clear strategy, underwriting discipline, ...

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Global Village breaks 25th Guinness World Record title

Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, concluded its Silver Jubilee Season in spectacular fashion last night, etching its name in the history books to the delight of all in attendance. Having set out in October with the aim of breaking 25 Guinness World Records to honour the ...

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ADIB net profit up 125% to AED608 million in Q1

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) said its net profit for Q1 of 2021 surged by 125 percent to AED608 million compared to AED 270 million in Q1 of 2020, and up 26 percent against Q4 of 2020. The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement. ...

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