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Media IN/ ABU DHABI, 1st May, 2019 (WAM) Abu Dhabi National Insurance Company, ADNIC, today reported its financial results for the first quarter ended 31st March 2019. ADNIC achieved significant gross written premium growth by 42.8 percent to AED1.74 billion, compared to AED1.22 billion for the same period in 2018. …

Media IN/ ABU DHABI, 1st May, 2019 (WAM) ADCB, has merged with Union National Bank, UNB, and the combined entity has acquired Al Hilal Bank, legally completing a landmark transaction in the UAE, forming the ADCB Group with effect from today. The ADCB Group, serving over one million customers, has …

01-05-2019 Media in\ Abu Dhabi The results of the Credit Trust Survey conducted by the Central Bank of the UAE showed that demand for commercial loans increased during the first quarter of 2019, supported by the improvement in this type of credit, especially in the Emirate of Dubai. Participants in …

Media IN/SHARJAH, 1st May, 2019 (WAM) United Arab Bank, UAB, has announced its financial results for the three months ending 31st March 2019. UAB reported a net profit of AED22 million in Q1 2019 supported by an increase in interest income of six percent and an uplift in non-interest income …

Media In \ Moscow 01-05-2019 – The Moscow stock exchange saw a slight drop in the US dollar against the Russian ruble at the opening of trading on the Moscow bourse today. The dollar fell 6 kopek to 64.63 rubles, while the single currency rose 11 kopecks to 72.31 rubles.

Media IN/ KUWAIT, 1st May, 2019 (WAM) The price of Kuwaiti oil went up by 70 cents to US$72.09 per barrel on Tuesday, 30th April, compared to $71.39 pb on Monday, Kuwait Petroleum Corporation said Tuesday. According to the Kuwait News Agency, KUNA, Brent crude prices also rose by 76 …

  Media IN/ ABU DHABI, 1st May, 2019 (WAM) ADNOC Distribution today reported that its first quarter 2019 net profit increased by 6.6 percent to US$157 million, compared with the same period last year. Excluding inventory gains recorded in Q1 2018, the 2019 first quarter’s underlying EBITDA grew by 16.5 …

Media IN/ABU DHABI, 1st May, 2019 (WAM) Agthia Group today reported Q1 2019 net profit of AED40 million and revenue of AED508 million, representing revenue growth of 3.4 percent compared to the same period in 2018. The Chairman of Agthia, Ayed Al Ahbabi,  said, “Our core businesses maintained their growth …

  01-05-2019 Media in\ Riyadh The General Organization for Statistics announced at a press conference held at the headquarters of the Authority in Riyadh, the results of the household income and expenditure survey 2018. The head of the General Statistics Authority at the beginning of the conference appreciated the main …

MediaIn / Riyadh 01 -05-2019 During a workshop under the theme “Building Program for the Localization of Electrical Industries and the Registration and Qualification Mechanism”, the Saudi Electricity Company reviewed a number of investment opportunities in the electrical projects and facilities offered to contractors, investors and local manufacturers at the …