UAE

01-05-2019 Media in\ Dubai The Dubai Council for the Future of Transport discussed at its first meeting today four main axes: self-driving vehicles, technology and smart systems for the future of transport and new business models to promote the use of mass transit, shared transport and sustainable transportation. He also …

Media IN/ AL AIN, 1st May, 2019 (WAM) Al Ain Convention Centre (AACC) the wholly-owned subsidiary of the Abu Dhabi National Exhibitions Company, ADNEC, has contributed AED2.604 billion to the economy of Abu Dhabi in direct and indirect impact between 2014 and 2018, ADNEC announced today. The leading exhibition and …

Media IN/ ABU DHABI, 1st May, 2019 (WAM) The Abu Dhabi National Oil Company (ADNOC) announced on Wednesday – as part of Abu Dhabi’s block licensing strategy and on behalf of the Supreme Petroleum Council (SPC),  the details of the second round of five new geographical oil and gas blocks …

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/ 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\ Abu Dhabi The net reserves of the banking system in the UAE / banks and central bank / about 423.3 billion dirhams during the first quarter of 2019, an increase of 69 billion dirhams compared to the same quarter of 2018. The net increase in net reserves …