The First Abu Dhabi Bank Group achieved a net profit of 13.4 billion dirhams for the year 2022, an increase of 7% compared to 2021. The bank’s board of directors recommended a cash dividend of 52 fils per share, compared to 49 fils per share in 2021, subject to the …
Read More »Decree-law to establish the National Information Office
The UAE issued Federal Decree Law No. 55 of 2022 establishing the National Media Office, which stipulates that an office called the National Media Office shall be established, reporting to the Deputy Prime Minister and Minister of the Presidential Court, and it shall have a legal personality, and enjoy the …
Read More »The Head of State and his Vice President congratulate the President of India on Republic Day
His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him,” sent a congratulatory message to Draupadi Mormo, President of the Republic of India, on the occasion of Republic Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of …
Read More »A decrease in temperature and rain accompanied by “lightning and thunder” tomorrow
Abu Dhabi, January 25 / The National Center of Meteorology expected that the state of atmospheric instability will continue, and the weather will be partly cloudy to cloudy, interspersed with some cumulus clouds, accompanied by rain of varying intensity with lightning and thunder at times in separate areas, with a …
Read More »Moody’s upgrades DB World’s credit rating
Dubai, January 25: Moody’s Investors Services (Moody’s) announced that it had raised the credit rating of the “DB World” group, which highlights the great confidence in the company’s business and its future growth. The upgrade of the group’s classification follows two major investments achieved in 2022 in three of the …
Read More »Dubai Islamic Bank distributes 30% cash after profits of 5.5 billion dirhams, a growth of 26%. Total income rises 20% to 14 billion dirhams
The net profit of the Dubai Islamic Bank Group recorded a record growth during 2022, by 26% on an annual basis, to reach 5.55 billion dirhams, compared to 4.40 billion dirhams for the same period last year. This strong growth comes on the back of higher core revenues, prudent cost …
Read More »Dubai Shopping Festival offers final discounts for more than 500 brands
Dubai, January 25: The 28th edition of the Dubai Shopping Festival, organized by the Dubai Festivals and Retail Corporation, is offering final discounts as this exciting promotional and entertainment event draws to a close. Shoppers can rediscover big promotions and other events across Dubai from January 27 to 29. current. …
Read More »“First Abu Dhabi” successfully issues bonds worth $600 million
Abu Dhabi, January 25 / First Abu Dhabi Bank, one of the largest and safest financial institutions in the world, succeeded in issuing $600 million in bonds with a maturity of 5.25 years, at a rate of 105 basis points above the rate of US Treasury bond yields, with a …
Read More »The head of state arrives in Pakistan
Rahim Yar Khan On January 25, His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him,” arrived today in the city of Rahim Yar Khan on a visit to the friendly Islamic Republic of Pakistan. Upon his arrival at the airport, His Highness the …
Read More »“Ras Al Khaimah Emergencies and Crises” warns sea and road goers of “weather instability”
The local Emergency and Crisis Management Team of the Emirate of Ras Al Khaimah warned those who go to the sea, roads and valleys of the state of instability that prevails in the emirate during this period in particular, based on the report of the National Center of Meteorology in …
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