Thursday, May 29, 2025

ADNOC Distribution

ADNOC Distribution’s profits reach AED 623 million in the second quarter of 2024

ADNOC Distribution’s Q2 profit exceeds AED 623 million, with cash dividends of AED 1.3 billion distributed to shareholders. ADNOC Distribution witnessed a significant increase in its profits during the second quarter of this year, reflecting strong performance in various sectors...

ADNOC is looking to expand in Egypt, Saudi Arabia and the UAE with huge investments

ADNOC Distribution continues its expansion journey in the markets of Egypt, Saudi Arabia and the UAE, supported by an ambitious investment strategy and flexibility in seizing promising acquisition opportunities. The Emirati company ADNOC Distribution plans to significantly expand its network...

Latest News

UAE introduces new service to verify academic degrees of private sector employees

A new digital project launched in the UAE will help verify the academic qualifications of private sector workers, authorities...

UAE: Minimum bank balance requirement of Dh5,000 suspended

The Central Bank of the UAE on Tuesday asked banks not to increase the minimum balance requirement from Dh3,000 to Dh5,000 for retail customers. The...

UAE announces Eid Al Adha holidays for public sector employees

Government employees in UAE will get a four-day weekend for Eid Al Adha this year. In a statement issued by the Federal Authority of Human...

UAE residents lost over Dh20 million in rejected Schengen visa applications in 2024

UAE residents hoping to visit Europe “wasted” a whopping Dh20.6 million (€4.93 million) in 2024 due to rejected Schengen visa applications, according to a...

Air Arabia to accept crypto payments for tickets through AE Coin

Air Arabia has become the first airline in the region to offer stablecoin-based payment. The Sharjah-based budget carrier has partnered with Al Maryah Community...