Colors: Orange Color

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has reported Net Profit of AED 455.6 million for the period ending September 30, 2021, an increase of 9% as compared to AED 418.1 million for the same period last year. Total Income also increased to AED 2.6 billion from AED 1.9 billion for the first nine months of the year.

The Agriculture Innovation Mission for Climate (AIM for Climate) – a major new initiative led by the United Arab Emirates (UAE) and United States (US) with the support of over 30 governments – officially launched today and announced an “early harvest” of $4 billion of increased investment to accelerate innovation for climate-smart agriculture and food systems over the next five years. The UAE has pledged $1 billion of increased investment as part of this initiative.

Arab Bank Group reported net income after tax of $271.7 million as compared to $215.2 million for the same period last year, recording a growth of 26%. Arab Bank consolidated the financial statements of Oman Arab Bank under its Group accounts increasing total assets by $8.4 billion to reach $63.7 billion compared to $52.5 billion for the same period last year.

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