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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

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Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

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UAB net profit up by 50% for H1

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ADNIC helps Social Investment Fund

ADNIC had reported a net profit of $109.1 million for 2023. (File pic)
  • ADNIC’s contribution will help finance further social impact programs and be used toward tackling key social causes such as health, employment, education, family and community
  • Abu Dhabi National Insurance Company (ADNIC) has contributed AED3 million to the Social Investment Fund, administered by the Authority of Social Contribution - Ma’an

Abu Dhabi National Insurance Company (ADNIC) has contributed AED3 million to the Social Investment Fund, administered by the Authority of Social Contribution – Ma’an. The donation will go toward helping the Abu Dhabi community in addressing social challenges.

ADNIC’s contribution will help finance further social impact programs and be used toward tackling key social causes such as health, employment, education, family and community and the environment, helping build a thriving third sector in Abu Dhabi and creating a lasting impact for people.

These priorities have been identified by the Department of Community Development – Abu Dhabi with the Fund being Abu Dhabi’s official Government channel to receive contributions from the public and private sectors and civil society.

Launched in 2020, the Fund is a key pillar of Ma’an’s work in driving social innovation with all contributions invested into providing sustainable funding that supports social challenges and needs. It is also part of the Authority’s on-going efforts to bring together the government, the private sector and civil society to solve key social challenges and contribute to the development of strong, active, inclusive and collaborative communities.

Ahmad Idris, CEO of ADNIC, said, “Cooperation is one of the key components of the Abu Dhabi and UAE community when it comes to addressing social challenges. Supporting social initiatives is one of our country’s long-standing values and we are continuously prioritizing community work at ADNIC.