Abu Dhabi / WAM The total value of Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion, a 15 percent increase compared to the same period of 2021. Exports recorded a growth of 35 percent in the first three months of the year compared to the same period of last year, valued ...

  Abu Dhabi / WAM Mubadala Investment Company, an Abu Dhabi sovereign investor, released its 2021 financial results for the group, achieving a total comprehensive income (TCI) attributable to the owner of AED 122 billion for the year, compared to AED 72 billion in 2020. At year end, assets under management across the group stood at AED 1,045 billion compared ...

  Abu Dhabi / WAM Abu Dhabi Airports on Wednesday released its passenger traffic results for the first quarter of 2022. It revealed that the airport welcomed 2.56 million guests, more than triple the number seen during the same period last year, on the back of resurgent demand and the resulting introduction of new frequencies, routes and services. First quarter ...

  ABU DHABI / WAM Al Yah Satellite Communications Company on Wednesday announced its financial results for the three-month period ended March 31. Yahsat reported first-quarter revenue of AED362.5 million [$98.7 million], reflecting an increase of 9.4% year-on-year. All business segments performed well, with a particularly exceptional performance in both managed solutions and mobility solutions, which increased by 26.0 percent ...

  DUBAI / WAM Dubai parks witnessed a huge turnout from families during the Eid Al Fitr holidays. The parks received more than a quarter of a million visitors, which is an increase of 76.38% over the same period last year. Al Mamzar Park received the largest share of visits. The parks had opened their doors to receive families and ...

  DUBAI / WAM Emirates and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), on Wednesday signed a memorandum of understanding (MoU) to boost tourist numbers across the airline’s global network. The new partnership is part of the airline’s commitment to promote tourism to the UAE by aligning activities with other tourism partners and capitalising on ...

  ABU DHABI / WAM Waha Capital has reported a 32% year-on-year increase in first quarter net profit, driven by robust returns from its public markets business and the strong performance of its Waha Mena equity fund. The company recorded a net profit of AED147 million in the first three months of 2022, compared to AED111 million in the same ...

Bloomberg German utility Uniper SE is confident its next payment for Russian natural gas will comply with Kremlin demands without violating sanctions, in the latest sign that European companies and their Russian supplier are finding ways to keep the gas flowing. Uniper, one of Europe’s biggest buyers of the fuel from Russia, will pay in euros when its next bill ...

Debates among German intellectuals are usually so vapid, pretentious and painful to behold that I hesitate to wish the experience even on my worst enemies. But I’m making an exception for a phenomenon I’ll call the War of Open Letters. This ongoing philosophical conflict is about the brutal attack by Russian President Vladimir Putin on Ukraine, and the appropriate reaction ...

Nine out of 10 central banks are exploring electronic versions of physical cash, according to the Bank for International Settlements’ 2021 survey of monetary authorities released this month. Nearly everyone, it seems, is convinced that the future of money is digital. While that might be right, does every country need to be on the bandwagon just yet? Not really. Whether ...