Local News

  Abu Dhabi / WAM The UAE has proactively invested in proven clean energy. Within a decade, solar and peaceful nuclear energy have transformed UAE’s energy sector, ensuring the nation is ahead of the curve on achieving net zero by 2050. Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation highlighted this during ...

  Abu Dhabi / WAM Emirates Steel Arkan on Tuesday announced its first-quarter results with revenues of AED2.04 billion for the first quarter of 2022, compared to AED233.5 million in 2021. The earnings reflect the positive impact of merger in Q4 2021 of Arkan and Emirates Steel. Net profit was AED72.6 million compared to AED1.2 million for the same period ...

  Abu Dhabi / WAM Mubadala Investment Company and Engie, a worldwide energy leader, on Tuesday signed a memorandum of understanding to explore the development of a digital platform for charging electric vehicles in Abu Dhabi and the Middle East region. Under the agreement, the two companies will work together to explore development of a digital platform which will include ...

  DUBAI / WAM Emirates and Royal Air Maroc on Tuesday launched a codeshare partnership, providing more travel options and connection choices for customers of both airlines between Dubai and Casablanca, and beyond. Effective later this month, both airlines will place their marketing codes on each other’s flights between Casablanca and Dubai to a total of 209 combined destinations. The ...

  Abu Dhabi / WAM Adnoc Drilling Company on Tuesday announced its financial results for the three-month period ended March 31, reporting significant revenue growth for the period, increasing to $601 million, up 14.9% on the same period last year. Year-on-year revenue growth was delivered across all business segments, with the company firmly on track to deliver on its ambitious ...

  Abu Dhabi / WAM Adnoc Distribution on Tuesday reported strong first-quarter 2022 results, recording a 7.8% year-on-year increase in Ebitda to AED881 million with a 6.3% year-on-year increase in net profit to AED671 million for the quarter, while cash flow generation remained strong with free cash flow of AED1.9 billion. The company has seen a strong recovery in total ...

  Sharjah / WAM Arada has awarded two major contracts together, totalling AED460 million, to build the first residential district at Masaar, Sharjah’s forested megaproject. Featuring 4,000 villas and townhouses, Masaar is divided into eight gated districts, all set in woodland and nature-inspired master plan. Valued at AED228 million, the contract to build 142 villas in the Sendian district of ...

  Abu Dhabi / WAM Adnoc Drilling Company on Tuesday announced its financial results for the three-month period ended March 31, reporting significant revenue growth for the period, increasing to $601 million, up 14.9% on the same period last year. Year-on-year revenue growth was delivered across all business segments, with the company firmly on track to deliver on its ambitious ...

  Sharjah / WAM The Sharjah Children’s Reading Festival (SCRF) kicks off its much-awaited 13th edition on Wednesday under the theme, ‘Create Creativity’ at Expo Centre Sharjah. Organised annually by Sharjah Book Authority (SBA), the festival is held under the patronage of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, and Her ...

  Dubai / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs and CEO of Ports, Customs and Free Zone Corporation, said Dubai Customs completed 381,275 customs declarations during the Eid al-Fitr holiday. He affirmed that Dubai Customs keeps pace with Dubai’s dynamic progress by developing smart customs systems and programmes that work around the clock to fulfill the needs of ...