ABU DHABI / WAM Over 30 of the world’s leading energy chief executives will gather in Abu Dhabi on Sunday, to discuss key issues impacting the energy landscape and the outcomes of the UN Climate Change Conference of the Parties (COP26), at the 7th Abu Dhabi CEO Roundtable hosted by the Abu Dhabi National Oil Company (Adnoc). The industry leaders ...
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Dubai / Emirates Business The Arabian Gulf Investments Company announced the acquisition of stakes in three strategic companies in Egypt. The acquisition was announced at a signing ceremony organised in Cairo in the presence of Khalifa Saif Al Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investments Company, and Engineer Abdeen Ibrahim Arida, Chairman of the Board ...
Read More »ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said that the capital, Abu Dhabi – being awarded the ‘Bike City’ label – is a new global recognition added to the UAE’s sporting achievements in various fields. While expressing his happiness with ...
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ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated pro-forma financial results for the period ended September 30, announcing group revenues of AED34.3 billion, 11% higher than the prior-year period, primarily due to higher commodity prices within the oil and gas segment. Taqa also announced that earnings before interest, taxes, depreciation, and amortisation (Ebitda) reached AED14.4 billion, ...
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DUBAI / WAM The Emirates Group on Wednesday announced its half-year results for its 2021/2022 financial year. Group revenue was AED24.7 billion ($6.7 billion) for the first six months of this year, up 81% from AED13.7 billion ($3.7 billion) during the same period last year. This strong revenue recovery was underpinned by the easing of travel restrictions worldwide and the ...
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Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) signed on Wednesday a strategic cooperation agreement that aims to achieve synergies and greater cross border cooperation to enhance market liquidity and to promote the issuance of low-cost investment vehicles. The parties agreed on a strategic plan to implement new measures over the next nine months to ...
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Abu Dhabi / WAM The Emirates Development Bank (EDB), on Wednesday announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase ...
Read More »Abu Dhabi / WAM As part of its endeavours to strengthen and activate means of economic and investment cooperation with various countries of the world, the UAE, represented by the Ministry of Finance, signed an agreement to promote and protect mutual investments with Jersey. The agreement, which was signed at the ministry’s headquarters in Dubai, aims to encourage foreign investment, ...
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Abu Dhabi / WAM The Emirates Development Bank (EDB), on Wednesday announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF) to offer credit guarantee and co-lending for Small and Medium-sized Enterprises (SMEs) in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase ...
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Dubai / Emirates Business Sheikh Nahyan bin Mubarak Al Nahyan, UAE Cabinet Member and Minister of Tolerance and Coexistence, inaugurated the 6th International Procurement and Supply Chain Conference 2021, in Dubai, which is the biggest of its kind in the Middle East. Emphasising that the need for a closely connected global supply chain network now is even greater, Sheikh Nahyan praised ...
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