Local News

DUBAI / WAM Dubai Customs has announced that the volume of external trade with India reached AED 67 billion in the first half of 2021 alone, across gold, jewellery, diamonds, vehicles, telecoms, and petroleum oils, compared to AED 89 billion in 2020. “This reflects the weight and significance of Dubai as a global hub for trade and tourism relying on ...

NEW YORK / WAM The UAE underlined its commitment to regional and international efforts to address threats to maritime navigation, the marine environment, and global trade. The UAE submitted a written statement to the United Nations Security Council for its high-level open debate on maritime security, chaired by Indian Prime Minister Narendra Modi. In light of recent threats to maritime ...

Dubai / Emirates Business Blue Ocean Academy is the first organisation in the UAE from the corporate training services industry to win the iconic Superbrands 2021 status, reinforcing its position as the leading name in knowledge empowerment solutions in the Mena region. The distinction by Superbrands, a global independent authority and arbiter of branding was bestowed upon Blue Ocean Academy ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, has reclaimed 90 percent of its pre-Covid destinations and recorded a 20 percent increase in tonnage compared to the same period in 2019, according to the company’s press release on Wednesday. The award-winning UAE carrier currently services 72 network destinations across the Middle ...

ABU DHABI / Emirates Business The National Takaful Company (Watania) on Wednesday announced financial results for the first half of 2021 that ended June 30, 2021, reporting a net profit of AED 7.0 million and annualised ROE of 13.5% for H1 2021. “A recent S&P report has noted that very high competition in the overcrowded GCC insurance industry will continue ...

DUBAI / WAM Dubai Airports is projecting robust growth for Dubai International (DXB) in the second half of the year after the airport clocked 10.6 million passengers in the first six months of 2021 despite travel restrictions affecting its key source markets throughout the second quarter. According to the latest figures issued by Airports Council International (ACI), DXB remains the ...

ABU DHABI / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), is providing urgent aid to support civilians affected by wildfires in Greece. The UAE also assisted the efforts aimed at suppressing the fires, by deploying a helicopter to contain the wildfires on the borders of the Greek capital, Athens. The aid is upon the directives ...

ABU DHABI / WAM Adnoc Distribution on Tuesday reported that its first-half 2021 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at AED1.53 billion, with net profit of AED1.15 billion. For the second quarter, EBITDA was AED712 million with net profit of AED521 million, according to a press release on Tuesday. The strong results were driven by higher fuel ...

ABU DHABI / WAM As part of its efforts to support sisterly and friendly countries, the UAE dispatched an aircraft to the Comoros loaded with 300,000 Covid-19 vaccine doses and other medical supplies, including 600,000 injection needles, to facilitate the local vaccination process. Saeed Mohammed Al Maqbali, UAE Ambassador to Comoros, said dispatching the medical supplies aimed at addressing the ...

Abu Dhabi / Emirates Business Etihad Airways has announced operating and financial results for the first half of 2021, showing a progressive recovery across its business despite a slower than expected return to global air travel. The airline carried one million passengers in H1 2021, with an average seat load factor of 24.9%. This represents an average 10% month-on-month growth ...