Local News

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 142,603 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, the ministry announced that 1,507 new coronavirus cases, bringing the total number of recorded cases in the UAE to 537,524. The ministry also noted ...

Abu Dhabi / WAM Adnoc Distribution on Monday reported its first-quarter 2021 financial results, recording an underlying Ebitda of AED740 million with a net profit of AED631 million for the quarter, while cash flow generation remained strong with a free cash flow of AED835 million. In the first quarter of 2021, Adnoc Distribution delivered a strong financial performance, with Ebitda ...

SHARJAH / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, and Simon Penney, UK Trade Commissioner for the Middle East and Consul-General in Dubai and the Northern Emirates, have discussed ways to expand trade, investment, and cultural cooperation between Sharjah and Edinburgh, capital of Scotland in the UK. Al Qasimi emphasised that Edinburgh, ...

Abu Dhabi / WAM The General Civil Aviation Authority (GCAA) and the National Emergency, Crisis and Disaster Management Authority (NCEMA) announced that entry from Bangladesh, Pakistan, Nepal and Sri Lanka will be suspended for all incoming passengers on national and foreign carriers, as well as those carrying transit passengers, starting from 23:59 on Wednesday, May 12. The decision exempts transit ...

Abu Dhabi / WAM The United Arab Emirates can be a bridge between Central America and the Arabian Gulf, according to a senior Costa Rican official. In an exclusive interview with Emirates News Agency (WAM) at the Costa Rican Embassy in Abu Dhabi, Adriana Bolanos Argueta, Deputy Minister of Foreign Affairs and Worship of Costa Rica, also said that Mohamed ...

Abu Dhabi / Emirates Business General Holding Corporation (Senaat), part of ADQ and the sole shareholder of Emirates Steel Industries (Emirates Steel) announced on Sunday that it has submitted an offer to the Board of Arkan Building Materials Company (Arkan). The offer sets out the principal terms and conditions on which Senaat would transfer Emirates Steel, a leading integrated steel ...

Abu Dhabi / WAM The UAE State Audit Institution (SAI) and the United Nations Office on Drugs and Crime (UNODC) have signed an agreement concerning the implementation of the “Abu Dhabi Declaration” issued by the eighth session of the Conference of the States Parties to the United Nations Convention against Corruption held in Abu Dhabi in December 2019. The Abu ...

Abu Dhabi / WAM Etisalat group announced the successful completion of a bond issuance worth one billion euros to refinance the maturing bond tranche it had issued in 2014 for the acquisition of a controlling stake in Maroc Telecom. Etisalat group issued bonds in two tranches, the first is a 7-years tranche amounting to 500 million euros with an annual ...

Dubai / Emirates Business Emaar Malls recorded an increase in net profit by 169 percent to AED318 million during the first quarter (January to March) of 2021, compared to the net profit of AED118 million, during the last-quarter (October to December) of 2020. Revenue for the first three months of 2021 amounted to AED901 million. Emaar Mall’s e-commerce fashion and ...

Dubai / Emirates Business Emirates has set up a humanitarian airbridge between Dubai and India to transport urgent medical and relief items, to support India in its fight to control the serious Covid-19 situation in the country. Emirates will offer cargo capacity free of charge on an “as available” basis on all of its flights to nine cities in India, ...