DUBAI / WAM Emirates Global Aluminium (EGA) on Tuesday reported adjusted earnings before interest, taxes, depreciation and amortisation (adjusted Ebitda) of AED4.1 billion ($1.13 billion) for 2020, a 63 percent increase over 2019. EGA’s smelting Ebidtda margin for 2020 was 23 percent (2019: 14 percent), ranking amongst the best globally, the company said on Tuesday. EGA flexed its aluminium product ...
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Abu Dhabi / WAM The UAE gross bank assets, including bankers’ acceptances, rallied to AED3.172 trillion by the end of January 2021, figures by the central bank of the UAE have shown. Gross credit in banking system likewise grew from AED1.779 trillion by the end of December 2020 to AED1.779.2 trillion in January, with total bank deposits going up to ...
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ABU DHABi / WAM Upbeat sentiments continued for the third day straight at UAE financial markets amid increased cash flows that saw the twin bourses of Abu Dhabi and Dubai gaining a combined AED17.4 billion since Sunday. The two bourses on Tuesday posted gains of around AED6.6 billion in market cap, with ADX closing higher around 0.72 percent than the ...
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Abu Dhabi / WAM Proven technologies for a net-zero energy system already largely exist today, finds the preview of World Energy Transitions Outlook by the International Renewable Energy Agency (Irena). Renewable power, green hydrogen and modern bioenergy will dominate the world of energy in the future. Previewed at the Berlin Energy Transition Dialogue on Tuesday, Irena’s Outlook proposes energy transition ...
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Abu Dhabi / WAM The Abu Dhabi Global Market (ADGM) Registration Authority (RA), and the Registrar of Companies in the Israeli Corporations Authority, have entered into a Statement of Co-operation (SoC) with an aim of facilitating an influx of business opportunities between both jurisdictions and enhancing their respective registration functions, the regulators said in a statement. The MoU was signed ...
Read More »RAS AL KHAIMAH / WAM Major General Ali Abdullah bin Alwan Al Nuaimi, Commander-in-Chief of the Ras Al Khaimah Police and Head of the Local Emergency Crisis and Disaster Team in the Emirate of Ras Al Khaimah, on Tuesday announced a set of precautionary measures during the Holy month of Ramadan. Major General Al Nuaimi said that these decisions include ...
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RAS AL KHAIMAH / WAM Major General Ali Abdullah bin Alwan Al Nuaimi, Commander-in-Chief of the Ras Al Khaimah Police and Head of the Local Emergency Crisis and Disaster Team in the Emirate of Ras Al Khaimah, has announced a set of precautionary measures during the Holy month of Ramadan. Major General Al Nuaimi said that these decisions include restrictions ...
Read More »DUBAI-BERBERA / WAM DP World Berbera, a regional maritime hub in the Horn of Africa, on Tuesday welcomed the arrival of three new ship-to-shore (STS) gantry cranes, as part of its current project to expand and further develop the Port of Berbera. The three cranes were brought to the port by the vessel Zhen-Hua 29, and were safely off-loaded in ...
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Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 208,085 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...
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DUBAI / WAM Expo 2020 Dubai has urged UAE citizens and residents who wish to act as ambassadors for the country and help welcome millions of visitors to the first World Expo in the region to sign up for the Expo 2020 Volunteers Programme, with applications set to close on March 31. Following a huge response garnered with the support ...
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