Local News

ABU DHABI / WAM Aldar announced its financial results for the first half of 2018, delivering a resilient underlying performance across the business. According to a press statement, gross profit in the second quarter of 2018 increased by 20 percent to AED649 million compared to AED542 million in 2017. Commenting on the results, Talal Al Dhiyebi, Chief Executive Officer of ...

ABU DHABI / Emirates Business The Khalifa Fund for Enterprise Development (KFED) successfully organised a workshop aimed at increasing more awareness on the significant role being played by today’s online marketplace and the benefits and advantages to be gained from it. The event, which was held in collaboration with the Expo 2020 Dubai Team at the Khalifa Innovation Centre in ...

ABU DHABI / WAM A group of Emirati employees from the Abu Dhabi National Oil Company (Adnoc) has become the first group of trainees to start a two year professional development programme with Schlumberger, an oil and gas industry technology and service provider. The programme is part of Adnoc’s continued efforts to build a world-class workforce with enhanced advanced technology ...

Sharjah / Emirates Business Sharjah Airport Authority (SAA) announced that it has completed preparations for the peak of the travel season and an expected influx of Hajj pilgrims. Sharjah Airport, which is expecting to receive more than 1.1 million passengers on both scheduled and non-scheduled flights this August, has finalised arrangements for all procedures needed to ensure a comfortable travel ...

Abu Dhabi / Emirates Business Agthia Group PJSC, one of the UAE’s leading food and beverage groups, reported H1 2018 net profit of AED109 million on revenues of AED1.01 billion, representing 1 percent like-for-like revenue growth. Agthia’s like-for-like profit also increased by 6 percent, driven by the Group’s relentless focus on cost efficiencies and optimization to add value to its ...

DUBAI / WAM The UAE Council for Artificial Intelligence and Digital Transactions highlighted the impor- tance of training Emiratis and attracting international talent who specialise in data, to achieve the goals of the UAE Strategy for Artificial Intelligence and the UAE Strategy for Digital Transactions, in line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry issued a resolution to exempt private sector companies and institutions in Abu Dhabi from all fines that are due to delayed membership renewals of 24 months or more, to give them the opportunity to adjust their status until the end of December. Mohammed Hilal Al Muhairi, Director-General of ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency. ENEC worked closely with the ...

ADELAIDE / WAM The UAE Space Agency has launched a Mars Summer Camp, running from August 4-12 in Adelaide, Australia, to generate enthusiasm amongst students for science, technology, engineering and mathematics. The Mars Summer Camp was organised in collaboration with the Mike Roach Space Education Centre at Hamilton Secondary College and the Think Science programme of the Emirates Foundation. The ...

DUBAI / WAM Emirates Global Aluminium (EGA) on Monday announced the launch of its 2017 sustainability report detailing the organisation’s values, comm- itments, aspirations and achi-evements in environmental, social and economic performance. In a press statement, EGA said that it aspires to be measured amongst the world’s leading metals and mining companies in meeting its environmental and social responsibilities. EGA’s ...