Local News

JEDDAH/WAM Khalifa Shaheen Al Marar, Minister of State, led the UAE delegation to the open-ended extraordinary meeting of the Executive Committee of the Organisation of Islamic Cooperation, which was held at the foreign minister level. The meeting took place at the headquarters of the OIC’s secretariat in Jeddah at the request of Palestine and Iran, and discussed current developments and ...

ABU DHABI/WAM Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported a 10.4 percent growth in revenue to AED 2.4 billion for the first half of the current year ending 30th June 2024. Outpatient and inpatient revenue increased by AED 137 million and AED 82 million, respectively, the group said in a statement today. Group earnings before ...

ABU DHABI/WAM  Youssef Salem, Chief Financial Officer of ADNOC Drilling, projected the company to achieve net profits between US$1.15 billion and US$1.3 billion by the end of 2024. In a statement to the Emirates News Agency (WAM), he said that the company achieved net profits of about US$570 million during the first half of 2024, while it is expected to ...

NEW ALAMEIN CITY/WAM The emirate of Fujairah and the Egyptian government have signed a cooperation agreement in the form of a Memorandum of Understanding (MoU) in the petroleum field. The signing ceremony took place at the government headquarters in the new Alamein city, in the presence of Egypt’s Prime Minister, Dr Mostafa Madbouly, and Karim Badawi, Egyptian Minister of Petroleum ...

ABU DHABI/WAM ADNOC Logistics and Services today announced its second quarter and first half 2024 financial results. During H1 2024, ADNOC L&S recorded a net profit of $401 million (AED1,473 million), equating to $0.05 (AED0.20) per share, an increase of 31% on H1 2023. The company reported revenues of $1,740 million (AED6,390 million), up 42% from H1 2023. EBITDA rose ...

DUBAI/WAM Ripple, a specialised enterprise in blockchain and crypto solutions, has announced plans to partner with DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC) to accelerate blockchain and digital asset innovation in the UAE. The new partnership will connect the next generation of developers with the DIFC Innovation Hub, the largest innovation community in ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Alassane Ouattara of Côte d’Ivoire on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

SHARJAH/WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an Emiri Decree approving the general organisational structure of the Sharjah Government Legal Department (SGLD). The Decree stipulated that the general organisational structure of the SGLD attached to this decree shall be approved. As per the decree, the Sharjah Executive Council shall issue ...

ABU DHABI/WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, has published a comprehensive Healthcare Workforce Bioethics Guidelines in a pioneering step towards ensuring standardised ethical practices in Abu Dhabi’s dynamic healthcare sector. Built on best practices and in consultation with subject matter experts, bioethics is the study and practice of ...

DUBAI/WAM Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, today announced its financial results for the first half of 2024, reporting total revenues of AED1.352 billion, rising 10.3 percent year-on-year (YoY). Empower’s first six months’ EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) grew 6.0 percent YoY to AED693 million, while earning AED428 million ...