Local News

ABU DHABI / WAM Al Yah Satellite Communications Company (Yahsat) on Tuesday announced its consolidated financial results for the fourth quarter and full year for 2022. For the twelve-month period, Yahsat delivered growth in revenue and adjusted Ebitda, which increased 6% and 7% respectively year-on-year, meeting and exceeding financial guidance targets. Highlights for the full year include revenue of AED1.6 ...

DUBAI / WAM The “1 Billion Meals” initiative, the region’s largest food donation drive to support the underprivileged and undernourished in 50 countries across four continents, on Tuesday announced the completion of the distribution of 5.4 million meals in Rohingya refugee camps in Bangladesh, in collaboration with the United Nations’ World Food Programme (WFP). Thanks to the partnership between Mohammed ...

ABU DHABI / WAM Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (Added) and Jenaan Investment, has announced the winners of the CEO programme, Agritech Edition. After a rigorous nine-month programme that aimed to cultivate entrepreneurship and innovation skills, build and grow ag-food tech ventures, and contribute to the UAE’s Food Security Strategy, ...

ABU DHABI / WAM Journey of Generations, initiated by the Authority of Social Contribution – Ma’an and organised by volunteers from the community, has concluded its seventh cohort, celebrating with a walk-through of Umm Al Emarat park. The walk was joined by Dr. Mugheer Khamis Al Khaili, Chairman of the Department of Community Development – Abu Dhabi, and Salama Al ...

ABU DHABI / GULF TIME “Q Holding” signed a strategic agreement with the Abu Dhabi Residents Office (ADRO), a division of the Abu Dhabi Department of Economic Development, to promote real estate investment and community development in the UAE’s capital, Abu Dhabi. Under the terms of the agreement, the Abu Dhabi Residents Office will nominate real estate investors for the ...

SHARJAH / WAM A delegation of 143 senior officials and directors from prominent food and beverage companies in Turkiye recently visited the Hamriyah Free Zone Authority (HFZA) to explore new investment opportunities and experience the quality services provided to investors in the sector. During the visit, the Turkish delegation was briefed on the investment incentives and advantages offered by the ...

ABU DHABI / WAM  Tawazun Council has established a free zone dedicated to the military and security sector in Tawazun Industrial Park. The free zone covers 2.8 square kilometres and has been established to commence operations related to defence and security industries, including electronic and technological activities, clear-cut metal industries, safety and security, research and development, as well as logistics ...

ABU DHABI / WAM Adnoc Gas plc on Monday announced that, following approval from the SCA, its selling shareholder, Abu Dhabi National Oil Company (Adnoc or the selling shareholder) has exercised its right set out in the UAE prospectus to increase the number of ordinary shares offered in the initial public offering (IPO) of the company. Adnoc will now offer ...

DUBAI / WAM  In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued directives to immediately allocate 8,500 land plots to Emirati citizens in the Al Yalayis 5 area. The plots are located on an area spanning 120 million square feet. His Highness Sheikh Mohammed’s ...

DUBAI/ WAM e& has announced a strategic partnership with Mastercard that will see consumers and businesses in 16 markets across the Middle East, Asia and Africa benefit from a variety of new technologies and user-friendly experiences. The experiences include providing consumers with innovative alternatives to how they choose to pay for a variety of lifestyle activities. Consumers will also benefit ...