Local News

Abu Dhabi’s Aldar enters JV to debut into Dubai realty market

Abu Dhabi / WAM Aldar Properties and Dubai Holding have announced the signing of a binding joint venture (JV) agreement to develop new living experiences across prime locations in Dubai. The agreement marks Aldar’s entry into Dubai’s high performing real estate market as part of the company’s broader expansion into new markets. The move adds considerable weight to Aldar’s development ...

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Mubadala Health, US firm discuss future of healthcare

  Abu Dhabi / WAM Mubadala Health and BioIntelliSense, a continuous health monitoring and clinical intelligence company, hosted a delegation of chief medical officers and leaders of technology and healthcare firms to discuss the future of healthcare, and how tech-enabled care could lead to enhanced healthcare efficiencies and improved patient outcomes. Hasan Jasem Al Nowais, Chief Executive Officer of Mubadala ...

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Etihad to add more flights to Frankfurt

  Abu Dhabi / WAM Etihad Airways has announced that it will increase its services to Frankfurt, Germany, as of May 1. The airline will add an extra four services a week to its current daily frequency, bringing the total number of flights to Frankfurt up to 11 weekly. The additional flights will be operated by one of Etihad’s ultra-modern ...

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Adnoc signs AED17bn deals to boost local manufacturing

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), a reliable and responsible provider of lower-carbon intensity energy, on Thursday announced it has signed agreements with 23 UAE and international companies for local manufacturing opportunities across a wide range of critical industrial products worth AED17 billion ($4.63 billion). The agreements outline the intention of the companies to manufacture ...

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Borouge reports $1.4bn net profit during 2022

  Abu Dhabi / WAM Borouge on Thursday announced its financial results for the twelve-month and three-month periods ended December 31, 2022, with strong year-on-year growth in sales volumes driving healthy revenue growth. Highlights for the twelve months to December 31, 2022; Borouge reported a net profit of $1.4 billion, in line with market expectations and holding up well, despite ...

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WAM discusses bilateral cooperation with media companies in Panama

PANAMA / WAM A delegation from the Emirates News Agency (WAM), chaired by its Director-General Mohammed Jalal Al Rayssi, has discussed the agency’s cooperation with several media entities in Panama. During its visit to Panama, WAM delegation explored the outcomes of the first edition of the Global Media Congress which was held in Abu Dhabi in November 2022 and the ...

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Etihad Airways to increase its flights to Frankfurt from May 1

  Abu Dhabi / WAM Etihad Airways has announced that it will increase its services to Frankfurt, Germany, as of May 1. The airline will add an extra four services a week to its current daily frequency, bringing the total number of flights to Frankfurt up to 11 weekly. The additional flights will be operated by one of Etihad’s ultra-modern ...

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ADPHC, Talabat UAE to promote healthy living

  Dubai / WAM The Abu Dhabi Public Health Centre (ADPHC) has signed a memorandum of understanding (MoU) with Talabat UAE, the leading online food delivery and q-commerce platform, during a ceremony at Arab Health 2023, to collaborate in promoting healthier eating habits in Abu Dhabi through the use of data and research. As part of this collaboration, Talabat UAE ...

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Titan Eye+ launches first international store in UAE

  Dubai / Gulf Time Titan Eye+, India’s largest eyewear company, has launched its first international store in the UAE, adding to its footprint of 860+ Titan Eye+ stores across 300 different cities in India. The brand, which has an annual production capacity of close to two million lenses and one million frames, has also announced a robust regional expansion ...

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Agthia group posts 14% rise in 2022 net profit

  Abu Dhabi / WAM Agthia group PJSC announced preliminary and unaudited results for the fiscal year ending December 31, 2022, reporting a rise of 14% year-on-year (YoY) in net profit to AED247 million. According to its report, the group’s net revenue increased 33% YoY to AED4.07 billion, with growth of 97% on a two-year basis. Revenue growth from our ...

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