Abu Dhabi / WAM The Ministry of Finance (MoF) released on Tuesday the preliminary government finance statistics data for year 2021, in accordance with the criteria of the Government Finance Statistics Manual issued by the International Monetary Fund (IMF). This comes in line with the Open Data Policy set by the UAE. During 2021, the revenues at the federal level ...
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Abu Dhabi / WAM Masdar on Tuesday announced it has acquired the UK-based battery energy storage system (BESS) developer Arlington Energy. The acquisition will enable Masdar to expand its presence in the UK and European renewable energy markets and support countries’ net-zero objectives. Based in London, Arlington Energy has a proven record in developing, building, operating and financing flexible energy ...
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Dubai / WAMÂ Mageed Yahia, UN Resident Coordinator ad interim for the UAE, and WFP Director in the UAE and Representative to the GCC, said that this year’s celebration of the United Nations Day coincides with the 50th anniversary of the UAE’s membership in the international organisation, highlighting the country’s prominent role in hosting international organisation offices in the country. ...
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Dubai / WAM The Water, Energy, Technology and Environment Exhibition (Wetex) and Dubai Solar Show (DSS), organised by Dubai Electricity and Water Authority (Dewa), attracted 47,415 visitors in its 24th edition. 1,750 companies from 55 countries worldwide participated in the exhibition under the theme ‘At the Forefront of Sustainability.’ Wetex & DSS highlighted the latest global solutions, technologies and innovations ...
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Abu Dhabi / WAM Edge group has announced that it will participate in the Indo Defence Expo and Forum in Jakarta from November 2-5. As one of the world’s top 25 advanced technology groups for defence and beyond, Edge has seized the opportunity of exhibiting at a major international industry event to showcase its products and solutions to the Indonesian ...
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Dubai / WAM DP World Limited handled 59.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in nine months of 2022, with gross container volumes increasing by 2.0% year-on-year on a reported basis and up 2.5% on a like-for-like basis. On a Q3 2022 basis, DP World handled 20.1 million TEU, up 1.5% year-on-year and up ...
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Abu Dhabi / WAM The choice of Italy as the guest of honour at the Sharjah International Book Fair this year is an eloquent reflection of the interest the UAE people have in Italian culture, a top Italian diplomat told the Emirates News Agency (WAM). In an exclusive interview, Lorenzo Fanara, the new ambassador of Italy to the UAE, said ...
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Abu Dhabi / WAM International Holding Company (IHC) is scaling up its information technology businesses, as part of its long-term strategy to grow its capacity in the tech industry across different sectors. Accelerating the growth of its tech businesses portfolio, IHC has increased its technology deals by 100% compared to last year, crossing AED1 billion in the first 10 months. ...
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Abu Dhabi / WAM The Abu Dhabi Commercial Bank PJSC (ADCB) on Monday reported its financial results for the third quarter of 2022 (Q3 2022). Solid earnings growth as UAE economy remains resilient against challenging global backdrop. During Q3 2022 and compared to Q3 2021, the bank recorded a net profit of AED1.591 billion, an increase of 25%, a net ...
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Abu Dhabi / WAM Mubadala Investment Company (Mubadala) and KKR, a leading global investment firm, on Monday signed a strategic partnership that will see the two firms co-investing across performing private credit opportunities in the Asia Pacific (APAC) region. The partnership aims to deploy at least AED3.67 billion ($1 billion) of long-term capital, providing bespoke credit solutions to companies and sponsors. ...
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