Local News

Dubai  / WAM    Tecom group PJSC  the creator of specialised business districts and vibrant communities, on Wednesday announced its financial results for the third quarter of 2022 and first nine months ending September 30. The group’s revenue stood at AED490 million, increasing 12.48% year-on-year (y-o-y) driven by rising occupancy levels across the portfolio, especially office, warehouse, and worker accommodation. Ebitda ...

Abu Dhabi / WAM  First Abu Dhabi Bank (FAB) on Wednesday announced that the group’s net profit amounted to AED10.9 billion in the first nine months of 2022, an increase of 19% compared to the same period last year with annualised earnings per share at AED1.29. In a statement on Wednesday, the bank said that the total income reached AED18 ...

Dubai / WAM  His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the UAE and Egypt will begin another 50 years of solid and deep-rooted relations and joint efforts, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Abdel Fattah El-Sisi, President of ...

Abu Dhabi / WAM The Federal Tax Authority (FTA) has announced it will be discontinuing the use of the e-Dirham system in paying taxes as of next Sunday, October 30, replacing it with Magnati, the smart payment option from First Abu Dhabi Bank (FAB). Magnati provides advanced software solutions for online payments, using next-generation advanced technologies to provide a seamless ...

Sharjah / WAM The Sharjah National Day Celebrations Committee on Wednesday announced its activities’ agenda for celebrating the UAE’s 51st National Day. Events will take place across Sharjah’s cities and key tourist and cultural destinations from November 24 to December 3, shedding light on the country’s achievements, history, and heritage for a whole month. Heading towards its centenary after celebrating ...

Abu Dhabi / WAM Miral on Wednesday unveiled its new visual identity and first brand campaign, signifying a new chapter of growth. It also announced its portfolio of projects under construction worth over AED13 billion ($3.54 billion) on Yas Island and across the emirate, with three new projects coming soon. The new visual identity was revealed at an internal event, ...

Abu Dhabi / WAM  HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, discussed during a phone call with James Cleverly, UK’s Secretary of State for Foreign, Commonwealth and Development Affairs, the friendship relations, bilateral relations and ways to enhance them for the mutual interest of both friendly countries. The two sides reviewed the latest ...

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 ...

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 ...

Dubai / WAM  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. ...