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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »UAE, Ireland to stimulate mutual investments in emerging sectors
Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, has highlighted the strong and solid relations shared between the UAE and Ireland with Dara Calleary, Irish Minister of State for Trade Promotion and Digital Transformation. In a meeting with Calleary – during the Irish government trade mission visit to the UAE – Al Marri said that these ...
Read More »Enoc to build world-class storage facility in Tanzania
DAR ES SALAAM / WAM Enoc group and Tanzania’s Ministry of Energy have signed an MoU to build a national import gateway and oil and gas storage facility in Tanzania to serve the country and the Eastern and Central Africa region. The agreement supports the UAE’s 2023 priorities to expand economic partnerships in Africa and its goal of doubling the ...
Read More »Dubai sees 5.5% growth in energy demand in 2022
Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), announced a 5.5% increase in energy demand in Dubai for 2022, reaching 53,180 GWh compared to 50,401 GWh in 2021. The increase reflects the robust performance of Dubai’s economy, population growth, and expansion across all key activities. In line with the vision ...
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