News

Abu Dhabi / GULF TIME Fertiglobe, the strategic partnership between Adnoc and OCI, the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertiliser producer in the Middle East and North Africa (Mena) region, and an early mover in clean ammonia, on Thursday reported that its Q3 2022 revenues increased 52% year-on-year to $1.32 billion, while adjusted ...

Abu Dhabi / WAM AD Ports Group on Thursday announced that it had signed an agreement to acquire an 80% equity stake in Dubai-based Global Feeder Shipping (GFS), a global container shipping company. The total purchase consideration for the 80% stake amounts to AED2.9 billion ($800 million), implying a 100% Enterprise Value of AED3.7 billion ($1.0 billion), with the acquisition ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the Supreme Council Members, Their Highnesses Rulers of the Emirates, along with their grandsons, on Thursday raised the UAE flag nationwide on the occasion of the ‘’UAE Flag Day” marked annually on November 3. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

Abu Dhabi / WAM Abdulla Mohamed Al Mazrui, Chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI), highlighted the importance of the current edition of the Abu Dhabi International Petroleum Exhibition and Conference (Adipec). Al Mazrui said, “This year’s edition of Adipec consolidates the UAE’s leading position in the global energy sector and the country’s significant role in confronting ...

Abu Dhabi / Gulf Time Investors’ and consumers’ attention has recently been focused on companies’ ESG components, making sustainable investing go beyond being just a buzzword. A 2020 survey carried out by HSBC revealed that 41% of regional investors in the Middle East wish to adopt an effective ESG investment policy. A report by PWC, released in May 2022, added ...

Ajman / WAM On UAE Flag Day, His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, stressed that the country’s flag is the symbol of its unity, strength and future. On the occasion, he said, “On this day, we extend our appreciation, gratitude and best wishes to the UAE’s leadership, headed by President His ...

Abu Dhabi / WAM Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV, announced on Thursday that it has entered into a strategic agreement with ADQ, an Abu Dhabi-based investment and holding company, Veolia Middle East (Veolia), and Vision International Investment Company (Vision Invest) to acquire its waste management operations in Al ...

The US condemned what it said was the test-launch of an intercontinental ballistic missile by North Korea on Thursday, as Pyongyang continued a barrage of weapons tests to protest allied military drills. The US urged North Korea to halt further “destabilizing” tests and return to negotiations over its nuclear weapons program, State Department spokesman Ned Price said in a statement. ...

Turkey is unlikely to sign off on Sweden’s bid for Nato membership before the end of the year, and the chances of this happening even before elections due next year are slim, according to officials familiar with the issue. Sweden has not done enough to meet Turkish demands and the Turkish parliament’s agenda is full for the rest of the ...

Bulgarian lawmakers approved the first military aid shipments to Ukraine since Russia invaded its neighbor in February, ending months of resistance from Russia-friendly political parties and the nation’s president. The Balkan country, which has close cultural and economic ties with Russia, was one of only two Nato and European Union members to provide no weaponry to Ukraine so far in ...