News

  ABU DHABI / WAM Shamma bint Suhail Al Mazrouei, Minister of State for Youth Affairs and Vice President of the Arab Youth Centre (AYC), said the UAE believes in the youth and is enhancing its leading stature as a destination for life and work for young people. In her statement on World Youth Day, she stressed that in the ...

  Abu Dhabi / WAM A new generation of the Emirati passports will be issued from September 1, the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP), announced. It represents a new technological leap in line with the directions of the wise leadership to consolidate the movement towards the smart government to maximise the civilised status of the ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Thursday discussed with British Prime Minister Boris Johnson bilateral relations and ways to enhance them in various domains. During a phone call, President His Highness Sheikh Mohamed bin Zayed and Johnson also tackled a number of regional and global issues of mutual interest. They also ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Thursday reported its second quarter 2022 financial results, recording quarterly revenue of AED7.01 billion and a net profit of AED2.61 billion. For the first half 2022, Dewa’s revenue is AED12.08 billion, and net profit is AED3.30 billion. Dewa’s first half revenue increase of 15% to AED12.08 billion was mainly ...

  DUBAI / WAM Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company “Muqassa”, a subsidiary of Saudi’s Tadawul group, signed a memorandum of cooperation, creating a broad framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line with ...

  Abu Dhabi / WAM International Holding Company (IHC) on Thursday announced the acquisition of a 50% stake in Turkish clean energy market leader “Kalyon Enerji” for AED1.8 billion through its subsidiary International Energy Holding. Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the Construction, Energy and Aviation industries. In this transaction, IHC’s subsidiary, ...

  Dubai / WAM Aramex on Thursday announced its financial results for the first half ending June 30. The company reported revenues of AED2.97 billion, while the net profit stood at AED91.9 million. On a group level, GP margins remained stable over both Q2 and six-month periods, driven by accelerated growth in the Logistics and freight-forwarding business and efficiencies in ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday a $1.17 billion (AED4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day (mmbpd) by 2030. The five-year contract was awarded by Adnoc Offshore ...

  Sharjah / WAM Dana Gas on Thursday announced its financial results for the half year ended 30th June 2022. The company generated a net profit of AED407 million or 5.8 fils per share, an 82% increase compared to an adjusted net profit (excluding reversal of impairment) of AED225 million in H1 2021. The gains in Dana Gas’s profitability in ...

  Abu Dhabi / WAM A new generation of the Emirati passports will be issued from September 1, the Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP), announced. It represents a new technological leap in line with the directions of the wise leadership to consolidate the movement towards the smart government to maximise the civilised status of the ...