News

  Dubai / WAM Dubai Investments, the leading, diversified investment company listed on the Dubai Financial Market (DFM), has reported a 20.5 percent rise in net profits to AED364 million for the six-month period ended June 30, as compared to AED302 million during the corresponding period of 2021. The growth in the profit by AED62.01 million is mainly driven by ...

  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 ...

  DUBAI / WAM Dubai Future Foundation will host the world’s largest gathering of futurists in Dubai this year to anticipate what humanity’s future might look like across key areas – from the climate crisis to the continuous progress of artificial intelligence. Between October 10-12, 400 of the world’s leading futurists, experts and innovators will convene at the Museum of ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Guillermo Lasso of Ecuador on the occasion of his country’s Independence Day, marked annually on August 10. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent ...

  Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) has reported its financial results for the six-month period ended June 30, recording a net profit of AED186.9 million. Commenting on Adnic’s performance, Sheikh Mohamed bin Saif Al-Nahyan, Chairman of Adnic, said, “Adnic continued to deliver steady performance in the face of challenging global economic conditions. As we move ...

  DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, and UK Export Finance (UKEF) announced that they have jointly supported a major project in the Republic of Senegal to strengthen its national emergency response infrastructure. This national emergency response project, called the Redco Project Senegal, will see the supply and building up of emergency services ...

  ABU DHABI / WAM Etihad Airways is set to strengthen air connectivity between the UAE and the Philippines this winter with an additional daily service to Manila. A second daily flight will be established on October 30, providing guests with a total 14 flights per week between Abu Dhabi and the Filipino capital. Both daily frequencies will be operated ...

  Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), has directed providing urgent humanitarian aid and support to those affected by floods in Balochistan province of Pakistan. The ERC began the implementation of the first phase of the relief programme immediately to ...

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated financial results for the period ended June 30. The company reported a net income (Taqa-share) of AED4.3 billion, 50% higher than the prior year, with a greater contribution from the oil & gas segment. Taqa delivered a strong performance underpinned by its stable contracted and regulated utilities ...

  New York / WAM During a United Nations Security Council meeting on threats to international peace and security caused by terrorist acts, the United Arab Emirates called for the international community to redouble its efforts to eliminate all terrorist groups, particularly Da’esh and its affiliates. “Despite gains made in the elimination of Da’esh leadership, the transnational threat that the ...