News

  Bloomberg Oracle Corp cut jobs in marketing and the US customer experience division, signalling a pullback in customer analytics and advertising services. Some workers were told that their positions had been eliminated. Junior sales employees as well as a division sales director were among those let go, according to one former worker who lost their job and asked not ...

Abu Dhabi / Gulf Time Arkal Engineering Consultants and Interior Design, the leading company in the field of engineering design and decoration, has won more than 33 prestigious local awards during its career. For his part, Zayed Al-Khulaifi, General Manager of Arkal Engineering Consultants and Interior Design, said, “With the provision of high levels of quality, architectural and construction services ...

  ABU DHABI / WAM Fertiglobe, the strategic partnership between Adnoc and OCI, on Tuesday reported that its Q2 2022 revenues increased 105% to AED 5.40 billion ($1,471 million), while adjusted Ebitda grew 155% to $770 million compared to Q2 2021. Free cash flow increased to $789 million in Q2 2022 from $328 million in Q2 2021, supporting a first-half ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has made a phone call to the President of Sri Lanka, Ranil Wickremesinghe, congratulating him on his election as the country’s new president. His Highness Sheikh Mohamed bin Zayed also wished him success in leading Sri Lanka towards stability and peace and overcoming the circumstances it ...

  Abu Dhabi / WAM Emirates Steel Arkan on Tuesday announced its second-quarter results, reporting a net profit of AED207 million in the second quarter compared to a pre-merger loss of AED24 million in the same period of last year and a 184% gain from AED73 million in Q1, driven by higher sales volumes and prices, enhanced operational efficiencies, and ...

  ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, announced on Tuesday that it has achieved financial close for its 230-megawatt (MW) Garadagh Solar Photovoltaic (PV) Plant in Azerbaijan – the nation’s first foreign investment-based independent solar power project, and Masdar’s first project in country. The project is co-financed by Abu Dhabi Fund for Development, ...

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE) and Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, signed a memorandum of understanding (MoU) to set up a scheme to offer finance solutions to modern agricultural SMEs and start-ups in a bid to contribute to the UAE’s sustainable ...

  Abu Dhabi / WAM Ghitha Holding, a subsidiary of International Holding Company (IHC), announced its second quarter results for 2022 with a profit of AED80.65 million, surging by more than 471% for same period last year. Ghitha reported record-breaking numbers, led by its revenue reaching AED576 million, which shows immense growth of 276%, soaring up from AED153 million in ...

  ABU DHABI / WAM The United Arab Emirates (UAE) is continuing to maintain its regional and international leadership as a distinguished travel destination and a preferred country for living and working. Due to the directives of its leadership, the country witnessed progress in terms of outcomes and indicators, which confirmed its recovery from the Covid-19 pandemic. The country has strengthened ...

  Dubai / WAM The launch of Dubai’s Metaverse Strategy by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, positions the city as a global pioneer offering the world’s most advanced and connected ecosystem where the metaverse community can thrive in a dynamic and enabling environment. The move consolidates ...