News

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) reported a net income of AED2.9 billion for the period ended 30th June, 2021, an increase of AED2.4 billion, with a significantly higher contribution from the Oil and Gas segment and the fact that Q1 2020 was reduced by an AED1.5 billion post-tax impairment charge. Taqa, a diversified utilities and ...

ABU DHABI / WAM Abu Dhabi Health Services Company, (Seha), the UAE’s largest healthcare network, has announced its operational hours during the Islamic new year holiday, observed on August 12. Seha announced the Seha Covid-19 drive-through service centres in Abu Dhabi, Al Ain and the Northern Emirates will operate on Thursday, from 10:00 to 20:00. The SEHA Covid-19 Vaccination centres ...

NEW YORK/ ABU DHABI / WAM Mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala), on Wednesday announced a significant investment into its Private Equity business led by BlackRock’s Secondaries and Liquidity Solutions group (BlackRock) and a consortium of global institutional investors. The BlackRock-led consortium’s investment was made into a portfolio of assets currently managed by Mubadala Capital, ...

DUBAI / WAM The Ministry of Energy and Infrastructure discussed, with a South Korean delegation, ways of strengthening their cooperation in the areas of hydrogen, water desalination, infrastructure development and public transport systems, in line with Dubai’s smart city plans and efforts to exchange expertise and develop innovative energy and transport solutions. The discussion took place during a meeting between ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, has reclaimed 90 percent of its pre-Covid destinations and recorded a 20 percent increase in tonnage compared to the same period in 2019, according to company’s press release. The award-winning UAE carrier currently services 72 network destinations across the Middle East, Asia, Europe, ...

DUBAI / WAM Dubai Customs has announced that the volume of external trade with India reached AED 67 billion in the first half of 2021 alone, across gold, jewellery, diamonds, vehicles, telecoms, and petroleum oils, compared to AED 89 billion in 2020. “This reflects the weight and significance of Dubai as a global hub for trade and tourism relying on ...

NEW YORK / WAM The UAE underlined its commitment to regional and international efforts to address threats to maritime navigation, the marine environment, and global trade. The UAE submitted a written statement to the United Nations Security Council for its high-level open debate on maritime security, chaired by Indian Prime Minister Narendra Modi. In light of recent threats to maritime ...

Dubai / Emirates Business Blue Ocean Academy is the first organisation in the UAE from the corporate training services industry to win the iconic Superbrands 2021 status, reinforcing its position as the leading name in knowledge empowerment solutions in the Mena region. The distinction by Superbrands, a global independent authority and arbiter of branding was bestowed upon Blue Ocean Academy ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, has reclaimed 90 percent of its pre-Covid destinations and recorded a 20 percent increase in tonnage compared to the same period in 2019, according to the company’s press release on Wednesday. The award-winning UAE carrier currently services 72 network destinations across the Middle ...

ABU DHABI / Emirates Business The National Takaful Company (Watania) on Wednesday announced financial results for the first half of 2021 that ended June 30, 2021, reporting a net profit of AED 7.0 million and annualised ROE of 13.5% for H1 2021. “A recent S&P report has noted that very high competition in the overcrowded GCC insurance industry will continue ...