News

Bloomberg Ferrari NV largely met expectations with its last set of earnings before the supercar maker installs a new chief executive from outside the auto industry as it goes through a period of dramatic upheaval. Adjusted earnings before interest, taxes, depreciation and amortisation rose to 386 million euros ($459 million) during the second quarter, Ferrari said, compared with an average ...

ABU DHABI / emirates Business The Emirati company “G20” signed a strategic partnership agreement with the American company PharmXGen, so that “G20” will be the exclusive agent to supply and distribute in the Middle East and North Africa the newest Rapid Antigen tests in the world. The agreement was signed by His Excellency Dr Mubarak Hamad Marzouq Al Ameri, Chairman ...

Bloomberg Oil posted its fourth straight monthly gain as steady demand and tight supplies calmed concerns that a new wave of Covid-19 infections would cripple energy consumption. Futures in New York ended the week 2.6% higher. While cases of the virus’s delta variant have surged in recent weeks, mobility and other data point to strong demand in key economies that ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decision No (26) of 2021 on the Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) and Decision No (27) of 2021 on the Board of Trustees of the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity ...

VIENNA / WAM UAE Ambassador to Austria Ibrahim Salim Al Musharrakh has praised the distinguished UAE-Austria economic and trade relations, especially in tourism and aviation sectors. The ambassador’s remarks came on the occasion of the arrival of the first Etihad Airways flight to the Austrian capital Vienna and Fly Dubai flight to Salzburg Airport, the second largest airport in Austria. ...

ABU DHABI / WAM Emirates Global Aluminium, the largest industrial company in the UAE outside the oil and gas sector, on Sunday signed an agreement with Gulf Extrusions, which is owned by the Al Ghurair Group, on the innovative reuse of industrial by-products derived from production operations, as an alternative to using raw materials. The agreement adds to the efforts ...

RAS AL KHAIMAH / WAM RAK Properties, one of the UAE’s leading property development and tourism infrastructure companies, has announced its financial results for the first half of 2021. RAK Properties continued its strong performance, with profits increasing during the first half of this year by 348 percent, reaching AED119.8 million, compared to AED26.7 million in the first half of ...

DUBAI / WAM Union Coop, the largest consumer cooperative in the UAE, has opened its 23rd branch in the Jumeirah 1st area at a cost of AED 42 million. A part of its expansion plans, the new branch is set to be an exceptional family destination for residents and visitors of Jumeirah and the surrounding areas. Also, a promotional campaign ...

ABU DHABI / WAM Adnoc Logistics and Services (Adnoc L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and Adnoc’s goal to maximise value from every barrel of oil it produces, processes, ships and ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decision No (26) of 2021 on the Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) and Decision No. (27) of 2021 on the Board of Trustees of the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity ...