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SHARJAH / WAM Dana Gas on Sunday announced its financial results for the first quarter ended March 31. Net profit was up by 41 percent in Q1 2021 reaching $24 million (AED88 million) as compared to $17 million (AED62 million) in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan ...

ABU DHABI / WAM The UAE State Audit Institution (SAI) and the United Nations Office on Drugs and Crime (UNODC) have signed an agreement concerning the implementation of the “Abu Dhabi Declaration” issued by the eighth session of the Conference of the States Parties to the United Nations Convention against Corruption held in Abu Dhabi in December 2019. The agreement ...

KINSHASA / WAM DP World, a leading global provider of end-to-end logistics solutions, is set to start the development of the deep sea port at Banana, following agreement on amendments to the initial contract between the company and the Government of the Democratic Republic of the Congo. A term sheet summarizing the amendments to the contract, which was signed in ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Sunday that it has received three prestigious ISO certifications in the fields of data quality management, health informatics and data analysis. The ministry’s Statistics and Research Centre was awarded certificates after meeting the requirements of the three ISO standards, and passing comprehensive audits conducted by a specialised ...

Bloomberg The UK’s National Health Service (NHS) is facing a fresh crisis when the pandemic recedes, with 4.7 million people stuck waiting for care, and will require significant spending and reform to survive, the government will say this week. Prime Minister Boris Johnson will vow to tackle the unprecedented backlog — which officials say is likely to get worse as ...

Bloomberg France’s junior minister for European affairs threatened the UK on financial services if Britain failed to grant licenses to French fishermen. Clement Beane said France would retaliate in sectors like banking in the European Union to which the UK wants access, according to an interview published on Sunday in the Journal du Dimanche. French fishermen are still owed 40 ...

Bloomberg The world’s most powerful economies agreed to back plans for so-called vaccine passports in a bid to pull the travel and tourism industry out of a pandemic-fuelled slump. Tourism ministers from the Group of 20 threw their weight behind the new certificates, stressing that a resumption of normal activity for the sector is crucial to global economic recovery, according ...

Bloomberg The US job market is suffering from growing pains as the economy rapidly reopens. While economists are optimistic about future growth, employers are facing hiring challenges as well as supply chain disruptions and higher costs. The jobs report from the Labour Department showed the US added 266,000 jobs in April, far short of the 1 million gain economists had ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced that the UAE’s Ramadan campaign has secured 216 million meals, more than double its target, for vulnerable groups in 30 countries across four continents. ‘100 Million Meals’ campaign, the region’s biggest food distribution drive, concluded on ...

Bloomberg The European Union (EU) and India are set to resume long-stalled talks on a free trade deal in an effort to strengthen their economic cooperation in the face of an increasingly assertive China. EU leaders will hold a virtual summit with Indian Prime Minister Narendra Modi to launch a fresh round of negotiations that aim to reboot relations and ...