News

NMDC Group reports 112% surge in Q1 2024 net profits

ABU DHABI / WAM NMDC Group has announced its financial results for the first quarter of 2024 (Q1 2024), reporting a 67% growth in revenues and a 112% surge in net profits compared to the same period last year. In addition, NMDC Group announced the launch of new projects and the commencement of strategic initiatives, highlighting the company’s competitive standing ...

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‘PrecisionMed Exhibition and Summit’ to kick off on May 8

DUBAI / WAM The PrecisionMed Exhibition & Summit (PMES) returns to the UAE for its third edition between 8th to 9th May at the Dubai World Trade Centre. The event is supported by the Ministry of Health and Prevention (MoHAP), the Department of Health – Abu Dhabi (DoH), and the Dubai Health Authority (DHA). Promising an influential line-up of events, ...

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UAE, Austria witness increasing mutual investments

VIENNA / WAM The latest economic figures confirm that UAE-Austrian relations have reached distinguished levels, as Emirati exports to Austria, including crude oil, aluminium products, machinery, and electrical appliances, increased by 20.6 percent in 2023, totalling €235.9 million in value. In the same year, Austrian exports to the UAE, including machinery, mechanical appliances, boilers, and measuring devices, increased by 23.5 ...

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UAE President receives condolences from Rulers of Sharjah, Umm Al Qaiwain, Representative of Sultan of Oman on passing of Sheikh Tahnoun bin Mohammed

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received condolences on the death of Sheikh Tahnoun bin Mohammed Al Nahyan from H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah; H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain; and H.H. ...

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Rakez enhances UAE-India economic cooperation

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) showcased the strategic advantages of investing in Ras Al Khaimah during a recent business event in Jaipur, India. Experts from Rakez, accompanied by representatives from various entities in Ras Al Khaimah, participated in business roundtables and other discussions at the event organised by the UAE-India CEPA Council, in partnership ...

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Dubai International Chamber gears up to lead trade mission to Indonesia, Vietnam

DUBAI / WAM Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, is embarking on a trade mission to Southeast Asia from May 5 to 10. The chamber will lead a delegation of local companies to Indonesia and Vietnam as part of the ‘New Horizons’ initiative, which supports the expansion of Dubai-based businesses into ...

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