News

Alpha Dhabi records AED11.1 billion net profit in 9 months

ABU DHABI / WAM Alpha Dhabi Holding has announced a group net profit of AED11.1 billion for the nine-month period ending 30th September 2024. Operating net profit of AED7.5 billion represents an 83% increase from the same period last year and highlights the pace of activities which Alpha Dhabi has embarked upon across key business areas. Strong set of financial ...

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Dubai South, Indu Kishore Logistics break ground on logistics facility

DUBAI / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and INDU Kishore Logistics, broke ground on a new facility that will be built at Dubai South’s Logistics District. This development marks a significant milestone in the company’s expansion plan, supporting its ambition to evolve into a multi-industry logistics leader. The groundbreaking ceremony ...

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UAE dispatches twelve additional trucks carrying aid to Gaza

ABU DHABI / WAM The United Arab Emirates announced the successful entry of twelve trucks carrying aid to the brotherly Palestinians in the Gaza Strip, via Erez Crossing (northern Gaza) and Karam Abu Salem crossing (southern Gaza), in cooperation with the American Near East Refugee Aid (Anera). The new shipment – one of the first to enter the Gaza Strip ...

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UAE economic growth to lead region in 2025, says IMF

DUBAI/ WAM Dr Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), affirmed that the UAE economic growth is projected to lead Gulf Cooperation Council (GCC) countries in 2025, primarily driven by the non-oil sector. In statements to Emirates News Agency (WAM) on the sidelines of a conference organised by the Dubai ...

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UAE appointed member of Commission on Safety Standards of IAEA

ABU DHABI / WAM The International Atomic Energy Agency (IAEA) has recently appointed the United Arab Emirates as a member to the Eighth Term of its Commission on the Safety Standards (CSS). Sara Al Saadi, Director of Nuclear Safety Department at the Federal Authority for Nuclear Regulation (FANR), the UAE’s nuclear regulator, will represent the country in the committee. Comprising ...

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Under the patronage of UAE President, Sheikh Zayed Festival commences today

ABU DHABI/ WAM Under the patronage of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, with follow-up by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and supervision by Sheikh Sultan bin Hamdan Al Nahyan, Adviser to the UAE President and Chairman of Sheikh Zayed Festival’s Higher ...

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Sharjah National Oil Corporation to showcase innovations at Adipec 2024

SHARJAH / WAM The Sharjah National Oil Corporation (SNOC) is participating in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2024, which will be held from November 4 to 7 at the Abu Dhabi National Exhibition Centre (ADNEC). This event is considered one of the most influential events in the energy sector globally. This year’s conference will explore the ...

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Alef Education posts revenues of AED551mn by September

ABU DHABI / WAM  Alef Education Holding has announced its financial results for the period ending on September 30 2024. It marks Alef Education’s second set of results since its successful IPO in June 2024. Alef Education reported an 8 percent increase in adjusted profit before tax to AED379 million, driven by a solid revenue foundation from long-term contracts and ...

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