News

ABU DHABI / WAM National Marine Dredging Group has announced a significant surge in its net profit during the first half of 2023, reaching AED 881 million. This remarkable achievement reflects the success of the group’s geographic expansion strategy and the successful execution of major projects. The first half year results demonstrate record-breaking numbers and substantial growth in both revenue ...

MADRID / WAM Masdar has signed a strategic agreement with Iberdrola, a global clean energy leader, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake in the asset, which will help to accelerate green energy security in Europe. According to the deal terms, Baltic Eagle wind ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Ibrahim Mohamed Solih, President of the Maldives, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh ...

ABU DHABI / WAM The Telecommunications and Digital Government Regulatory Authority (TDRA) announced that 9.1 million people visited the UAE’s Government Unified Digital Platform “U.AE” from the beginning of 2023 until the end of June, reaching 14 million visits. The semi-annual increase in the average number of pages viewed was 3.52 percent, compared to the same period last year, reflecting ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No (55) of 2023 on the Board of Directors of the Knowledge Fund Establishment. Ahmad Abdul Kareem Julfar will chair the Board while Mohammed Abdullah Al Shaibani will serve as the Vice ...

DUBAI / WAM Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has launched the Global Expansion Series to help local businesses grow internationally. Designed to support the objectives of the Dubai Global initiative, the events will create a dedicated support channel for business matching, provide timely intelligence on market opportunities and accessibility, and assist companies in ...

ABU DHABI / WAM Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global, to support the development of Abu Dhabi Global Market (ADGM), on Wednesday announced its partnership with AP Moller Capital P/S, a value-add infrastructure fund manager focused on high growth markets, and part of the AP Moller Group. This new investment in ...

DUBAI / WAM DP World’s flagship, Jebel Ali Port welcomed Hapag-Lloyd’s Berlin Express ultra-large dual-fuel container ship on its maiden voyage, reinforcing its commitment to innovation and sustainability in the shipping industry. The Berlin Express is a state-of-the-art vessel with a capacity of 23,600 TEU. It is the first of 12 dual-fuel vessels ordered by the shipping line which will ...

ABU DHABI / WAM etisalat by e& on Wednesday launched its new tailored business solutions for startup and micro businesses. The innovative solutions have been specifically designed to provide comprehensive services and support for small businesses based on their unique requirements. The packages offer solutions that meet the specific needs of various business categories, with customers having the flexibility to ...

GOA-INDIA / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, concluded a three-day visit to Goa, India, where he participated in multiple high-level events that aimed to drive the global energy transition agenda in line with the objectives of the Paris Agreement. The visit was part of the UAE’s collaborative approach to tackling global challenges and driving ...