News

ABU DHABI / WAM Borouge announced its financial results for the three-month period ending on March 31, with revenues of $1.38 billion and adjusted EBITDA of $460 million. The company’s value enhancement programme has already delivered a significant impact of more than $100 million in efficiencies and revenue optimisation. Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, commented, “We ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a letter to Macky Sall, President of the Republic of Senegal, which included an official invitation to COP28, which will be held in Dubai Expo City this November. The message was delivered by Sultan Ali Al Harbi, UAE ambassador to the Republic of Senegal, ...

APIA / SAMOA/ WAM Abdullah Ali Ateeq Al Sabousi, UAE ambassador to Australia, presented his credentials as Non-Resident ambassador to Samoa to Afioga Tuimalealiifano Vaaletoa Sualauvi II, President of the Independent State of Samoa, during an official reception ceremony at the Presidential House in the capital, Apia. During the meeting, Al Sabousi conveyed to the President of Samoa the greetings ...

ABU DHABI / WAM Sheikh Khalifa bin Tahnoun Al Nahyan, Executive Director of the Martyrs’ Families’ Affairs Office, on Thursday received at Wahat Al Karama, New Zealand’s Minister of Defence Andrew Little, who is currently on an official visit to the UAE. Upon his arrival, Sheikh Khalifa bin Tahnoun and Andrew attended the Guard of Honour ceremony, before laying a wreath at Martyrs’ ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of Adnoc, announced on Thursday the successful berthing of LNG carrier, Ish, at the AG&P Philippines LNG (PHLNG) Import Terminal in Batangas Bay, as it continues expanding its operations globally. Following her arrival, Ish will be commissioned as a Floating Storage Unit (FSU) at ...

ABU DHABI / WAM Abu Dhabi Airports, the owner and operator of five airports in the emirate of Abu Dhabi, welcomed the first SF Express cargo plane to Abu Dhabi International Airport. The inaugural flight signalled the launch of operations for the global freight leader for the first time in the region. This strategic partnership is in collaboration with Etihad ...

DUBAI / WAM Emirates NBD’s profit more than doubles to a record AED 6 billion in the first quarter of 2023, demonstrating the success of the group’s diversified business model and a healthy regional economy. This is also a record quarter for income which exceeds AED10 billion for the first time ever. The exceptional increase in profit reflects higher margins, ...

SHARJAH / WAM Shareholders of Dana Gas on Thursday approved the Board of Directors’ recommendation at the company’s Annual General Assembly to distribute a further 4.5 fils per share cash dividend for the second half of the financial year ended on December 31, 2022. Shareholders holding the shares as of May 4 will be eligible to receive the interim dividend. ...

NICOSIA / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, was received by Nikos Christodoulides, President of Cyprus, during his visit to Nicosia. At the meeting, HH Sheikh Abdullah conveyed the greetings and best wishes of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Christodoulides, and congratulated him on ...

BUENOS AIRES / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has extended an invitation to Alberto Fernández, President of the Argentine Republic, to attend COP28, which will be held in Expo City Dubai in November. Saeed Abdullah Al Qamzi, UAE ambassador to the Argentine Republic, delivered the invitation to Santiago Cafiero, Minister of Foreign Affairs, International ...