News

ABU DHABI / WAM Adnoc Gas stocks increased their gains and capital profits to more than AED33.8 billion on the first day of trading after the company’s initial public offering (IPO) at the Abu Dhabi Securities Exchange (ADX). The company’s market capital rose from AED181.9 billion to AED215.6 billion by the end of Monday’s trading session, closing at AED2.81 per ...

LATAKIA / WAM The UAE’s “Bridges of Goodness” relief campaign launched on Monday in Latakia, Syria, in support for the quake victims as part of the Operation “The Gallant Knight 2”. The campaign is organised by the Emirates Red Crescent (ERC) in collaboration with the Syrian Arab Red Crescent (SARC). Engineer Amer Ismael Hilal, Governor of Latakia, along with a ...

ABU DHABI / WAM Artificial Intelligence (AI) is crucial for the UAE in its ambitious efforts to tackle climate change, according to a senior Emirati official who graduated an AI programme from the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI). “Artificial Intelligence (AI) is set to play a fundamental role in the UAE’s transition to a green economy and ...

DUBAI / WAM Dubai World Trade Centre (DWTC) has announced 2022 annual results with strong performances across its businesses, hosting 1.98 million delegates with a robust visitation growth of 29%. The results were driven by 244 MICE (Meetings, Incentives, Conferences, and Exhibitions), business and consumer events. Of these, 97 exhibitions and conferences attracted 1.18 million attendees of which 38% were ...

SHARJAH / WAM Arada has introduced home sales for the first time in Sharjah with the launch of Sarai, the fifth phase at its woodland megaproject Masaar. With prices starting from AED20 million, the inclusion of a limited selection of 36 mansions in this phase of the fast-selling development comes amidst growing demand for ultra-luxury properties both in Sharjah and ...

SHARJAH / GULF TIME Jawhara Jewellery, the premier Emirati brand, is proud to announce its participation in the 51st edition of the Watch & Jewellery Middle East (WJME) Show. The event, held at the Sharjah Expo Center from March 8-12, hosted 500 exhibitors from 20 countries worldwide, showcasing the most stunning collections of Jewellery, watches, and gold artifacts. Mohammed Tamjid ...

DHAHRAN / WAM The Saudi Arabian Oil Company (Aramco or the company) on Sunday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth quarter dividend of $19.5 billion, to be paid in the first quarter of 2023. The results were underpinned ...

ABU DHABI / WAM In line with its new strategy and as part of its role as a Networker, the Abu Dhabi Chamber of Commerce and Industry (ADCCI), in cooperation with the National Marine Dredging group (NMDC group), is set to organise the “Let’s Grow Together” event, which will take place on March 16 at the chamber’s building, to bolster ...

DUBAI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, reaffirmed that the UAE will continue to forge ahead to ensure all sectors, particularly the energy sector, reach new heights through collaboration and a steadfast commitment to excellence and leadership. The minister made his comment during a session titled ‘Charting the Future of the UAE’s Energy Sector’, ...

DUBAI / WAM The Roads and Transport Authority (RTA) has awarded the first contract under Phase 4 of Al Shindagha Corridor Improvement Project, which aims to keep pace with the continuous development of the locality while catering to the demands of urban expansion and population growth. The project is being carried out in response to the directives of His Highness ...