News

ABU DHABI / WAM  International Holding Company (IHC) on Friday announced its financial results for the first quarter of 2023. IHC recorded a group net profit of AED4.3 billion, representing a 20.5% increase compared to Q1 2022, with a net profit margin of 27.1%, demonstrating the continued momentum in executing its strategy and commitment to generating higher shareholder value. IHC ...

ABU DHABI / WAM   The Abu Dhabi Investment Office (Adio), in collaboration with the Department of Municipalities and Transport (DMT), on Friday announced that Phase 2 of the emirate’s energy-efficient Road Lighting LED public-private partnership (PPP) project had reached financial close. Nojoom, a 50-50 joint venture between EDF and Engie, was selected to deliver this key infrastructure project in the ...

DUBAI / WAM Taking a step forward in its drive to offer customers the convenience and assurance of digitally enabled travel journeys, Emirates will require most passengers departing Dubai to use a mobile boarding pass instead of a printed paper version, from May 15 onwards. Passengers checking in at Terminal 3 will receive their mobile boarding pass via email or ...

DUBAI / WAM The UAE has topped several global labour market indices issued by international entities and institutions in a new accomplishment that reflects UAE’s pioneering global model for development. The UAE ranked first globally in the Talent Attractiveness Index as per the Global Prosperity Index 2023, issued by the UK’s Legatum Institute. The UAE also led the world across ...

MUSCAT / WAM Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, has led a high-level UAE delegation at a series of meetings attended by GCC ministers of industry and trade. The GCC Industrial Cooperation Committee and GCC Ministerial Committee for Standardisation meetings, held in Muscat, intended to strengthen industrial ties within the GCC and support regional sustainable economic ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has issued Executive Council Resolution No. (2) of 2023 on the formation of the new Board of Governors of the Hamdan Bin Mohammed Smart University. The new Board of Governors will be chaired by Mattar ...

DUBAI / WAM HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman; and HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, have offered their condolences on the death of Sheikha Moza bint Zayed bin Saqr Al Nahyan. During their visit to the mourning majlis in Dubai, HH Sheikh Humaid and HH Sheikh ...

ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, on Friday chaired the first meeting of the Executive Council at the Abu Dhabi Crown Prince Court. During the meeting, His Highness was briefed on a number of government plans and projects, as ...

PARIS / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan On Thursday met with French President Emmanuel Macron in Paris. The two leaders reviewed the longstanding strategic partnership between the UAE and France and explored opportunities to expand collaboration across various sectors. During the meeting, which took place at the Élysée Palace, the French President welcomed the ...

ABU DHABI / WAM Dr Kathryn Huff, Assistant Secretary for Nuclear Energy at the US Department of Energy, visited the Barakah Nuclear Energy Plant in the Al Dhafra region of the emirate of Abu Dhabi. Dr Huff visited the plant to see the operations teams generating clean electricity around the clock, ensuring energy security and grid stability for the UAE, ...