News

ABU DHABI / WAM The UAE has launched a new initiative called the ‘Industrialist Programme’, which is designed to build local capacities and increase Emiratisation in the industrial sector. The programme is the result of a memorandum of understanding (MoU) signed between the Ministry of Industry and Advanced Technology (MoIAT), the Ministry of Human Resources and Emiratisation (MoHRE) and the ...

ABU DHABI / WAM Masdar has announced the signing of an agreement with the Ministry of Mining, Petroleum and Energy for the Republic of Côte d’Ivoire to explore the development of a solar power plant with a capacity of up to 70 MW. The agreement was signed in the presence of Tiémoko Meyliet Koné, Vice President of the Republic of ...

ABU DHABI / WAM The UAE on Friday sent an aircraft carrying 14 tonnes of relief aid, including blankets and personal care supplies, and LED bulbs to help the people of Ukraine live through the harsh winter conditions. These supplies are part of the UAE’s ongoing humanitarian assistance aimed at alleviating the suffering of the Ukrainian people amid the crisis. ...

ABU DHABI / GULF TIME International Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate, announced on Friday its audited financial results for the full year of 2022 resulting a AED 32.6 billion net profit, the company’s best profit record to date. The fourth quarter of 2022 saw a significant increase in net profit reaching AED 8.3 billion compared to ...

NEW YORK / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 UAE President-Designate, and Michael R Bloomberg, UN Secretary-General’s Special Envoy on Climate Ambition and Solutions and founder of Bloomberg L and Bloomberg Philanthropies, announced a new partnership to bolster meaningful climate action from cities, businesses, financial institutions, and civil society ahead of ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) is showcasing the vital role that “Net Zero Nuclear Energy” is playing in tackling climate change and rapidly decarbonising the power sector in the UAE, at CERAWeek, the world’s premier energy conference in Houston, US. With more than 7,600 delegates this year, CERAWeek is highlighting how electrification is a key ...

ABU DHABI / WAM etisalat by e& UAE has announced sending telecommunication equipment worth AED20 million as a humanitarian support to reconstruct Türkiye’s telecommunication infrastructure in earthquake-affected areas. This is a continuation of a previous initiative launched by the e& group, which affirms its keenness to participate in the “Gallant Knight / 2” campaign, initiated by President His Highness Sheikh ...

ABU DHABI / WAM The Abu Dhabi Arabic Language Centre (ALC), a part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has launched an initiative to establish “Reading Corners” at several cultural institutions across the UAE capital. The initiative was launched to mark the “National Reading Month” and aims to promote a culture of reading ...

DUBAI / WAM The 19th edition of the Dubai International Wood and Woodworking Machinery Exhibition concluded, with 412 exhibiting companies from 42 countries, including the US, Russia, China, India, Portugal, France, Turkey, Panama, Jordan, Egypt, Saudi Arabia, and the UAE in attendance. The founders and top executives of participating companies emphasised the distinguished position of the Dubai WoodShow and its ...

ABU DHABI / WAM Agthia Group has emphasised on its strategy to acquire and consolidate value accretive businesses while leveraging synergies and maintaining a profitable core. This came as the group announced results for the fiscal year ending on December 31 in a statement recently. According to the statement, the group’s gross profit increased 21% year-on-year to AED1.2 billion, with ...