News

Domino’s pizza delivery woes drag down Papa John’s shares

  Bloomberg Domino’s Pizza Inc tumbled the most in more than a decade as delivery woes and softening demand caused fourth-quarter sales to fall short of Wall Street expectations and led management to cut targets for revenue growth. Shares of the pizza chain fell 12%, the steepest slide since 2010, while Papa John’s International Inc, which also reported soft North ...

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Sheikh Hamdan orders AED20m for Ramadan programs in Syria

  Abu Dhabi / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), ordered the provision of AED20 million to implement the Ramadan programmes in Syria. He also instructed the ERC to offer the best services to Syrians and provide for their needs during the Holy Month ...

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UAE leaders wish Sultan of Brunei on National Day

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has congratulated Sultan Hassanal Bolkiah MuÊ¿izzaddin of Brunei on the occasion of his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, dispatched a similar message to the Sultan of Brunei on the ...

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Idex, Navdex announce AED2.7b deals on day-4

  Abu Dhabi / WAM Tawazun Council signed 10 deals, worth AED2.7 billion, with local and international companies on behalf of the Ministry of Defence on the fourth day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2023. This makes the cumulative value of the deals Tawazun Council signed on behalf of the Ministry of Defence ...

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UAE, Spain explore investment opportunities in key industries

Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, held a meeting with Xiana Mendez, Secretary of State for Trade at the Spanish Ministry of Industry, Trade and Tourism, and discussed strengthening the trade and economic cooperation. Emphasising the deep historic relations between the UAE and Spain, Al Zeyoudi pointed out that ...

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Abu Dhabi qualifies 1,536 farms for ‘AD Gap’ certificate

Abu Dhabi / WAM As many as 1,536 farms have been certified by Abu Dhabi Good Agricultural Practices (AD G.A.P.), the local version of the Global Good Agricultural Practices Programme “Globalcap”, by the end of last year 2022. 751 farms (48.9%) are from Al Ain region followed by 521 farms (33.9%) from Al Dhafra region and 264 (17.2%) from Abu ...

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Edge completes tests of airborne cellular solution

  Abu Dhabi / WAM Edge, one of the world’s leading advanced technology and defence groups, successfully completed extensive testing of its airborne cellular solution, Activecell-A with an undisclosed customer. The test demonstrated aircraft integration, highly accurate location acquisition, and full-system performance to support diverse emergency conditions and mission requirements. Developed by EdgeE’s electronic warfare arm Sign4L, the cutting-edge solution ...

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Adnoc looks to raise up to AED7.5b from gas unit IPO

  Abu Dhabi / WAM Adnoc Gas on Thursday announced the offer price range and the opening of the subscription period for its IPO on the Abu Dhabi Securities Exchange (ADX). The price range for the offering has been set between AED2.25 to AED2.43 per share, implying an equity value of $47.0 billion to $50.8 billion (AED172.7 billion to AED186.5 ...

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UAE’s trade with Azerbaijan up 270% to AED10.2bn in 5 years

  Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE-Azerbaijan economic and trade relations are witnessing steady development, noting that the value of their non-oil trade increased by over three times during the past five years. In a statement to the Emirates News Agency (WAM), Al Zeyoudi stated that ...

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