News

Bloom Holding begins handover of Aldhay, six months ahead of schedule

  Abu Dhabi / Gulf Time Leading real estate development company, Bloom Holding, announced on Friday that it has begun the early handover of townhouses to owners at Bloom Garden’s fifth phase Aldhay. Aldhay was completed six months ahead of its scheduled handover date, which was set for the third quarter of 2023, adding 181 spacious two to five-bedroom townhouses ...

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DHA, Diez join hands to support founding of healthcare companies

  Dubai / WAM Dubai Health Authority (DHA) has signed a memorandum of understanding (MoU) with Dubai Integrated Economic Zones Authority (Diez), to promote cooperation and coordination between the two sides to enhance investment opportunities in Dubai’s healthcare sector, support the formation of healthcare start-ups, and develop innovative technological solutions. This aligns with the Dubai Economic Agenda D33 agenda, which ...

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Sheikha Fatima, Uzbek Senate chairperson discuss relations

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), on Thursday received Tanzila Narbaeva, Chairperson of the Senate of the Republic of Uzbekistan, who is on a working visit to the UAE. During the ...

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Borouge sees AED5.1b net profit during 2022

  Abu Dhabi / WAM Borouge on Thursday announced its financial results for the twelve-month and three-month periods ended December 31, 2022, with strong year-on-year growth in sales volumes driving healthy revenue growth. Highlights for the twelve months to December 31, 2022; Borouge reported a net profit of AED 5.14 billion) ($1.4 billion), in line with market expectations and holding up ...

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Abu Dhabi’s Aldar enters JV to debut into Dubai realty market

Abu Dhabi / WAM Aldar Properties and Dubai Holding have announced the signing of a binding joint venture (JV) agreement to develop new living experiences across prime locations in Dubai. The agreement marks Aldar’s entry into Dubai’s high performing real estate market as part of the company’s broader expansion into new markets. The move adds considerable weight to Aldar’s development ...

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Mubadala Health, US firm discuss future of healthcare

  Abu Dhabi / WAM Mubadala Health and BioIntelliSense, a continuous health monitoring and clinical intelligence company, hosted a delegation of chief medical officers and leaders of technology and healthcare firms to discuss the future of healthcare, and how tech-enabled care could lead to enhanced healthcare efficiencies and improved patient outcomes. Hasan Jasem Al Nowais, Chief Executive Officer of Mubadala ...

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Etihad to add more flights to Frankfurt

  Abu Dhabi / WAM Etihad Airways has announced that it will increase its services to Frankfurt, Germany, as of May 1. The airline will add an extra four services a week to its current daily frequency, bringing the total number of flights to Frankfurt up to 11 weekly. The additional flights will be operated by one of Etihad’s ultra-modern ...

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Adnoc signs AED17bn deals to boost local manufacturing

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), a reliable and responsible provider of lower-carbon intensity energy, on Thursday announced it has signed agreements with 23 UAE and international companies for local manufacturing opportunities across a wide range of critical industrial products worth AED17 billion ($4.63 billion). The agreements outline the intention of the companies to manufacture ...

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Borouge reports $1.4bn net profit during 2022

  Abu Dhabi / WAM Borouge on Thursday announced its financial results for the twelve-month and three-month periods ended December 31, 2022, with strong year-on-year growth in sales volumes driving healthy revenue growth. Highlights for the twelve months to December 31, 2022; Borouge reported a net profit of $1.4 billion, in line with market expectations and holding up well, despite ...

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WAM discusses bilateral cooperation with media companies in Panama

PANAMA / WAM A delegation from the Emirates News Agency (WAM), chaired by its Director-General Mohammed Jalal Al Rayssi, has discussed the agency’s cooperation with several media entities in Panama. During its visit to Panama, WAM delegation explored the outcomes of the first edition of the Global Media Congress which was held in Abu Dhabi in November 2022 and the ...

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