News

ABU DHABI / WAM e& enterprise, part of e& (formerly known as Etisalat Group) on Friday announced the implementation of a unique Microsoft solution powered by cutting-edge data technologies that enables companies of any size to define and implement their sustainability agenda and reduce their carbon emissions. The solution called ‘Microsoft Sustainability Manager’ is an extensible solution that unifies data ...

ABU DHABI / WAM Alpha Dhabi Holding PJSC (Alpha Dhabi or the Group), listed on the Abu Dhabi Securities Exchange, has reported its financial results for the full year period ending on December 31, 2022, and the numbers are impressive. In 2022, Alpha Dhabi achieved a net profit of AED 10.6 billion, a staggering increase of 104% year-on-year from AED ...

ABU DHABI / WAM During a virtual summit, President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Recep Tayyip Erdogan, President of the Republic of Türkiye, witnessed the signing of a Comprehensive Economic Partnership Agreement (Cepa) between the UAE and the Republic of Türkiye. Abdulla bin Touq Al Marri, UAE Minister of the Economy, and Mehmet Muş, the Turkish ...

ABU DHABI / WAM The Department of Municipalities and Transport (DMT) has revealed that the UAE capital’s real estate market recorded 19,033 transactions, reaching a total value of AED77.6 billion in 2022. As per the Department’s reports, the emirate’s real estate sector recorded 9,010 sales transactions worth AED23.5 billion and 10,023 mortgage transactions worth AED54.1 billion Yas Island topped the ...

ABU DHABI / WAM Adnoc Gas on Friday announced the final offer price for the shares offered by Abu Dhabi National Oil Company (Adnoc or the selling shareholder) in connection with Adnoc Gas’s initial public offering (IPO or offering) and listing on the ADX, following the successful conclusion of the bookbuild and public subscription process. The final offer price for ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) hosted a regional expert meeting on healthy diet policies in Dubai. The event, which was hosted by the World Health Organisation (WHO) Regional Office for the Eastern Mediterranean, aimed to discuss recent developments in the field of healthy diet policies at the regional level, with a special emphasis on the ...

DUBAI / WAM Emirates and Philippine Airlines (PAL) have signed an interline agreement to boost connectivity for passengers of both air carriers to new points on each other’s networks via Manila and Dubai, using a single ticket and one baggage policy. Now in effect, the reciprocal interline partnership provides Emirates’ passengers access to 19 Philippine domestic destinations operated by Philippine ...

DUBAI / WAM Dubai Electricity and Water Authority’s (Dewa) Research and Development Centre has obtained its eighth patent for a cutting-edge device that leverages advanced sensors to locate and survey geographical areas. The device employs real-time kinematic (RTK) processing techniques to process data collected on-site and works with a smart device developed by the R&D Centre, which uses a smart ...

BLOOMBERG Britain’s chronic problem with people dropping out of the workforce will only get worse over the next three years because the population is changing shape, according to the Office for National Statistics (ONS). By 2026, there will be 726,000 more inactive people in the UK aged 16 to 64 than before the pandemic, the government’s statistics office said. The ...

BLOOMBERG Tesla Inc’s shipments from its China factory climbed in February as price cuts attracted buyers and consumer spending kicked back into gear following massive Covid outbreaks across the nation in January. The US electric vehicle pioneer delivered a total of 74,402 vehicles from its Shanghai facility last month, preliminary data from China’s Passenger Car Association showed. That’s a 32% ...