News

BALI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan participated on Tuesday in the main session of the 17th Group of 20 (G20) Heads of State and Government Summit, which started in Bali, Indonesia and chaired by President Joko Widodo of Indonesia. The two-day summit sees the attendance of the G20 leaders and several representatives of international ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, announced a partnership with Archireef, a climate technology company headquartered in Hong Kong, which will fund research and implement eco-engineering solutions for marine biodiversity restoration using the latest technologies in 3D printing, IoT, and AI. Under the partnership, Archireef will deploy artificial terracotta-based reef tiles to support ...

  Abu Dhabi / WAM The Emirates News Agency (WAM) on Tuesday launched the digital “WAM News System”, which is powered by the latest artificial intelligence (AI) solutions, enabling innovative management of media work through automation features that ensure streamlined operation for partners from government and private entities. The launch came during the ongoing Global Media Congress (GMC), which started ...

  Abu Dhabi / WAM Euronews is planning to expand across the region through the UAE, CEO of the France-based news network, Michael Peters, told the Emirates News Agency (WAM) without revealing more details. “Yes we have plans that we can’t really tell (now). The fact that I’m here (in the UAE) is a clear sign of course. This region ...

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) on Tuesday participated in the Tawdheef 2022 career fair. As the platinum sponsor of the event, Adib has taken an active role in the development and recruitment of local Emirati talent. Tawdheef is the UAE’s leading event for employment for Emirati professionals. The platform is designed to help nationals navigate ...

Dubai / WAM Dubai Airports is preparing for a massive surge in passenger numbers at Dubai World Central (DWC) with the Match Day Shuttle Flights to Doha, Qatar for the FIFA World Cup 2022 all set to start from November 20. Operated by flydubai and Qatar Airways, up to 120 match day shuttle flights will fly in and out of ...

Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated financial results for the period ended September 30, announcing a net income (Taqa-share) of AED6.5 billion, 53% higher than the prior-year period. The company also reported group revenues of AED38.7 billion, 14% higher than the prior-year period and Adjusted Ebitda of AED16.5 billion, up 15%, benefiting from strong ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a message of condolences to President Recep Tayyip ErdoÄŸan of Türkiye, over the explosion in Istanbul’s Istiklal Street which resulted in a number of deaths and injuries. In his message, President His Highness Sheikh Mohamed wished a quick recovery for all the injured. His Highness ...

  Abu Dhabi / WAM Adnoc Drilling Company PJSC on Monday announced its financial results for the nine months and third quarter ended September 30. Adnoc Drilling’s net profit for the nine-month period grew significantly, by 24 percent to $568 million, while revenue increased 15 percent to $1.94 billion compared to the same period last year. Nine-month Ebitda was $879 ...

  Dubai / Gulf Time The Mena region witnessed 524 deals worth AED202.76 billion ($55.2 billion) during the first nine months of the year, according to the latest EY Mena M&A Insights report. Rising inflationary pressures, dampening economic demand and global market disruptions resulted in moderate growth in deal activity of 6% year-on-year (YoY) while deal value slipped by 23% ...