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ABU DHABI/WAM AD Ports Group has climbed for the first time into the global top 20 ranks of world port operators in a new industry survey. The insertion of AD Ports Group at 19th place globally by Drewry, a UK firm that tracks the container ports sector, reflects the growing industry relevance of AD Ports Group’s ports business, which has ...

SEOUL/WAM Number of foreign tourists visiting the Republic of Korea reached 9.11 million during January – July this year, a 66.8 percent increase compared to the same period last year. Yonhap News Agency quoted the Korea Tourism Organization (KTO) as saying on Thursday that the number of foreign tourists visiting South Korea in July was 1.41 million, an increase of ...

DUBAI/WAM The Dubai Financial Services Authority (DFSA) today reported exceptional achievements for the first half of 2024, highlighting continued growth in the number of authorised firms and its ongoing commitment to fostering a robust and resilient regulatory environment within the DIFC. In H1 2024, the DFSA authorised 61 new firms, marking a 22 percent increase compared to the same period ...

ABU DHABI/WAM Aggregate net profits reported by companies listed on GCC exchanges witnessed a healthy year on year (YoY) growth of 5.7 percent during Q2-2024 led by a broad-based growth across most markets in the region. Kamco Investment Company, a regional non-banking financial powerhouse headquartered in Kuwait, in its latest report, stated that the quarter on quarter (QoQ) growth came in at ...

ABU DHABI/WAM  Tabreed, a leading district cooling company, has made a major advancement in its efforts to decarbonise the cooling sector, achieving the ‘Verified Carbon Standard’ at one of its Abu Dhabi plants, certifying carbon credits to offset emissions. Independent non-profit agency, Verra, which sets the world’s leading standards for climate action and sustainable development, carried out a year-long verification ...

SHARJAH/WAM HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah, recently launched advanced orthodontic clinics for master’s students at the College of Dentistry. He also inspected the Centre of Excellence for Dentistry at the University Dental Hospital. Sultan bin Ahmed conducted a tour of the clinic complex, familiarising himself ...

GAZA/WAM Operation “Chivalrous Knight 3” has commenced the restoration and operation of damaged and destroyed water networks in northern Gaza. This initiative follows the signing of a Memorandum of Understanding with Gaza Municipality, as part of the UAE’s efforts to provide urgent humanitarian solutions and funding to restore the functionality of water wells and reservoirs in the northern region. Through ...

ABU DHABI/WAM Emirates Global Aluminium (EGA), the world’s largest premium aluminium producer and the biggest industrial company in the UAE outside oil and gas, today reported solid financial performance for the first half of 2024 amid sustained global demand for premium aluminium. EGA’s adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted EBITDA) was AED 4.20 billion (US$1.14 billion), compared ...

SHARJAH/WAM  The 13th International Government Communication Forum (IGCF 2024), organised by the Sharjah Government Media Bureau (SGMB), is set to take place on 4-5 September under the theme “Agile Governments… Innovative Communication.” The forum aims to redefine how governments and societies address the complexities of the 21st century. A distinguished lineup of national, regional, and international speakers, including ministers and ...

DUBAI/WAM DXB Live, the integrated event management and experiential agency of Dubai World Trade Centre (DWTC), announced its expansion of its regional presence by officially opening a new office in Riyadh, Kingdom of Saudi Arabia (KSA). This expansion aligns with DXB Live’s strategy to strengthen its global footprint and reinforce its position as a leader in the events industry. Khalid ...