ABU DHABI/ WAM ADNOC Drilling Company PJSC today announced its financial results for the fourth quarter and full year ending 31st December 2023. Revenue for the full year was US$3.057 billion, up 14 percent year-on-year, while EBITDA for the full year increased by 20 percent to US$1.483 billion with industry-leading EBITDA margin of 49 percent. ADNOC Drilling announced that the ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, has published its preliminary traffic statistics for January 2024. The carrier welcomed more than 1.4 million guests onboard and saw its load factor average out at 86.04 percent across the month. “In January 2024 we saw a 35 percent year-on-year growth in customer numbers and were flying to ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) has partnered with the Dubai-based artificial intelligence firm Qx Lab AI as it gears up to launch the DMCC AI Centre later this year. Through its ‘Ask Qx’ platform, Qx Lab AI offers generative AI capabilities that can be integrated into services such as online chat functions or used by businesses and ...