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Taqa’s nine-month net income surges 53% to AED6.5 billion

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 ...

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UAE leaders offer condolences to Turkiye over terror attack

  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 ...

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Adnoc Drilling net profit up 24% in 9 months of 2022

  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 ...

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