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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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Mena records 524 M&A deals worth AED202.7bn in 9 months of this year

  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% ...

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