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UAE leaders condole death of Saudi prince

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a message of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, expressing his sincere condolences and sympathy over the death of Prince Abdulrahman bin Nasser bin Abdulaziz Al Saud. His Highness Sheikh Mohammed bin Rashid ...

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Etihad’s profit soars to record high in H1 2022

Abu Dhabi / WAM Etihad Airways on Thursday announced its financial and operating results for the first half of 2022, posting a record-breaking core operating profit of $296 million (H1 2021: $392 million loss). This result was achieved despite fuel costs increasing by almost 60% in comparison to the same period last year. Etihad carried 4.02 million passengers in H1 ...

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Adnoc Distribution takes 50% stake in ‘TotalEnergies Egypt’

  Abu Dhabi / WAM Adnoc Distribution, the UAE’s largest fuel and retail distributor, on Thursday announced that it has entered into an agreement with “TotalEnergies Marketing Afrique SAS” to acquire a 50 percent stake in TotalEnergies Marketing Egypt LLC (TotalEnergies Egypt) for about $186 million, with an additional earn-out of up to $17.3 million. The partnership with TotalEnergies, a ...

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