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DP World inks deal to bolster F&B cluster

  Dubai / WAM DP World UAE announced signing two new development projects with multinational agricultural commodity processors, strengthening the F&B cluster and capabilities within Jebel Ali in Dubai. The move is in line with the UAE’s National Food Security Strategy 2051, which aims to achieve zero hunger worldwide by facilitating global food trade, diversifying food import sources, and identifying ...

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Borouge posts 16.4% revenue growth in H1

  Abu Dhabi / WAM Borouge Plc, a petrochemical company that provides innovative and differentiated polyolefin solutions, announced strong financial results for the first six months of 2022, with a 16.4% increase in revenue to $3,460 million for H1 2022, versus the same period last year, driven by sales volume growth of 8.6% and average price per tonne growth of ...

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Etihad sees record-breaking profit of $296mn 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 ...

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