ABU DHABI/WAM Etihad Airways today announced its H1 2024 results, recording a 48 percent increase in profit after tax achieving AED851 million (US$232 million), a significant increase from AED575 million (US$157 million) in H1 2023. Total revenue increased 21 percent to AED11.7 billion ($3.2 billion), from AED9.6 billion ($2.6 billion) in H1 2023, mainly due to passenger revenue, which saw ...

DUBAI/WAM Dubai Electricity and Water Authority (DEWA) today reported its first half 2024 consolidated financial results, recording revenue of AED13.7 billion, EBITDA of AED6.6 billion, operating profit of AED3.3 billion and profit after tax of AED2.6 billion. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, “Our first-half financials reflect robust revenue growth of 7.3% and impressive EBITDA growth ...

JEDDAH/WAM Khalifa Shaheen Al Marar, Minister of State, led the UAE delegation to the open-ended extraordinary meeting of the Executive Committee of the Organisation of Islamic Cooperation, which was held at the foreign minister level. The meeting took place at the headquarters of the OIC’s secretariat in Jeddah at the request of Palestine and Iran, and discussed current developments and ...