ABU DHABI/ WAM Burjeel Holdings PLC announced a 15.6 percent increase in annual revenue to AED 4.5 billion, while net profit increased by 52.4 percent to AED 540 million in 2023, supported by significant revenue growth, increased operational efficiencies, and reduced financing costs. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 17.7 percent to AED 1 billion in ...

ABU DHABI/ WAM The UAE Ministry of Defence and Abu Dhabi Future Energy Company PJSC (Masdar) have signed a partnership agreement to develop multi-solar plants across Abu Dhabi. Emerge, a joint venture between the UAE’s Masdar and France’s EDF Group, will provide a full turnkey solution for the projects, including finance, design, procurement, construction, operations, and maintenance for 25 years. ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed the release of 735 prisoners from correctional and penal facilities, ahead of the start of the Holy Month of Ramadan. His Highness will also personally cover all fines and penalties imposed on the inmates, who had been sentenced to jail terms for a variety of offences.