ABU DHABI/WAM Borouge Plc has reported a 33% year-on-year (YoY) increase in second-quarter net profit to $308 million, powered by higher sales and cost efficiencies as the company recorded its highest ever production volumes. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 18% YoY to $613 million in the second quarter (Q2), underpinned by a 6% increase in …

DUBAI/WAM MultiBank Group, a leading online financial derivatives provider, has partnered with Mashreq, one of the leading financial institutions in the MENA region, to introduce an API-enabled Instant Payment solution for corporate clients. This innovative collaboration fully integrates with the Central Bank of UAE’s Aani (Instant Payment Platform), offering significant advantages to both MultiBank Group and Mashreq. Mashreq is at …

TEHRAN/WAM Dr. Masoud Pezeshkian, President of the Islamic Republic of Iran, received H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, on the sidelines of His Highness’ participation in the presidential inauguration ceremony, held on Tuesday at the Iranian Parliament. H.H. Sheikh Abdullah conveyed the congratulations of President His Highness Sheikh Mohamed bin Zayed …