SHARJAH / WAM United Arab Bank (UAB) has reported its financial results for the first quarter ending on March 31, with a net profit of AED 54.8 million, up 80 percent from AED 30.4 million in Q1 2022. The increase in net profit is attributed to improved Net interest income and lower provision charges. The bank’s total operating income grew …

ABU DHABI / WAM In line with UAE Net Zero 2050 and the UAE’s direction towards sustainable economic development and industrial decarbonisation, the Ministry of the Industry and Advanced Technology (MoIAT) is hosting high potential technology start-ups with a focus on sustainability and decarbonisation to participate in a start-up competition launched ahead of COP28. The ministry created the Make it …

BRUSSELS / WAM The European Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package” — the EU’s plan to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels in line with European Climate Law. The …