Recent Posts

Adnoc Drilling net profit up 33% to AED2.94bn in 2022

  Abu Dhabi / WAM Adnoc Drilling Company on Monday announced its financial results for the fourth quarter and full year ending December 31, 2022. It reported AED2.94 billion ($802 million) net profit for the twelve-month, up 33 percent year-on-year. Full year earnings before Ebitda (interest, taxes, depreciation and amortisation) was $1.23 billion, with a margin of over 46 percent, ...

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Rakbank records 53.4% growth in 2022 net profit

Ras Al Khaimah / WAM The National Bank of Ras Al Khaimah (Rakbank) has announced its financial results for the year ending December 31, 2022, and the fourth quarter of 2022. The bank reported a net profit growth of 53.4% YoY for FY’22, reaching a total of AED1.163 billion, its highest in over a decade. The Q4’22 net profit was ...

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Dewa and Enoc join hands to develop hydrogen-based mobility pilot project

Dubai / WAM Dubai Electricity and Water Authority (Dewa) and Enoc have signed a memorandum of understanding (MoU) to conduct a feasibility study for the establishment, development, and operation of a joint pilot project for the use of hydrogen in mobility. The MoU was signed at the World Government Summit 2023 in the presence of in the presence of HH ...

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