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Masdar inks deal with Ivory Coast to explore development of solar plant

ABU DHABI / WAM Masdar has announced the signing of an agreement with the Ministry of Mining, Petroleum and Energy for the Republic of Côte d’Ivoire to explore the development of a solar power plant with a capacity of up to 70 MW. The agreement was signed in the presence of Tiémoko Meyliet Koné, Vice President of the Republic of ...

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UAE airlifts 14 tonnes of relief supplies to Ukraine

ABU DHABI / WAM The UAE on Friday sent an aircraft carrying 14 tonnes of relief aid, including blankets and personal care supplies, and LED bulbs to help the people of Ukraine live through the harsh winter conditions. These supplies are part of the UAE’s ongoing humanitarian assistance aimed at alleviating the suffering of the Ukrainian people amid the crisis. ...

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Abu Dhabi’s IHC net profit hits record AED32.6bn in 2022

ABU DHABI / GULF TIME International Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate, announced on Friday its audited financial results for the full year of 2022 resulting a AED 32.6 billion net profit, the company’s best profit record to date. The fourth quarter of 2022 saw a significant increase in net profit reaching AED 8.3 billion compared to ...

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