Abu Dhabi / WAM Adnoc Drilling Company on Tuesday announced its financial results for the half year and second quarter ending June 30. The company’s net profit for H1 significantly grew by 34% to AED1.392 billion ($379 million), while revenue increased 13% to $1.27 billion compared to the same period last year. First half Ebitda was $580 million, up 16% ...

  Abu Dhabi / WAM Al Yah Satellite Communications Company on Tuesday announced its financial results for the six-month period ended June 30, recording its highest ever first-half revenue. The company reported revenue of AED755 million ($206 million), up 8.1% year-on-year, underpinned by double-digit growth in managed solutions and mobility solutions. The adjusted Ebitda increased by 5.3% year-on-year to AED448 ...

  Dubai / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has issued the Ministerial Resolution No. 318 of 2022 regarding bank guarantees and employees’ protection insurance scheme in the private sector. This decision is in line with the legislative framework that aims to preserve workers’ rights, support the business community, enhance the competitiveness and stability of ...