Abu Dhabi / WAM Fertiglobe, the strategic partnership between Adnoc and OCI, on Thursday reported its Q1 2022 results, announcing that revenues for the first quarter increased 118% to $1.2 billion, while adjusted Ebitda grew 171% to $625 million compared to Q1 2021. Adjusted net income in Q1 2022 was $361 million, increasing by 332% year-on-year, while free cash ...

  ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, has accepted 16 startups to join its growing community as part of accelerating the Emirate’s position as a leading innovation hub. By launching operations in Abu Dhabi, the new startup cohort, which has already raised more than AED 231 million in funding, will have the opportunity to develop advanced ...

  ABU DHABI / WAM Abu Dhabi Distribution Company (ADDC), a subsidiary of the Abu Dhabi National Energy Company (Taqa), on Thursday signed a memorandum of understanding (MoU) with Carrefour, owned by Majid Al Futtaim in the UAE, to expand its Green Corner initiative to include a pilot at Carrefour Al Saqr, located on Airport Road in the heart of ...