Abu Dhabi / WAM e& (formerly known as Etisalat Group) announced its financial results for Q1 2022. e&’s first quarter consolidated revenues increased by 0.8% to AED13.3 billion, while consolidated net profit increased to AED2.4 billion, a year-over-year increase of 3.6%. Consolidated Ebitda reached AED6.8 billion, an increase of 0.5% year-over-year, resulting in an Ebitda margin of 51%. At ...

  Abu Dhabi / WAM Aldar Investment has completed the acquisition of a 70 percent equity interest in Abu Dhabi Business Hub, valuing the company at more than AED500 million, with the remaining 30 percent owned by a strategic partner. The acquisition marks the creation of Aldar Logistics, the company’s new logistics real estate vertical, which will focus primarily on ...

  Sharjah / WAM Construction of the UAE’s first waste-to-energy plant has been completed, with the project now entering the testing and commissioning phase. The Sharjah Waste to Energy plant is the first project of Emirates Waste to Energy, a joint venture (JV) established by Beeah Energy, the renewable energy business of Beeah Group, and Masdar, one of the world’s ...