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Taqa reports AED4.3bn net income in 9 months of 2021

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated pro-forma financial results for the period ended September 30, announcing group revenues of AED34.3 billion, 11% higher than the prior-year period, primarily due to higher commodity prices within the oil and gas segment. Taqa also announced that earnings before interest, taxes, depreciation, and amortisation (Ebitda) reached AED14.4 billion, ...

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Emirates Group first half revenue hits AED24.7bn

DUBAI / WAM The Emirates Group on Wednesday announced its half-year results for its 2021/2022 financial year. Group revenue was AED24.7 billion ($6.7 billion) for the first six months of this year, up 81% from AED13.7 billion ($3.7 billion) during the same period last year. This strong revenue recovery was underpinned by the easing of travel restrictions worldwide and the ...

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Abu Dhabi, Bahrain bourses join hands to boost liquidity

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) signed on Wednesday a strategic cooperation agreement that aims to achieve synergies and greater cross border cooperation to enhance market liquidity and to promote the issuance of low-cost investment vehicles. The parties agreed on a strategic plan to implement new measures over the next nine months to ...

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