Dubai / Gulf Time Gulf Pharmaceutical Industries PSC (Julphar), one of the largest pharmaceutical manufacturers in the Middle East and Africa, on Friday reports its financial results for the second quarter. The company reported robust results achieving AED419.9million in net sales for Q2 2022, marking a 91% increase versus Q2 2021. While geo-economic headwinds have impacted year-to-date and quarter-on-quarter ...

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 234,950 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, the ministry announced 823 new coronavirus cases, bringing the total number of recorded cases in the UAE to 1,003,129. MoHAP also noted that ...

  Abu Dhabi / WAM The UAE strongly condemned the terrorist attack that took place in the Yatenga Province, in northern Burkina Faso, which resulted in the death of dozens of innocent people. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of all ...

  Abu Dhabi / WAM The Ministry of Defence has organised a briefing on the Advanced Technology Research Council (ATRC) and its research arm, the Technology Innovation Institute (TII). The briefing – held in the Emirates Hall of the Ministry of Defence — also highlighted TII’s research projects that are being implemented via its seven centres to provide the UAE ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received at Qasr Al Bahr Majlis a youth delegation representing various entities. During the meeting, His Highness Sheikh Mohamed bin Zayed exchanged friendly talks with the delegation’s members and congratulated them on the occasion of the World Youth Day, which falls on August 12 every year. ...

  ABU DHABI / WAM Shamma bint Suhail Al Mazrouei, Minister of State for Youth Affairs and Vice President of the Arab Youth Centre (AYC), said the UAE believes in the youth and is enhancing its leading stature as a destination for life and work for young people. In her statement on World Youth Day, she stressed that in the ...

  Bloomberg RWE AG is investing more than it originally planned on building renewable energy capacity to make Europe more energy independent as a worsening crisis threatens the region’s economy. Germany’s biggest power producer plans to spend more than 5 billion euros ($5.2 billion), on green technologies this fiscal year, including wind, solar and batteries, as well as ramping up ...

  Bloomberg Adani Enterprises Ltd plans to invest $5.2 billion in setting up an alumina refinery in the eastern Indian state of Odisha, as Gautam Adani, Asia’s richest man, adds one more business to his rapidly-expanding empire. The flagship company of the Adani group got the approval to build the refinery and a captive power plant in Rayagada for an ...

Bloomberg Neptune Energy Group Ltd.’s chief warned that the UK’s windfall tax on oil and gas profits will threaten long-term investment in the sector, but have limited impact on the firm itself. The government in May slapped a 25% windfall tax on producers’ profits to fund aid to the poorest households amid a cost-of-living crisis. The levy — which will ...

  Bloomberg A closure of the Rhine River could disrupt the daily trade of hundreds of thousands of barrels of oil products, piling yet more pressure on Europe’s energy-supply chain. The water level at Kaub, west of Frankfurt, is forecast to drop below a critical 40-centimeter mark (under 16 inches), and to 33 centimeters. At that point, it becomes uneconomical ...