Abu Dhabi / WAM The President of the Maldives has congratulated His Highness Sheikh Mohamed bin Zayed Al Nahyan as the new President of the UAE, saying HH Sheikh Mohamed is a beacon of hope. In an exclusive interview with the Emirates News Agency (WAM), Ibrahim Mohamed Solih, President of the Maldives, said,”His Highness Sheikh Mohamed’s strong statesmanship and his ...

  Ras Al Khaimah / WAM Gulf Pharmaceutical Industries (Julphar) reported on Tuesday its financial results for the first quarter ending March 31, announcing AED418.6 million in net sales in Q1 2022, a 156% increase from Q1 2021. Growth was driven by an increase in sales attributed to the strategic acquisition of Planet Pharmacies and a 37% organic growth from ...

  Abu Dhabi / WAM The National Emergency Crisis and Disasters Management Authority (NCEMA) and the General Authority of Islamic Affairs and Endowments (GAIAE) announced the requirements for the Hajj in the 1443 AH season. The two authorities also expressed their appreciation for Saudi Arabia’s leadership, government and people. The conditions come as a response to the Hajj restrictions announced ...

  Sharjah / WAM Moody’s Investor Services and Fitch Ratings have assigned Arada first-time credit ratings, which provide a strong foundation for the UAE developer to cement its long-term growth. The successful award of the ratings, just five years since the company’s inception in early 2017, make Arada one of the youngest corporates in the UAE to apply for and ...

  ABU DHABI / WAM The Parliamentary Friendship Committee with European Parliaments of the Federal National Council (FNC), led by Sarah Mohammed Falkinaz, met with Arsen Kanokov, Head of the Russian Federation Council’s Friendship Committee with the FNC, and his delegation. The meeting was attended by Dherar Belhoul Al Falasi, Dr. Ali Al Nuaimi, Dr. Hawaa Al Dhahak Al Mansouri, ...

  Erbil / WAM dnata, a leading global air and travel services provider, has announced a significant expansion of its operations in Erbil, Iraq. The company opened a new, advanced cool chain facility and a bus maintenance facility for its state-of-the-art bussing fleets at Erbil International Airport (EBL), which together represent a total investment of $3.5 million. dnata has also ...

  Bloomberg European natural gas futures rose, with traders focused on supplies from Russia and the continent’s imports of liquefied fuel. The European Union said that companies can keep importing Russian gas without breaching sanctions, easing concerns that shipments from the bloc’s biggest provider might be cut amid a payment dispute. But the market is grappling with the implications of ...

  Bloomberg Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp are throwing cold water on their plans to turn Brazil into a profit center. In the past three years, Shell has drilled three exploration wells without finding any commercial volumes, said Marcelo de Assis, the head of Latin American upstream research at consultant ...

  Bargain-basement airfares sell themselves to no-frills customers on the hunt for a good deal. Bargain takeover deals? Not so much. JetBlue Airways Corp announced it was going hostile in its effort to acquire Spirit Airlines Inc and thwart the ultra-low-cost carrier’s existing deal to be acquired by the parent company of Frontier Airlines. JetBlue is offering $30 a share ...

When the first golden arches appeared in Moscow’s Pushkin Square in 1990, it didn’t matter that it was mid-winter. It was as if the snow in Narnia had begun to melt, and the natural state of things was being returned in glorious technicolor. Russians queued around the corner for a taste of once forbidden patties. “If you can’t go to ...