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ADDED includes 30 new activities to ‘Freelancer Licence’

ABU DHABI/WAM The Abu Dhabi Business Centre (ADBC) at the Abu Dhabi Department of Economic Development (ADDED) announced the addition of 30 new activities to the Freelancer Licence. This expansion allows UAE nationals and residents to pursue a wider range of business opportunities, fostering Abu Dhabi’s supportive economic environment that encourages entrepreneurship and facilitates business establishment at minimal cost. The ...

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DP World’s revenue grew by 3.3% to $9,335 million in HI 2024

DUBAI/WAM DP World Limited today announced resilient financial results for the first six months to 30 June 2024. On a reported basis, revenue grew by 3.3% to $9,335 million while adjusted EBITDA3 decreased by 4.3% to $2,497 million with an adjusted EBITDA margin of 26.8%. Like-for-like gross container volumes growth of 6.1% driven by strong growth in Americas, Europe, Asia ...

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AD Ports Group completes Tbilisi Dry Port acquisition to become majority owner

ABU DHABI/WAM AD Ports Group on Thursday announced the completion of the acquisition process of the Tbilisi Dry Port, which sees the Group become the majority owner with a 60% stake. The state-of-the-art, rail-linked, and custom bonded intermodal logistics hub, in Georgia – scheduled to be operational in October 2024 – further strengthens the Group’s role in connecting Asia and ...

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Under the patronage of Nahyan bin Zayed, 30th Abu Dhabi International Chess Festival to take place

ABU DHABI/AD MEDIA OFFICE Under the patronage of His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Abu Dhabi Sports Council, the 30th edition of the Abu Dhabi International Chess Festival is taking place until 25 August 2024. The opening activities of the international event will be held at The St. Regis Hotel Abu Dhabi, organised by the ...

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ADNOC Drilling to be added to MSCI’s flagship indexes on August 30

ABU DHABI/WAM ADNOC Drilling Company has announced that its stock has been selected for inclusion in the prestigious MSCI indexes effective post market close on 30th August 2024. ADNOC Drilling will be included in the MSCI Indexes including MSCI EM, and MSCI UAE after meeting the necessary criteria. The Company will become the 12th member of the MSCI UAE index. ...

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Yalla Group’s H1 revenue grows 4.7% to AED 587.3 million

DUBAI/GULF TIME Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its unaudited financial results for the second quarter of the fiscal year 2024, ending on June 30. The financial results revealed that Yalla’s H1 revenues have surpassed AED 587.3 million (US$159.9 million), recording ...

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