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EGA logs AED3.4 billion in net profit, highest-ever production from mining to metal

ABU DHABI/ WAM Emirates Global Aluminium (EGA), the biggest industrial company in the United Arab Emirates outside oil and gas, today reported competitive financial results for 2023, with production records at every step of the company’s value chain. Despite the global aluminium market retreating from the record highs of 2022, EGA’s adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted ...

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UAE-Kuwait trade exchange hits AED317 billion in ten-year: Report

ABU DHABI/ WAM The United Arab Emirates and Kuwait have strong economic and trade relations, evidenced by their trade exchange between 2013 and 2022 totalling AED317 billion, including AED63 billion for imports, AED85.5 billion for non-oil exports, and AED168.5 billion for re-exports. Trade exchange between the two countries has grown significantly, with a 120.5 percent increase over 10 years. In ...

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Mohammed bin Rashid, Mansour bin Zayed congratulate prime minister of Pakistan

ABU DHABI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, have sent messages of congratulation to Muhammad Shehbaz Sharif, on being sworn in as Prime Minister of Pakistan.

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Abdullah bin Zayed, Romanian counterpart discuss bilateral ties

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and Luminița Odobescu, Minister of Foreign Affairs of Romania, in a phone call, discussed various aspects of bilateral relations between the United Arab Emirates and the Republic of Romania and explored ways to strengthen them, in the interest of the two countries and their people. During ...

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MBZUH elevates its standing in humanities research

ABU DHABI / WAM Mohamed Bin Zayed University for Humanities (MBZUH) has announced the launch of a series of initiatives to strengthen its position as a leading global centre of excellence in the humanities. The university recently published 46 academic papers, highlighting its standing at the forefront of humanities research. The productive output also underscores the depth of the university’s ...

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Cepa with UAE helps Costa Rica expand its footprint in Middle East: Costa Rican Minister

ABU DHABI / WAM The Comprehensive Economic Partnership Agreement (CEPA) with the UAE is a milestone for Costa Rica as it provides an opportunity to expand its footprint in the Middle East, according to Costa Rican Minister of Foreign Trade Manuel Tovar. In an interview with the Emirates News Agency (WAM), he emphasised that this will be the first-ever such ...

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AI added $500mn of extra value in 2023, says Adnoc

ABU DHABI / WAM Adnoc announced on Tuesday that it generated $500 million (AED1.84 billion) in value by deploying artificial intelligence (AI) solutions in 2023. The value was generated from integrating over 30 industry-leading AI tools across Adnoc’s full value chain, from field operations to smarter and quicker corporate decision-making. Together, these applications also abated up to 1 million tonnes ...

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