ABU DHABI / WAM Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Tuesday reported Q1 2023 revenue of $694 million, adjusted Ebitda of $297 million, adjusted net profit of $135 million, and free cash flow of $271 million. Fertiglobe delivered a 9% increase in own-produced sales volumes during the quarter. This was driven by the company’s disciplined commercial …
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DUBAI / WAM The 22nd edition of Airport Show was opened in Dubai on Tuesday amidst brighter outlook for complete and sustainable recovery, growth of passenger demand and focus on future mobility, sustainable infrastructure and innovation. HH Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of …
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DUBAI / WAM Emirates NBD and the Dubai International Financial Centre (DIFC) have signed a Letter of Intent, which will aim to drive the future of finance, innovation, talent and entrepreneurial growth in the region, thus contributing to Dubai’s GDP growth ambitions. The Letter of Intent was signed at the Dubai FinTech Summit 2023, by Arif Amiri, CEO of DIFC …
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BLOOMBERG The European Central Bank (ECB) needs to continue raising interest rates amid a “too high†underlying inflation rate, said Governing Council member Klaas Knot. The ECB will have to raise borrowing costs “as long as the underlying inflation hasn’t been tamped down,†Knot said in an interview on the Buitenhof TV show. “Our real problem at the moment is …
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SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman, honoured at the Cultural Palace in Sharjah, the winners of the second edition of the Sharjah Award for Public Finance (SAPF). The ceremony began with the playing of the United Arab Emirates’ national anthem and the reading of verses …
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DUBAI / WAM H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council, presided over a council board meeting at its headquarters. During the meeting, he highlighted Dubai’s sturdy sports and tourism infrastructure, as well as its adaptable legislation, which have contributed to establishing the city’s position as a top destination for regional and international sports …
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ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Santiago Pena of Paraguay on the occasion of the presidential election win. 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 …
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ABU DHABI / WAM Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of the Emirate of Abu Dhabi and National Security Adviser, highlighted the UAE’s global role in shaping the future of emergency and crisis management. As the Crisis and Emergency Management Summit – Abu Dhabi 2023 begins tomorrow under his patronage and is organised by the National Emergency Crisis …
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ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Péter Szijjártó, Minister of Foreign Affairs and Trade of Hungary, have discussed the prospects of cementing bilateral relations between the two countries. This came as the UAE top diplomat welcomed, at the Ministry’s HQ in Abu Dhabi, the Hungarian minister, and …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from President Bashar al-Assad of the Arab Republic of Syria. During the call, the two leaders discussed bilateral relations between the two countries and ways to develop them further. President al-Assad expressed Syria’s appreciation for the UAE’s role in strengthening relations and …
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