Abu Dhabi / Gulf Time Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in the region, reported consolidated financial results for the three months ended March 31. Taqa delivered strong performance underpinned by its stable regulated and contracted utilities businesses and boosted by higher commodity prices. The company reports group revenues of AED12.4 billion, ...
Read More »
Abu Dhabi / WAM Fertiglobe, the strategic partnership between Adnoc and OCI, on Thursday reported its Q1 2022 results, announcing that revenues for the first quarter increased 118% to $1.2 billion, while adjusted Ebitda grew 171% to $625 million compared to Q1 2021. Adjusted net income in Q1 2022 was $361 million, increasing by 332% year-on-year, while free cash ...
Read More »
ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, has accepted 16 startups to join its growing community as part of accelerating the Emirate’s position as a leading innovation hub. By launching operations in Abu Dhabi, the new startup cohort, which has already raised more than AED 231 million in funding, will have the opportunity to develop advanced ...
Read More »
ABU DHABI / WAM Abu Dhabi Distribution Company (ADDC), a subsidiary of the Abu Dhabi National Energy Company (Taqa), on Thursday signed a memorandum of understanding (MoU) with Carrefour, owned by Majid Al Futtaim in the UAE, to expand its Green Corner initiative to include a pilot at Carrefour Al Saqr, located on Airport Road in the heart of ...
Read More »Abu Dhabi / WAM Zayed House for Islamic Culture (ZHIC) has shifted all its e-services to Abu Dhabi Unified Government System (TAMM), in a move aimed at enabling the emirate’s community to complete comprehensive digital government services through a single point of contact easily and conveniently. This step comes as a part of Abu Dhabi digital strategy to develop, ...
Read More »
Abu Dhabi / WAM Khalifa Shaheen Al Marar, Minister of State, has participated in the Ministerial Meeting of the Global Coalition Against Daesh, which was co-chaired by the Kingdom of Morocco and the United States in Marrakesh. During the meeting, Al Marar underscored the need to enhance cooperation to counter the terrorist acts committed by Daesh, and prevent the ...
Read More »
Abu Dhabi / WAM The green hydrogen projects of Abu Dhabi National Energy Company (Taqa) are progressing very well, a senior executive told the Emirates News Agency (WAM), adding that green hydrogen, dubbed as the oil of the future, will play a significant role in the company’s growing portfolio of renewables. “We are currently in the techno feasibility stage ...
Read More »
ABU DHABI / WAM Sheikh Zayed Grand Mosque received 459,126 worshippers and visitors during the Holy Month of Ramadan and the Eid Al Fitr holidays. The worshippers who flocked to the mosque throughout the days and nights of Ramadan to pray and reflect reached 219,378, of which 80,782 attended the Isha and Tarawih prayer, and 100,996 attended the Tahajjud ...
Read More »ABU DHABI / WAM Zayed House for Islamic Culture (ZHIC) has shifted all its e-services to Abu Dhabi Unified Government System (TAMM), in a move aimed at enabling the emirate’s community to complete comprehensive digital government services through a single point of contact easily and conveniently. This step comes as a part of Abu Dhabi digital strategy to develop, ...
Read More »
Dubai / WAM Emirates and Jebel Ali Free Zone (Jafza) have signed a memorandum of understanding (MoU) to explore joint cooperation and initiatives targeted at attracting more investments into Dubai by supporting new and existing businesses registered or licenced in the free zone. Under the MoU, the parties will explore opportunities to offer a number of travel-related incentives for ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.