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Etihad Airways on its path to recovery as operations grow

Abu Dhabi / Emirates Business Etihad Airways has announced operating and financial results for the first half of 2021, showing a progressive recovery across its business despite a slower than expected return to global air travel. The airline carried one million passengers in H1 2021, with an average seat load factor of 24.9%. This represents an average 10% month-on-month growth ...

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Adnoc, Fertiglobe to sell blue ammonia to Idemitsu

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), in partnership with Fertiglobe, has agreed to the sale of blue ammonia to Idemitsu in Japan, for using it in its refining and petrochemicals operations. The sale builds upon recently announced joint efforts to enhance industrial cooperation between the UAE and Japan and support the development of new UAE-Japan ...

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Emaar Malls hits 80% growth in H1 of 2021

DUBAI / WAM Emaar Malls recorded an increase in net profit by 80 per cent to AED 622 million ($ 169 million) during the first six months (January to June) of 2021, compared to a net profit of AED 345 million ($ 4 million), during the same period in 2020. Revenue for H1 2021 amounted to AED 2.048 billion, an ...

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ADFD finances projects worth AED102bn in 97 countries

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), since its establishment in 1971, has financed thousands of development projects that significantly impacted millions of lives in 97 developing countries around the world. The projects have contributed to advancing economic growth, improving access to healthcare and education, and building modern infrastructure, including road, railway and water networks as well ...

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Sharjah CP chairs SEC’s meeting

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council (SEC), on Tuesday, chaired the weekly meeting of SEC, in the presence of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC, and HH Sheikh Sultan bin ...

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Dubai’s ‘Trakhees’ joins World Logistics Passport

DUBAI / WAM The World Logistics Passport (WLP) is expanding in Dubai with the joining of the Department of Planning and Development (Trakhees), the regulatory arm of Ports, Customs and Free Zone Corporation in Dubai (PCFC). The WLP is the world’s first freight loyalty programme designed to increase trading opportunities between markets and accelerate the flow of global trade. Registering ...

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UAB announces participation in SCA Fintech Megathon 2021

SHARJAH / WAM United Arab Bank (UAB) has announced its participation in a first of its kind nation-wide Fintech Megathon, SCA Fintech Megathon 2021, launched by Emirates Securities & Commodities Authority (SCA) and the Ministry of Economy to promote further development of fintech industry in the UAE. The initiative will help innovators, financial institutions, regulators, and other ecosystem partners in ...

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Digital Dewa, du launch region’s first industrial 5G slicing

DUBAI / WAM Digital DEWA — the digital arm of Dubai Electricity and Water Authority (Dewa), one of Dubai 10X Initiative — and du, from Emirates Integrated Telecommunications Company (EITC), have entered a strategic partnership which resulted in the implementation of the region’s first Industrial private 5G slicing through 5G stand-alone (SA) technology. Through the collaboration, Digital Dewa’s InfraX, the ...

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India isn’t ready for yet another Covid-19 wave

Memories of India’s devastating second wave of Covid-19 are slowly receding. The pandemic has once again fallen out of the headlines; malls and mountain resorts are crowded with shoppers and tourists. Business activity is nearly back to pre-pandemic levels, as it had been just before the second wave hit in March. In fact, just like then, many Indians seem to ...

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