ABU DHABI/WAM  Youssef Salem, Chief Financial Officer of ADNOC Drilling, projected the company to achieve net profits between US$1.15 billion and US$1.3 billion by the end of 2024. In a statement to the Emirates News Agency (WAM), he said that the company achieved net profits of about US$570 million during the first half of 2024, while it is expected to ...

NEW ALAMEIN CITY/WAM The emirate of Fujairah and the Egyptian government have signed a cooperation agreement in the form of a Memorandum of Understanding (MoU) in the petroleum field. The signing ceremony took place at the government headquarters in the new Alamein city, in the presence of Egypt’s Prime Minister, Dr Mostafa Madbouly, and Karim Badawi, Egyptian Minister of Petroleum ...

SHARJAH/WAM  H.H. Sheikh Dr. Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has announced the inauguration of Al Dhaid University on Monday, September 16, 2024. The new institution is being established with the goal of benefiting the central region of Sharjah and equipping job-seekers with the skills necessary to meet professional standards. The institution will consist ...

ABU DHABI/WAM ADNOC Logistics and Services today announced its second quarter and first half 2024 financial results. During H1 2024, ADNOC L&S recorded a net profit of $401 million (AED1,473 million), equating to $0.05 (AED0.20) per share, an increase of 31% on H1 2023. The company reported revenues of $1,740 million (AED6,390 million), up 42% from H1 2023. EBITDA rose ...

DUBAI/WAM Ripple, a specialised enterprise in blockchain and crypto solutions, has announced plans to partner with DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC) to accelerate blockchain and digital asset innovation in the UAE. The new partnership will connect the next generation of developers with the DIFC Innovation Hub, the largest innovation community in ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Alassane Ouattara of Côte d’Ivoire on the occasion of his country’s Independence Day. 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 ...

SHARJAH/WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an Emiri Decree approving the general organisational structure of the Sharjah Government Legal Department (SGLD). The Decree stipulated that the general organisational structure of the SGLD attached to this decree shall be approved. As per the decree, the Sharjah Executive Council shall issue ...

ABU DHABI/WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, has published a comprehensive Healthcare Workforce Bioethics Guidelines in a pioneering step towards ensuring standardised ethical practices in Abu Dhabi’s dynamic healthcare sector. Built on best practices and in consultation with subject matter experts, bioethics is the study and practice of ...

DUBAI/WAM Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, today announced its financial results for the first half of 2024, reporting total revenues of AED1.352 billion, rising 10.3 percent year-on-year (YoY). Empower’s first six months’ EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) grew 6.0 percent YoY to AED693 million, while earning AED428 million ...

SHARJAH/WAM H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of Sharjah Executive Council (SEC), chaired on Tuesday the meeting of the SEC, held at the Sharjah Ruler’s Office. During its meeting, the SEC discussed a number of topics related to government work in the Emirate of Sharjah to develop and upgrade services. ...