ABU DHABI / WAM Burjeel Holdings today announced its financial results in accordance with International Financial Reporting Standards (IFRS) for the three-month and six-month period ended on June 30. The company reported a net profit of AED225 million, up 47.0% y-o-y, attributable to robust topline growth and significantly lower finance costs. Burjeel Holding reported revenue of AED2.2 billion, up 13.9% ...

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) has announced that customers and companies must now use UAE Pass to access the ministry’s digital services online and on smartphones. The move supports the government’s digital transformation drive and is in line with the objectives of ‘We the UAE 2031’ and the National Strategy for Industry and ...

NEW YORK / WAM Noura Al Kaabi, Minister of State, called on the international community to take greater concerted action to overcome the challenge of food insecurity. Al Kaabi delivered the UAE’s statement during a United Nations Security Council open debate on “Famine and Conflict-Induced Global and Food Insecurity” convened by the United States and chaired by Antony Blinken, US ...

ABU DHABI / WAM Adnoc Drilling Company on Friday announced financial results for the first half and second quarter of 2023. The company’s strategy of expanding both fleet and service offering has driven net profit to $446 million, a significant increase of 18% year-on-year during the first half of 2023. Adnoc Drilling’s first half revenue increased to $1.4 billion, up ...

NEW YORK / WAM The threat of famine, with people slowly starving to death, must be considered a red line for international peace and security, the UN Famine Prevention and Response Coordinator, Reena Ghelani, said, warning that warring groups deliberately use hunger as a tactic of war. Globally, over 250 million people suffered acute hunger in 2022, the highest in ...

ABU DHABI / WAM The Abu Dhabi Health Services Company (Seha), a subsidiary of PureHealth, and Sanofi, have entered into a collaboration agreement, to enhance diagnostic performance and accuracy in the field of rare diseases. The agreement will particularly focus on expediting the screening process for lysosomal storage disorders (LSDs) and reducing the average diagnostic journey for rare disease patients. ...

ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies on Friday announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea. Adnoc’s investment into the Caspian region aims to create a substantial growth position as it ...

ABU DHABI / WAM Chinese media will actively participate in the upcoming Global Media Congress in Abu Dhabi, which will explore the media of the new era and convey the common values and ideals of humankind through technology, innovation, and win-win collaboration, a top Chinese diplomat told the Emirates News Agency (WAM). “China strongly supports the UAE in successfully holding ...

LIMA / WAM Mohammed Abdullah Al Shamsi, the UAE ambassador to the Republic of Peru, has attended a reception hosted by Dina Boluarte, President of Peru, at the Presidential Palace on the occasion of Peru’s Independence Day. Al Shamsi conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

HO CHI MINH CITY / WAM Vietnam’s stock market is witnessing the fastest and strongest recovery since the beginning of this year, as the VN-Index has surpassed the threshold of 1,200 points, state news agency (VNA) reported. Most stocks have risen significantly compared to the end of 2022, and the list of enterprises with a capitalisation over $10 billion expanded. ...