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Abu Dhabi / WAM Multiply group, an Abu Dhabi-based investment holding company, reported AED18.56 billion in net profit for 2022, driven by the strong performance of the group’s investments and growth in its operating portfolio. Despite several global headwinds, most of its subsidiaries showed growth in operating profits in 2022, highlighting the strength of these businesses and the resilience of ...
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February, 2023
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11 February
Tecom revenue jumps 12% to reach AED1.97 billion in 2022
Dubai / WAM Tecom group on Friday announced a 12% year-on-year (YoY) increase in revenues to AED1.97 billion and a record 28% YoY increase in net profit to AED725.62 million for the financial year ended December 31, 2022 (FY 2022). The results showed strong demand for the Group’s commercial and industrial properties, supported by Dubai’s strong macroeconomic environment and ...
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11 February
UAE Council for Fatwa calls for aid to quake-hit people in Syria, Türkiye
Abu Dhabi / WAM The UAE Council for Fatwa has called for urgent relief to support people affected by the massive earthquake that jolted parts of Türkiye and Syria. The move is part of the UAE’s efforts to support the Syrian and Turkish peoples and aligns with the “Bridges of Goodness” campaign, which was launched by the Emirates Red Crescent ...
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11 February
17th International Pediatric Conference begins in Abu Dhabi
Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, and part of the PureHealth Group – the UAE’s largest integrated healthcare platform, opens the 17th edition of the annual Seha International Pediatric Conference (SIPC), which will run until February 12 in Abu Dhabi. The three-day conference will cover a spectrum of topics featuring ...
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11 February
Dubai Police launch ‘Safe Winter’ Campaign
Dubai / WAM The General Department of Transport and Rescue at Dubai Police has launched the ‘Safe Winter’ campaign to ensure the safety of residents and visitors during winter. As part of the campaign, the police urge the public to take necessary precautions and follow safety guidelines to avoid accidents. They are also urging the public to check weather ...
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11 February
More than 50 loaders take part in Adnoc Dhow Race 22-foot
Abu Dhabi / Gulf Time Adnoc Dhow Bearing Race 22-foot is scheduled to start at 3 pm on February 11. The race, which is organised for a distance of 7 nautical miles, will start from A’Ali area in Lulu Island and will go towards the finish line at the flagpole on Abu Dhabi Corniche, where first place winners will be ...
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11 February
Boeing set to score 15 Max jet order from Hong Kong airline
Bloomberg Boeing Co is set to score a 15-strong order for 737 Max jets from Greater Bay Airlines Co., a person familiar with the matter said, a win for the US company over rival Airbus SE, which had also been vying to supply planes that will be the backbone of the Hong Kong carrier’s operations. Greater Bay Air has ...
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11 February
Target, Nestle join $950m pledge to migration plan
Bloomberg Vice President Kamala Harris announced $950 million in contributions from companies including Target Corp. and Nestle SA aimed at addressing poverty and violence that is driving migration from Central America. Target has promised to boost spending in the region by $300 million over a decade and increase the use of vendors from El Salvador, Guatemala and Honduras. Nestle ...
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11 February
Lawson to consider options for China unit including partnership
Bloomberg Japanese convenience store operator Lawson Inc. is exploring strategic options for its China operation, people with knowledge of the matter said, as consumption in the country recovers after Covid lockdowns. The Tokyo-based firm has held talks with advisers as it weighs possibilities to boost growth in the China unit, including introducing strategic partners and selling minority stakes. Deliberations are ...
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11 February
WHO slams baby formula industry’s marketing tactics
Bloomberg Makers of infant formula use misleading marketing and aggressive lobbying tactics to drive sales in a $55 billion-a-year industry, according to a three-paper series from the World Health Organisation (WHO). Manufacturers make unsubstantiated claims about their products, such as that they are very similar to actual breast milk or can ease infants’ discomfort, say the WHO papers published in ...
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