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Abu Dhabi / WAM AD Ports group on Tuesday announced its financial results for the third quarter of 2022. The group’s revenue grew 53% year-on-year (YoY) to AED1,466 million in Q3 2022 (+35% YoY growth to AED3,755 million for the first nine months of 2022), driven by strong growth in its maritime cluster and a robust performance of its ...
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November, 2022
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16 November
Cabinet approves penalties for flouting Nafis initiative
DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Emirati Competitiveness Council (Nafis) have started implementing the Cabinet Resolution No. 95 of 2022 regarding violations and administrative penalties related to the initiatives and programmes of (Nafis). The resolution mandates the ministry and the council to apply administrative penalties per specialisation. The cabinet resolution provides an ...
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16 November
ADX ETF market surpasses AED1.4bn in traded value
Abu Dhabi / Gulf Time Exchange Traded Funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX) trading values have surpassed AED1.4 billion year to date, making the Exchange’s ETFs the most liquid in the Arab world. Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units. This milestone reinforces ...
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16 November
Al Seer Marine to buy four new tankers for AED643m
ABU DHABI / WAM Al Seer Marine announced on Tuesday a new four IMO II/III product tankers order valued at AED643 million as part of Al Seer global expansion push this year. K Shipbuilding, the leading Korean shipyard, will construct the four new medium-range (MR) IMO II/III product tankers at Jinhae Shipyard, which are expected to be delivered before ...
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16 November
Wio Bank, ADGM join hands to boost banking journey for SMEs
Abu Dhabi / WAM Wio Bank, the region’s first platform bank, on Tuesday announced a partnership with Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, to bolster collective efforts to support small and medium-sized enterprises (SMEs) in the UAE to gain access to key banking services quickly and efficiently. With this partnership, Wio will extend ...
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16 November
Emirates, GDRFA sign landmark biometric deal
Dubai / WAM In collaboration with the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA), Emirates airline is now offering international travellers the opportunity to speed up their airport experience by consenting to the use of biometric data. The agreement was signed by Lieutenant General Mohamed Ahmed Al Marri, Director General of GDRFA in Dubai, and Adel ...
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16 November
UAE committed to its responsible role in energy markets
BALI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan participated on Tuesday in the main session of the 17th Group of 20 (G20) Heads of State and Government Summit, which started in Bali, Indonesia and chaired by President Joko Widodo of Indonesia. The two-day summit sees the attendance of the G20 leaders and several representatives of international ...
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16 November
ADQ, Archireef partner to improve marine biodiversity in Abu Dhabi
Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, announced a partnership with Archireef, a climate technology company headquartered in Hong Kong, which will fund research and implement eco-engineering solutions for marine biodiversity restoration using the latest technologies in 3D printing, IoT, and AI. Under the partnership, Archireef will deploy artificial terracotta-based reef tiles to support ...
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16 November
AI-powered digital WAM news system launched
Abu Dhabi / WAM The Emirates News Agency (WAM) on Tuesday launched the digital “WAM News System”, which is powered by the latest artificial intelligence (AI) solutions, enabling innovative management of media work through automation features that ensure streamlined operation for partners from government and private entities. The launch came during the ongoing Global Media Congress (GMC), which started ...
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16 November
Euronews plans to expand regionally through UAE
Abu Dhabi / WAM Euronews is planning to expand across the region through the UAE, CEO of the France-based news network, Michael Peters, told the Emirates News Agency (WAM) without revealing more details. “Yes we have plans that we can’t really tell (now). The fact that I’m here (in the UAE) is a clear sign of course. This region ...
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