August, 2022

• 11 August

  Abu Dhabi’s Taqa profit soars 50% to AED4.3bn in H1 2022

  

    Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) reported consolidated financial results for the period ended June 30. The company reported a net income (Taqa-share) of AED4.3 billion, 50% higher than the prior year, with a greater contribution from the oil & gas segment. Taqa delivered a strong performance underpinned by its stable contracted and regulated utilities ...

  Read More »
• 11 August

  UAE calls for accelerated international efforts to counter terrorism

  

    New York / WAM During a United Nations Security Council meeting on threats to international peace and security caused by terrorist acts, the United Arab Emirates called for the international community to redouble its efforts to eliminate all terrorist groups, particularly Da’esh and its affiliates. “Despite gains made in the elimination of Da’esh leadership, the transnational threat that the ...

  Read More »
• 11 August

  Emirates invests $2b to boost inflight customer experience

  

    Dubai / Gulf Time Priding itself on a brand promise of ‘Fly Better’, Emirates is investing over $2 billion to enhance its inflight customer experience, including a massive programme to retrofit over 120 aircraft with the latest interiors, plus an array of other service improvements across all cabins starting this year. Sir Tim Clark, President Emirates Airline said, “While ...

  Read More »
• 11 August

  Adnic records net proft of AED186.9m in H1 ’22

  

  ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) has reported its financial results for the six-month period ended June 30, recording a net profit of AED186.9 million. Commenting on Adnic’s performance, Sheikh Mohamed bin Saif Al-Nahyan, Chairman of Adnic, said, “Adnic continued to deliver steady performance in the face of challenging global economic conditions. As we move into ...

  Read More »
• 11 August

  Etihad announces double daily flights to Manila

    ABU DHABI / WAM Etihad Airways is set to strengthen air connectivity between the UAE and the Philippines this winter with an additional daily service to Manila. A second daily flight will be established on October 30, providing guests with a total 14 flights per week between Abu Dhabi and the Filipino capital. Both daily frequencies will be operated ...

  Read More »
• 11 August

  Gazelle, Ferrofab team up to build hybrid offshore wind platform

  

    Dubai / Gulf Time Floating offshore wind platform developer Gazelle Wind Power (Gazelle) has signed a memorandum of understanding (MoU) with Ferrofab FZE (Ferrofab), a UAE-based engineering and manufacturing firm, to establish a Center for Manufacturing Excellence at the Ferrofab Jebel Ali facility in the UAE. This center is being established to manufacture a Gazelle hybrid modular offshore wind ...

  Read More »
• 11 August

  Democracies can weather prosecutions of ex-leaders

  

  If the FBI search at Donald Trump’s Florida home leads to the prosecution of the former president, as supporters fear and detractors hope, then citizens of democracies everywhere might ask Americans, “What kept you?” The US has been a laggard in an important measure of freedom: holding former leaders accountable to the law. From Brazil, France and South Africa to ...

  Read More »
• 11 August

  BOE’s prophesies fall on deaf ears

  

  The Bank of England (BOE) delivered an unusually apocalyptic economic outlook at last week’s quarterly economic review, overshadowing the biggest interest-rate hike in more than a quarter of a century. Yet UK markets have barely moved, and their skepticism is entirely understandable and completely justified. Like a bad pianist playing the right notes but not in the correct order, the ...

  Read More »
• 11 August

  Is Wall Street failing women in retirement?

    When it comes to a comfortable retirement, women in the US have the cards stacked against them. New efforts to start changing this are laudable, and yet they’re still missing the mark because they’re being shaped by decades of misperceptions. The inequities a woman faces throughout her working life — from earning less to shouldering the lion’s share of ...

  Read More »
• 11 August

  Draghi isn’t coming to Italy’s rescue anymore

    Italian politics bears a striking resemblance to South American telenovelas: filled with episodes of unrequited love, bizarre couplings and multiple breakups. Narrative lines reach a fever pitch of crisis before an unexpected turn of events makes everything right — the deus-ex-machina moment. That’s the climax in ancient dramas when a god is swung on stage by a machine to ...

  Read More »