August, 2022

• 10 August

  Adnoc Drilling net profit soars 34% to AED1.4bn in H1 2022

  

  Abu Dhabi / WAM Adnoc Drilling Company on Tuesday announced its financial results for the half year and second quarter ending June 30. The company’s net profit for H1 significantly grew by 34% to AED1.392 billion ($379 million), while revenue increased 13% to $1.27 billion compared to the same period last year. First half Ebitda was $580 million, up 16% ...

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• 10 August

  Yahsat records AED755mn revenue in first half of 2022

  

    Abu Dhabi / WAM Al Yah Satellite Communications Company on Tuesday announced its financial results for the six-month period ended June 30, recording its highest ever first-half revenue. The company reported revenue of AED755 million ($206 million), up 8.1% year-on-year, underpinned by double-digit growth in managed solutions and mobility solutions. The adjusted Ebitda increased by 5.3% year-on-year to AED448 ...

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• 10 August

  UAE issues new rules on bank guarantees, employees’ protection insurance scheme

  

    Dubai / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has issued the Ministerial Resolution No. 318 of 2022 regarding bank guarantees and employees’ protection insurance scheme in the private sector. This decision is in line with the legislative framework that aims to preserve workers’ rights, support the business community, enhance the competitiveness and stability of ...

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• 10 August

  Edge entity Horizon wins two business certifications

  

    Abu Dhabi / WAM Edge group entity, Horizon, the Middle East’s largest independent helicopter flight training academy, on Tuesday announced that it has been awarded the Information Security (ISMS) ISO 27001 and Business Continuity Management Systems (BCMS) ISO 22301 certifications from Bureau Veritas, a company specialising in world-class laboratory testing, inspection, and certification services. The announcement was made during ...

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• 10 August

  SIFF announces 100 films from 43 countries

    SHARJAH / WAM The upcoming ninth edition of the Sharjah International Film Festival for Children and Youth (SIFF) will celebrate the beauty and power of a wide range of unique and delightful films from 43 countries, including the UAE, when it opens at the Al Jawaher Reception and Convention Centre from October 10-15. SIFF, organised by FUNN, the Sharjah-based ...

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• 10 August

  WGES calls on attendees to register on its website

  

    DUBAI / WAM The organisers of the World Green Economy Summit (WGES) invite those interested in attending to register on the summit website so they can participate in the activities, high-level seminars, panel discussions and youth circles held during the 8th WGES. Dubai Electricity and Water Authority (Dewa) and the World Green Economy Organisation (WGEO) are organising WGES under ...

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• 10 August

  Hong Kong fiddles while the world is moving on

  

  The reduction in Hong Kong’s mandatory hotel quarantine period to three days from seven will come as a welcome relief to many in a pandemic-weary population. Whether it will do much to revive the financial centre’s international competitiveness is far more doubtful. In a world where most of its rivals abandoned Covid curbs months ago, the city still looks like ...

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• 10 August

  The future of travel is less exotic

  

  I am writing this from Amritsar, India, in the state of Punjab. The Sikh Golden Temple here is one of India’s leading attractions, and recently I shared space with thousands of people over the course of four or five hours. In that time, I saw only two people who might qualify as White Westerners. That simple observation — and my ...

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• 10 August

  Pfizer’s GBT deal to aid more sickle-cell patients

    Pfizer continues to spend its Covid windfall wisely. The pharma company said it would spend $5.4 billion to buy Global Blood Therapeutics (GBT), which has one approved drug to treat sickle-cell disease and two more in development. It’s a smart deal for both companies. Pfizer can put needed marketing muscle behind GBT’s products. In return, Pfizer will be able ...

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• 10 August

  Trump raid should be Garland’s opening act

    We now know that the Justice Department and the Federal Bureau of Investigation have an active interest in Donald Trump because Trump told us so. “My beautiful home, Mar-A-Lago in Palm Beach, Florida, is currently under siege, raided, and occupied by a large group of FBI agents,” Trump said in a rambling statement. “They even broke into my safe!” ...

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