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Abu Dhabi / WAM The Ministry of Climate Change and Environment (MOCCAE) received a delegation from the German Development Cooperation Agency (GIZ) and German conservation NGO Succow Foundation for discussions to enhance bilateral cooperation and share experiences on biosphere reserves, ecotourism, and environmental conservation. MOCCAE, represented by its Biodiversity Department, shared its insights on ecotourism prospects in Unesco Man ...
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August, 2022
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10 August
Mubadala Capital to buy Canada’s logistics firm
Abu Dhabi / WAM Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, announced the entry into a definitive agreement to acquire Canada Cartage, a leading logistics platform that provides dedicated national fleet solutions, general freight services, managed transportation, fulfilment and distribution, and home delivery services to some of Canada’s largest blue-chip companies in the grocery, food, retail, ...
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10 August
Emirates adds flights to Mauritius
Dubai / Gulf Time Close on the heels of re-introducing double-daily flights, Emirates has announced plans to up frequencies to Mauritius starting October 1. The additional evening frequency which will operate up till January 31, 2023 is in response to increased travel demand to and from Mauritius, and will boost connectivity to the island nation. Emirates’ third-daily flight to ...
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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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