January, 2022

• 28 January

  UAE a leading model of global human solidarity, says Vatican

  

    ABU DHABI / WAM The Vatican has stressed that the UAE is a leading model of global human solidarity, and its humanitarian initiatives go beyond the limits of geography and encourage pioneering examples that promote peaceful coexistence, tolerance and peace in the whole world. This was stated during a phone call between HH Sheikh Abdullah bin Zayed Al Nahyan, ...

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• 28 January

  Sheikh Mohamed receives note from Tunisia president

    Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a message from President Kais Saied of Tunisia, on promoting relations between the two countries. The message was delivered to Khalifa Shaheen Al Marar, Minister of State, as he welcomed Mu’izz ...

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• 28 January

  FAB net profit up 19% to hit AED12.5 billion

  

    ABU DHABI / WAM First Abu Dhabi Bank (FAB) reported a net profit of AED12.5 billion, compared to AED10.6 billion in 2020, marking a 19 percent increase year-on-year for the full year ended December 31, 2021. Group revenue was up 17% supported by solid trading performance and growth in fee-generating business, helping to offset headwinds from low-interest rates. Operating ...

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• 28 January

  Taweelah plant to commence early output of 100m gal/d in Q1, 2022

  

    Abu Dhabi / WAM Taweelah Reverse Osmosis (RO), the world’s largest RO water desalination plant, will begin early commercial operations in the first quarter of 2022, by providing 100 million gallons per day (MGD), said Othman Al Ali, Chief Executive Officer of the Emirates Water and Electricity Company (Ewec). In a statement to the Emirates News Agency (WAM), Othman ...

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• 28 January

  Tata owns Air India after years of taxpayer bailouts

  

    Bloomberg Tata Sons Pvt formally took charge of debt-laden Air India Ltd., ending years of failed attempts to sell the money-losing airline that has been kept afloat with billions of dollars of taxpayer money. “It is indeed noteworthy that the disinvestment process of @airindiain has been brought to a successful conclusion in a time-bound manner,” aviation minister Jyotiraditya Scindia ...

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• 28 January

  NMDC records AED1 billion profit in 2021

  Abu Dhabi / WAM The National Marine Dredging Company (NMDC) achieved record profits in 2021, totalling AED1 billion, eight times the previous figure. This achievement further enhances the company’s global leadership among major international companies in the engineering, supply, and marine drilling sectors. In 2021, the company completed 72 projects and won another 17 projects in the UAE and worldwide. ...

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• 28 January

  UAE industrial exports hit AED120 billion in 2021

  

    Abu Dhabi / WAM The UAE has successfully enhanced the growth and development of the industrial sector, with the Ministry of Industry and Advanced Technology overseeing a historic rise in industrial exports from the UAE to foreign markets, which totaled approximately AED120 billion (around $33 billion) in 2021. During the Federal National Council session, addressing the development of the ...

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• 28 January

  UAE to remain Russian tourists’ preferred destination in GCC

  

    Dubai / WAM Russia has grown to become the second-largest source market for Dubai’s travel and tourism sector in 2021, climbing from eighth place in last year’s rankings, according to data released ahead of the next edition of Arabian Travel Market (ATM), which will take place at Dubai World Trade Centre (DWTC) from May 9-12. Commissioned by Reed Exhibitions ...

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• 28 January

  AGFE to empower 25,000 Emirati youth by 2025

  

    DUBAI / WAM The Abdulla Al Ghurair Foundation for Education (AGFE) launched “Nomu”, a multi-sector partnership initiative in collaboration with University Leadership Council (ULC) to empower 25,000 Emirati youth by 2025. The initiative was announced during the Global Goals Week held at Expo 2020 Dubai and will offer high-quality learning opportunities as part of the nation’s sustainability strategy. The ...

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• 28 January

  ITC to launch on-demand bus service on Saadiyat Island

  

    ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that it will launch “Abu Dhabi Link” on-demand bus service on Saadiyat Island on Friday, January 28. The service can be requested through the Abu Dhabi Link mobile application. This is a step that reinforces the principle of sustainable ...

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