August, 2024

• 30 August

  9.11m foreign tourists visit Korea in 7 months

  

  SEOUL/WAM Number of foreign tourists visiting the Republic of Korea reached 9.11 million during January – July this year, a 66.8 percent increase compared to the same period last year. Yonhap News Agency quoted the Korea Tourism Organization (KTO) as saying on Thursday that the number of foreign tourists visiting South Korea in July was 1.41 million, an increase of ...

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• 30 August

  Etihad Airways celebrates Emirati women in aviation industry

  

  ABU DHABI/WAM On Emirati Women’s Day, Etihad Airways, the UAE’s national carrier, celebrated its 20th anniversary by highlighting its achievements in promoting Emirati women within the aviation sector. The airline reported that nearly half of its UAE national workforce comprises Emirati women, demonstrating its commitment to developing local talent. Over the past 20 years, Etihad has built a reputation for ...

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• 30 August

  Dubai Financial Services Authority authorises 61 new firms in H1 2024

  

  DUBAI/WAM The Dubai Financial Services Authority (DFSA) today reported exceptional achievements for the first half of 2024, highlighting continued growth in the number of authorised firms and its ongoing commitment to fostering a robust and resilient regulatory environment within the DIFC. In H1 2024, the DFSA authorised 61 new firms, marking a 22 percent increase compared to the same period ...

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• 30 August

  Department of Energy spearheads gas safety, compliance in Abu Dhabi

  

  ABU DHABI/WAM The Department of Energy – Abu Dhabi (DoE) introduced its regulatory roadmap for the petroleum products sector, with a focus on gas systems in residential, commercial, and industrial establishments, and called on stakeholders to unite in efforts to build safer communities across the emirate. The new regulatory journey was presented to 200 key government and private sector representatives ...

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• 30 August

  GCC-listed companies earn $60.7 billion during Q2, reports Kamco Invest

  

  ABU DHABI/WAM Aggregate net profits reported by companies listed on GCC exchanges witnessed a healthy year on year (YoY) growth of 5.7 percent during Q2-2024 led by a broad-based growth across most markets in the region. Kamco Investment Company, a regional non-banking financial powerhouse headquartered in Kuwait, in its latest report, stated that the quarter on quarter (QoQ) growth came in at ...

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• 30 August

  e& enterprise completes $60m acquisition of GlassHouse, expanding into Türkiye

  

  ABU DHABI/WAM e& enterprise, the digital transformation arm of e&, today announced the successful completion of its US$60 million acquisition of GlassHouse, a leading Türkiye-based provider of managed cloud, business continuity and SAP Infrastructure services. The acquisition, originally announced in June this year, strengthens e& enterprise’s capabilities in private cloud and managed services, bolstering its overall value proposition with the ...

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• 30 August

  Tabreed completes ‘Verified Carbon Standard’ programme

  

  ABU DHABI/WAM  Tabreed, a leading district cooling company, has made a major advancement in its efforts to decarbonise the cooling sector, achieving the ‘Verified Carbon Standard’ at one of its Abu Dhabi plants, certifying carbon credits to offset emissions. Independent non-profit agency, Verra, which sets the world’s leading standards for climate action and sustainable development, carried out a year-long verification ...

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• 30 August

  Sultan bin Ahmed opens dentistry clinics for Master’s students

  

  SHARJAH/WAM HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah, recently launched advanced orthodontic clinics for master’s students at the College of Dentistry. He also inspected the Centre of Excellence for Dentistry at the University Dental Hospital. Sultan bin Ahmed conducted a tour of the clinic complex, familiarising himself ...

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• 30 August

  UAE restores water networks in northern Gaza

  GAZA/WAM Operation “Chivalrous Knight 3” has commenced the restoration and operation of damaged and destroyed water networks in northern Gaza. This initiative follows the signing of a Memorandum of Understanding with Gaza Municipality, as part of the UAE’s efforts to provide urgent humanitarian solutions and funding to restore the functionality of water wells and reservoirs in the northern region. Through ...

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• 30 August

  EGA posts net profit of AED 1.84 billion in H1 2024

  

  ABU DHABI/WAM Emirates Global Aluminium (EGA), the world’s largest premium aluminium producer and the biggest industrial company in the UAE outside oil and gas, today reported solid financial performance for the first half of 2024 amid sustained global demand for premium aluminium. EGA’s adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted EBITDA) was AED 4.20 billion (US$1.14 billion), compared ...

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