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  Dubai / WAM Dubai Financial Market Company announced its consolidated financial results for the first quarter of the year ending March 31, posting a 17 percent increase in its net profit to AED 27.5 million, compared to AED 23.4 million during the corresponding period of 2021. The company’s total consolidated revenue has increased by 7 percent to AED 78.6 ...

  Dubai / WAM The United Arab Emirates has announced the launch of a new space mission to the International Space Station (ISS) that will last for six months. The Mohammed bin Rashid Space Centre (MBRSC) signed a new strategic cooperation in human spaceflight with Axiom Space Inc. a leading human spaceflight and infrastructure company. His Highness Sheikh Mohammed bin ...

  Bloomberg Exxon Mobil Corp tripled its share-buyback programme to as much as $30 billion after profits surged amid Russia’s invasion of Ukraine and a rally in worldwide energy prices. The repurchases will be made through the end of next year, Exxon said in a statement. The oil giant more than doubled first-quarter adjusted net income to $8.8 billion, or ...

Bloomberg Russia’s war on Ukraine has triggered a profound reassessment in European capitals of their individual and collective relations with China. Confronted by the need to rapidly unwind a dependence on Russian energy built up over decades, government officials from Rome to Prague are re-evaluating the extent of their economic and political ties to China. Senior lawmakers in Berlin who ...

  Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR) has approved FANR’s strategy for 2023 to 2026, where it details its future roadmap in regulating the nuclear and radiological sectors in the UAE. The strategy focuses on the oversight of the safety and security of the Barakah Nuclear Power Plant, waste ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) continues to develop a world-class infrastructure supported by assets exceeding AED200 billion owned by Dewa and its subsidiaries, as well as an additional investment of AED40 billion over five years in the energy and water sectors. This helps Dewa expand its production capacity to meet the growing demand for electricity ...

  Abu Dhabi / WAM Dr Taher Al Ameri, Official Spokesman of the National Crisis and Emergency Management Authority (NCEMA), has announced the protocol for Eid al-Fitr, which covers prayers in the country’s mosques, along with precautionary measures to be implemented during this period. Dr. Al Ameri said the protocol stipulates the need to put up physical distancing stickers across ...

  Bloomberg KKR & Co agreed to acquire French solar and biomass power producer Albioma SA in a deal valued at about 1.6 billion euros ($1.7 billion), in the latest sign of investor demand for renewable energy assets. The buyout firm offered 50 euros per Albioma share, plus a cash dividend of 84 cents, according to a statement, confirming an ...

Bloomberg Germany’s parliament urged the government to quickly supply Ukraine with heavy weapons and other equipment to help its defense against Russia. The three parties in Chancellor Olaf Scholz’s coalition and the largest opposition group — which combined hold over 80% of the seats in the lower house of parliament — teamed up to support a motion in a show ...

  Ajman / WAM The total number of certificates of origin issued by the Ajman Chamber of Commerce and Industry (ACCI) during 2021 increased to 33,175, compared to 25,682 during 2020, achieving a 29 percent growth, a top official revealed. Mohamed Ali Al Janahi, Acting Director-General of ACCI, said the total value of the products, for which certificates of origin ...