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Bloomberg Ferrari NV largely met expectations with its last set of earnings before the supercar maker installs a new chief executive from outside the auto industry as it goes through a period of dramatic upheaval. Adjusted earnings before interest, taxes, depreciation and amortisation rose to 386 million euros ($459 million) during the second quarter, Ferrari said, compared with an average ...

ABU DHABI / WAM Adnoc Logistics and Services (Adnoc L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and Adnoc’s goal to maximise value from every barrel of oil it produces, processes, ships and ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decision No (26) of 2021 on the Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) and Decision No. (27) of 2021 on the Board of Trustees of the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity ...

ABU DHABI / WAM Mubadala Petroleum published on Sunday its 2020 Annual Sustainability Report, detailing the company’s approach and impact on key Environment, Social, and Governance (ESG) parameters across its portfolio of assets. As a result of a targeted strategy that embeds its footprint as a responsible, affordable, and long term provider of energy, the company has recorded a 25 ...

Bloomberg Exxon Mobil Corp’s knockout second-quarter results did little to entice investors because much of the extra cash coming from soaring energy and petrochemical prices will be used to pay down debt rather than reward shareholders. The oil giant and rival Chevron Corp swung to their biggest profits since pre-pandemic days, fuelled in large part by stellar performances from their ...

Bloomberg The final session for Malaysia’s special parliament sitting on Monday has been postponed indefinitely because of an outbreak of Covid cases, likely easing pressure on embattled Prime Minister Muhyiddin Yassin amid mounting calls for him to resign. The deferment follows an assessment by the health ministry, which found the parliament building to be at risk of a spread in ...

ABU DHABI / WAM The development and relief aid provided by the UAE to Socotra Governorate since 2015 enabled the Archipelago to overcome its many challenges and dire humanitarian conditions and helped local authorities to improve life and livelihood of the Soqotri people. The aid provided to the island from 2015 to 2021 amounted to $110 million, according to official ...

ABU DHABI / WAM The Executive Office of the Abu Dhabi Chamber’s Board of Directors has held its first meeting, which was chaired by Abdullah Mohammed Al Mazrouie, at the Chamber’s headquarters. Dr Ali Bin Harmal Al Dhaheri, First Vice Chairman, Yousuf Ali Abdul Kader, Second Vice Chairman, Masoud Rhama Al Mheirbi, Treasurer, Saeed Ghumran Al Remeithi, Deputy Treasurer and ...

DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) has announced the results of its operational performance for the first half of 2021. The free zone achieved growth in new sales revenues with an increase of 8.3%, which resulted from the rise of 24% in the leased areas compared to the same period last year. These record results are ...

DUBAI / WAM Mohammed Ibrahim Al Zarooni, Deputy Director of the Information and Digital Government Sector at the Telecommunications and Digital Government Regulatory Authority (TDRA), affirmed that the UAE is among the world’s fastest countries in deploying 5G networks, which facilitated the implementation of the latest projects across health, transport, education and logistics. In a statement to the Emirates News ...