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DUBAI / WAM Dubai Future Foundation (DFF) on Thursday announced that Emirates Airline, Amazon, Careem, and GEMS Education have joined forces under the Gig Economy Sandbox initiative to help develop regulations that enable the development of the gig economy. The announcement was made during an event in Emirates Towers, attended by Sandbox Dubai partners and officials from local regulatory bodies ...

ABU DHABI / WAM PureHealth Holding on Thursday announced its financial results for the nine-month period ending on September 30 2024. PureHealth recorded a 56% year-on-year increase in revenue to AED19 billion, while EBITDA grew by 26% YoY to AED3.1 billion, achieving a 16.5% margin. Net profit increased by 13% YoY, reaching AED1.4 billion. Hamad Al Hammadi, Chairman of PureHealth, ...

ABU DHABI / WAM Khaled Abdullah Belhoul, Under-Secretary of the Ministry of Foreign Affairs, received a copy of the credentials of Ken Okaniwa, Ambassador of Japan to the UAE. Belhoul wished the new Ambassador of Japan success in the performance of his duties and emphasised the UAE’s keenness to enhance the relations between the UAE and Japan in all fields. ...

SHARJAH / WAM HH Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an Emiri Decree regarding the promotion and appointment of the Chairman of the Sharjah Social Services Department (SSSD). The decree stipulated that Ahmed Ibrahim Hassan Al Meel, Director of SSSD, be promoted to the rank of “Chairman of Department” under the ...

ABU DHABI/WAM The Emirates College for Advanced Education (ECAE) has strengthened its strategic partnership with Singapore’s National Institute of Education (NIE) with the signing of a new memorandum of understanding (MoU) as part of the second phase of the Strategic Framework for Educational Excellence. The signing ceremony, held at NIE’s campus, was attended by Jamal Abdulla Al Suwaidi, UAE Ambassador ...

ABU DHABI / WAM Abu Dhabi Airports on Thursday announced the full transition of the new state-of-the-art United States Customs and Border Protection (US CBP) facility to Zayed International Airport (AUH). The new Preclearance facility eliminates the need for lengthy queues upon arrival in the US, ensuring a smooth and expedited journey for all passengers when travelling to the United ...

ABU DHABI / WAM Adnoc Distribution on Thursday announced its financial results for the third quarter and the first nine months of 2024. The company reported its highest-ever nine-month EBITDA of $790 million (AED2.90 billion) and underlying EBITDA of $721 million (AED2.65 billion), implying growth of 5.9% and 11.6% year-on-year, respectively. In the first nine months of 2024, the company’s ...

AL AIN/WAM Under the patronage of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, on Wednesday attended the graduation ceremony for the 43rd class of UAE University students. In the Grand Hall of the Crescent Building on the university campus in ...

ABU DHABI/WAM Net foreign and institutional investments in equities reached AED25.6 billion during the first ten months of 2024, distributed by AED23 billion in the Abu Dhabi market and AED2.6 billion in the Dubai market. Based on official data from the Abu Dhabi and Dubai markets, foreign investors (Arabs and non-Arabs) were net buyers in the two markets worth AED22.1 ...

ABU DHABI/WAM NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients and a majority-owned subsidiary of NMDC Group PJSC (ADX: NMDC), has joined a group of 15 listed entities, known as the FADXI15, forming a Shari’ah-compliant index for global Islamic investors. This new index was launched by FTSE Russell, an ...