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Al Mal Capital REIT launches rights issue on March 4

DUBAI / WAM Al Mal Capital REIT, listed on the Dubai Financial Market (DFM), is launching a rights issue on March 4, the fund said in a statement. “This significant rights issue is an important step in our journey to generate consistent and sustainable value for investors, solidifying our position as a leading real estate asset manager and investor in ...

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COP28 launches ‘The COP Presidencies Troika’ in partnership with COP29, COP30

DUBAI / WAM COP28 today launched a partnership with Azerbaijan and Brazil, who will host COP29 and COP30, respectively, to improve cooperation and continuity between current and future COP Presidencies, leading to increased climate action in support of “Mission 1.5°C”. The partnership, known as The COP Presidencies Troika, marks the first time that a current COP Presidency has been formally ...

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UAE is an exceptional economic leader in Middle East: Cormann

DUBAI / WAM The UAE is a very important economic leader and has performed exceptionally well in driving economy and governance, innovation and as a key strategic hub economy across the broader Middle East, said Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD). In statements to the Emirates News Agency (WAM) on the sidelines of the ...

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WGS, a crucial platform for addressing global challenges: US-UAE Business Council chief

DUBAI / WAM Danny Sebright, President of the US-UAE Business Council, stressed the significance of the World Governments Summit (WGS) as a pivotal forum uniting global thought leaders and decision-makers. Speaking to the Emirates News Agency (WAM) during the summit, Sebright highlighted the imperative for governments to collaborate with the private sector and civil society in addressing pressing global challenges. ...

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Mohammed bin Rashid meets with President of World Bank Group at WGS 2024

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today met with Ajay Banga, President of the World Bank Group (WBG), on the first day of the World Governments Summit (WGS) 2024. The meeting was held in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince ...

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UAE President offers condolences over martyrdom of Mohamed Al Mansouri

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan extended his condolences today over the martyrdom of Staff Colonel Mohamed Mubarak Al Mansouri, a member of the UAE Armed Forces, who tragically lost his life in a terrorist act in the Federal Republic of Somalia along with several of his comrades while on duty training the ...

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WGS 2024: DEWA highlights future of energy sector, showcases net zero by 2050 efforts

DUBAI/ WAM Dubai Electricity and Water Authority (DEWA) is the Sustainable Energy Partner of the World Governments Summit (WGS) 2024, which is taking place from 12th-14th February under the theme ‘Shaping Future Governments’. In a keynote speech titled ‘Global Energy Transitions’, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will talk about the main factors impacting energy markets, effective ...

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ADNOC Drilling announces 2023 net profit of over $1 billion

ABU DHABI/ WAM ADNOC Drilling Company PJSC today announced its financial results for the fourth quarter and full year ending 31st December 2023. Revenue for the full year was US$3.057 billion, up 14 percent year-on-year, while EBITDA for the full year increased by 20 percent to US$1.483 billion with industry-leading EBITDA margin of 49 percent. ADNOC Drilling announced that the ...

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