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ABU DHABI / WAM Adnoc Drilling Company on Friday announced financial results for the first half and second quarter of 2023. The company’s strategy of expanding both fleet and service offering has driven net profit to $446 million, a significant increase of 18% year-on-year during the first half of 2023. Adnoc Drilling’s first half revenue increased to $1.4 billion, up ...

NEW YORK / WAM The threat of famine, with people slowly starving to death, must be considered a red line for international peace and security, the UN Famine Prevention and Response Coordinator, Reena Ghelani, said, warning that warring groups deliberately use hunger as a tactic of war. Globally, over 250 million people suffered acute hunger in 2022, the highest in ...

ABU DHABI / WAM The Abu Dhabi Health Services Company (Seha), a subsidiary of PureHealth, and Sanofi, have entered into a collaboration agreement, to enhance diagnostic performance and accuracy in the field of rare diseases. The agreement will particularly focus on expediting the screening process for lysosomal storage disorders (LSDs) and reducing the average diagnostic journey for rare disease patients. ...

ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies on Friday announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea. Adnoc’s investment into the Caspian region aims to create a substantial growth position as it ...

ABU DHABI / WAM Chinese media will actively participate in the upcoming Global Media Congress in Abu Dhabi, which will explore the media of the new era and convey the common values and ideals of humankind through technology, innovation, and win-win collaboration, a top Chinese diplomat told the Emirates News Agency (WAM). “China strongly supports the UAE in successfully holding ...

LIMA / WAM Mohammed Abdullah Al Shamsi, the UAE ambassador to the Republic of Peru, has attended a reception hosted by Dina Boluarte, President of Peru, at the Presidential Palace on the occasion of Peru’s Independence Day. Al Shamsi conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

SHARJAH / WAM Arada has awarded a major contract to build Nasaq District, a cluster of six upscale apartment buildings located within the master plan of Sharjah’s largest mixed-use community, Aljada. Valued at AED395 million, the contract to build Nasaq District was awarded to Gulf Asia Contracting Company LLC (GAC). Construction work on Nasaq Distict will begin immediately and is ...

ABU DHABI / WAM Saeed Ghumran Al Remeithi, Group CEO of Emirates Steel Arkan, said the group’s financial performance in the first half of 2023 was successful despite the industrial sector’s challenges. He attributed the company’s success to a rise in demand from local markets, which accounted for 55 percent of the company’s iron sales. In his statement to the ...

ABU DHABI / AD Media His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has inaugurated the 4th IMMAF Youth World Championships, being held in Abu Dhabi under His Highness’ patronage from August 2-5 at Mubadala Arena in Zayed Sports City. His Highness presented medals to the ...

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, said on Twitter, “The 9th anniversary of the crimes committed by the Daesh terrorist group against the Yazidis and others in Iraq is a painful reminder of the importance of embracing peaceful coexistence and rejecting all forms of discrimination based on religion or sect or ethnicity.”