UAE economic growth to lead region in 2025, says IMF

DUBAI/ WAM Dr Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), affirmed that the UAE economic growth is projected to lead Gulf Cooperation Council (GCC) countries in 2025, primarily driven by the non-oil sector. In statements to Emirates News Agency (WAM) on the sidelines of a conference organised by the Dubai ...

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Etihad Airways, Vietnam Airlines strengthen cooperation

ABU DHABI/ WAM Etihad Airways and Vietnam Airlines are set to work towards a collaboration for the benefit of their customers after signing a memorandum of understanding for a potential agreement. The MoU reflects a dedication to exploring an enhanced working relationship, where the airlines plan to implement a broad collaboration including a codeshare, reciprocal loyalty programmes, cargo transport, maintenance, ...

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UAE appointed member of Commission on Safety Standards of IAEA

ABU DHABI / WAM The International Atomic Energy Agency (IAEA) has recently appointed the United Arab Emirates as a member to the Eighth Term of its Commission on the Safety Standards (CSS). Sara Al Saadi, Director of Nuclear Safety Department at the Federal Authority for Nuclear Regulation (FANR), the UAE’s nuclear regulator, will represent the country in the committee. Comprising ...

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Under the patronage of UAE President, Sheikh Zayed Festival commences today

ABU DHABI/ WAM Under the patronage of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, with follow-up by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and supervision by Sheikh Sultan bin Hamdan Al Nahyan, Adviser to the UAE President and Chairman of Sheikh Zayed Festival’s Higher ...

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Sharjah National Oil Corporation to showcase innovations at Adipec 2024

SHARJAH / WAM The Sharjah National Oil Corporation (SNOC) is participating in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2024, which will be held from November 4 to 7 at the Abu Dhabi National Exhibition Centre (ADNEC). This event is considered one of the most influential events in the energy sector globally. This year’s conference will explore the ...

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Alef Education posts revenues of AED551mn by September

ABU DHABI / WAM  Alef Education Holding has announced its financial results for the period ending on September 30 2024. It marks Alef Education’s second set of results since its successful IPO in June 2024. Alef Education reported an 8 percent increase in adjusted profit before tax to AED379 million, driven by a solid revenue foundation from long-term contracts and ...

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DFF broadens Gig Economy Sandbox with industry giants

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 ...

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PureHealth posts AED1.4 billion net profit in 9 months

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, ...

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