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ABU DHABI/WAM NMDC Group, specialised in engineering, procurement, construction, and marine dredging, today disclosed its financial results for the first half of 2024. The Group reported a 79% increase in revenues, reaching AED12.126 billion, compared to AED6.765 billion in the same period last year. Reflecting the strong growth in its strategic projects, NMDC Group reported a 66% increase in net ...

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received today at his palace in the Saqr bin Mohammed City, Dmytro Senik, Ambassador of Ukraine to the UAE, who came to greet him. The RAK Ruler welcomed Ambassador Dmytro Senik and discussed with him aspects of enhancing cooperation ties with ...

ABU DHABI/WAM The UAE’s economy is expected to grow by 3.9 percent in the current year, 2024, rising to 6.2 percent in 2025, according to the Arab Monetary Fund (AMF). In its Arab Economic Outlook report issued today, the AMF stated that the expected growth of the UAE’s economy this year is driven by continued improvements in tourism activity, real ...

ABU DHABI/WAM First Abu Dhabi Bank (FAB) has delivered record financial results for the first half of 2024, with a net profit of AED8.4 billion, and revenue of AED15.7 billion, a growth of 16 percent year-on-year (YoY), underlining the bank’s consistent growth trajectory.Profit before tax grew 15 percent YoY to AED10.0 billion, while net profit for the second quarter of ...

ABU DHABI/AD MEDIA OFFICE His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs, has chaired the inaugural meeting of the Smart and Autonomous Systems Council at Qasr Al Watan. At the outset of the meeting, His Highness welcomed the council members and conveyed his hopes for their success in fulfilling ...

ABU DHABI/GULF TIME Emirati artist Khaled Al Jaberi, who has contributed to the local landscape of cartooning, comedy, literature and cinema, wants to recreate other landmarks across the emirates in his forthcoming work canvas. Al Jaberi has created the designs for The Coffee Club’s ‘Bean Here’ Ceramic Mugs Collection, which is a tribute to the iconic landmarks of Abu Dhabi ...

CAIRO/WAM Dragon Oil, fully owned by the Government of Dubai, has inaugurated the AI Retreat to study the development of the Morgan and Badri fields using AI technology in Egypt. The opening ceremony was attended by Fareed Al Hashmi, Chief Operating Officer of Dragon Oil (Egypt and Iraq), along with several officials from the Egyptian Ministry of Petroleum and Mineral ...

ABU DHABI/WAM UAE  President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolence to Ferdinand R. Marcos Jr., President of the Republic of the Philippines, on the victims of the floods caused by Typhoon Carina, which swooped the Philippines and resulted in several casualties and injuries, wishing the injured a speedy recovery. His Highness Sheikh ...

DUBAI/WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, said the UAE’s government system has made exceptional progress that has positively impacted various development sectors, particularly those dealing with the direct services offered to UAE citizens. He applauded the Government’s continuous efforts to fulfill the vision of President His ...

ABU DHABI/WAM The Abu Dhabi Chamber of Commerce and Industry has announced the inauguration of the Abu Dhabi Youth Business Council (ADYBC), in a strategic move aimed at fostering the involvement of Emirati youths in driving economic development locally and internationally by harnessing their innovative ideas and creative capabilities. The Council, which is comprised of an elite of ambitious entrepreneurs, ...