Big Bitcoin miners aren’t immune to need for cash

  Bloomberg A pair of big Bitcoin miners are poised to sell their stock in the face of a drop in token prices that has led other miners to trade in some their Bitcoin holdings. Marathon Digital Holdings Inc. and Hut 8 Mining Corp. have both filed with the Securities and Exchange Commission for the option to sell company stock ...

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Emaar Development records $7.47b highest ever sales in ’21

  DUBAI / Gulf Time Emaar Development PJSC, the leading build-to-sell property development business, majority-owned by Emaar Properties, achieved robust performance during 2021 (January to December). The developer reported its highest ever property sales of AED27.440 billion ($7.471 billion) in 2021, an increase of 335 percent compared to 2020. This performance was a result of Emaar’s concerted focus on inventory ...

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ERC’s winter aid drive benefits 1.2mn people

  Abu Dhabi / WAM Upon the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), 1.2 million people are benefitting from the ERC’s winter aid campaign. The ERC has intensified its humanitarian and relief efforts to support people affected by harsh weather conditions in affected ...

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Masdar plays key role in promoting sustainability

  Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar) plays a crucial role in supporting the UAE leadership’s vision to promote relevant initiatives and innovation. Since its establishment in 2006, the company has supported the UAE’s efforts to promote sustainability and climate action. Masdar has exerted significant efforts to boost innovation for over 15 years. It has ...

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Apollo to invest in Aldar through landmark $1.4 billion transaction

  Abu Dhabi / WAM Aldar Properties and Apollo Global Management (Apollo), one of the world’s largest alternative investment managers, signed a landmark commitment that will see Apollo-managed funds and clients invest a total of $1.4 billion in strategic capital in driving Aldar’s transformational growth initiatives. The commitments are structured into a $500 million to invest into a land joint ...

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Yahsat signs $247.5 million deal with UAE government

  Abu Dhabi / WAM Al Yah Satellite Communications Company, the UAE’s flagship satellite solutions provider, on Monday announced that its government arm, Yahsat Government Solutions (YGS), has been awarded a AED909.5 million ($247.5 million) mandate to provide enhanced managed services to the UAE government for its satellite communications capabilities. The agreement augments the previous operations and maintenance services provided, ...

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Air Arabia sees record profit of AED720 million

Sharjah / WAM Air Arabia on Monday announced a record financial results for the fourth quarter and for full year ending December 31, 2021, despite the prevailing impact of Covid-19 pandemic that continued throughout the year. “Air Arabia reported a net profit of AED720 million for the 2021, a rise of 475% compared to AED 192 million net loss registered ...

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Sheikh Mohamed, Turkish president review regional, global developments

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of the Republic of Turkey, Recep Tayyip Erdogan, have reviewed the prospects of further consolidating bilateral relations and advancing cooperation and joint work between the two nations in various fields in ...

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Masdar plays key role to promote sustainability and climate action

  Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar) plays a crucial role in supporting the UAE leadership’s vision to promote relevant initiatives and innovation. Since its establishment in 2006, the company has supported the UAE’s efforts to promote sustainability and climate action. Masdar has exerted significant efforts to boost innovation for over 15 years. It has ...

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Second ERC aircraft with 40 tonnes of aid arrives in Mogadishu

  MOGADISHU / WAM A second humanitarian aircraft, which is part of the air bridge of the Emirate’s Red Crescent (ERC), travelled to Mogadishu to provide aid to Somali people affected by drought, upon the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, with ...

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