Adnoc Distribution reports record $1b EBITDA in 2023

ABU DHABI / WAM Adnoc Distribution on Wednesday reported robust results for 2023, recording a 4.6% year-on-year growth in earnings before interest, tax, depreciation and amortisation (EBITDA) to $1.002 billion (AED3.68 billion). With this, the Company has successfully delivered on the five-year target it communicated to the market during its first Capital Markets Day in May 2019. In addition, the ...

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World Governments Summit: A launchpad for proactive efforts to explore future tech

DUBAI / WAM The World Governments Summit (WGS) has consistently addressed the need for proactive digital adaptation by governments and institutions to build dynamic and efficient institutions that drive a brighter future for societies by embracing digital solutions, artificial intelligence (AI), and data-driven approaches. This proactive stance helps avoid being left behind in a rapidly changing global landscape. Each WGS ...

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Sharjah Ruler adjusts fishing regulations in Kalba

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Administrative Resolution No (2) of 2024 concerning amendments to fishing regulations in Kalba. The decision stipulated that fishermen in Kalba are allowed to only pass through the prohibited areas to reach the fishing areas, making it easier for them to ...

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Dubai achieves best ever annual tourism performance with international tourists growing to 17.15 million in 2023

DUBAI / WAM Dubai welcomed more tourists than ever before in 2023, attracting 17.15 million international overnight visitors over the course of the year, according to the latest data published by Dubai’s Department of Economy and Tourism (DET). Representing a 19.4% YoY growth over the 14.36 million tourist arrivals in 2022, last year’s figure also exceeded the previous record of ...

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GovTech Prize honours global solutions for challenges at WGS

ABU DHABI / WAM The ninth edition of the GovTech Prize 2024, part of the World Governments Summit (WGS), presents a unique model that celebrates the contributions of technology pioneers in providing service solutions that anticipate future challenges and enhance the quality of human life. The prize, managed by the Emirates Government Service Excellence Programme (EGSEP) at the UAE Prime ...

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EAD recognises its achievements in environmental preservation at forum

ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) hosted its annual stakeholder forum, celebrating its achievements in the field of environmental preservation while acknowledging its fruitful cooperation with key partners that helped strengthen Abu Dhabi’s global environmental conservation leadership. The forum was attended by Dr Shaikha Salem Al Dhaheri, Secretary-General of EAD, alongside a number of dignitaries, ...

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GPSSA: Social Protection Fund in Oman has made revisions

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) announced that the Social Protection Fund in Oman has made revisions to the contribution rates for Omani citizens employed in the UAE and covered by the unified extension protection system. As of January 1, the new contribution rate for Omanis covered by the extension protection system has become ...

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Multiply’s net profit excluding fair value changes hits AED1.1b

ABU DHABI / WAM Multiply Group on Wednesday reported full-year 2023 results with a net profit excluding fair value changes of AED1.1 billion, 2.4x last year. Robust underlying profit growth was led by strong operational performance, higher investment income and increased share of profit from Kalyon JV. The reported net profit, including unrealised fair value changes on the market volatility ...

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Abdullah bin Zayed receives UAE astronauts and MBRSC team

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, on Wednesday received UAE astronauts Dr Sultan Al Neyadi, Minister of State for Youth, Hazzaa AlMansoori and the team of the “Zayed Ambition 2” mission from the Mohammed Bin Rashid Space Centre (MBRSC), led by Salem Humaid AlMarri, Director-General of the Centre. During the meeting, ...

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