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ABU DHABI/ WAM Burjeel Holdings PLC announced a 15.6 percent increase in annual revenue to AED 4.5 billion, while net profit increased by 52.4 percent to AED 540 million in 2023, supported by significant revenue growth, increased operational efficiencies, and reduced financing costs. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 17.7 percent to AED 1 billion in ...

ABU DHABI/ WAM The UAE Ministry of Defence and Abu Dhabi Future Energy Company PJSC (Masdar) have signed a partnership agreement to develop multi-solar plants across Abu Dhabi. Emerge, a joint venture between the UAE’s Masdar and France’s EDF Group, will provide a full turnkey solution for the projects, including finance, design, procurement, construction, operations, and maintenance for 25 years. ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed the release of 735 prisoners from correctional and penal facilities, ahead of the start of the Holy Month of Ramadan. His Highness will also personally cover all fines and penalties imposed on the inmates, who had been sentenced to jail terms for a variety of offences.

ABU DHABI / wam The 10th session of the Abu Dhabi-Japan Economic Council (ADJEC) held Today in Abu Dhabi, emphasised the Council’s commitment to support delivering the objectives of UAE Net Zero 2050, COP28, and UN Sustainable Development Goals (SDGs). Hosted by the Abu Dhabi Department of Economic Development (ADDED) and the Japan Cooperation Center for the Middle East (JCCME), ...

DUBAI / WAM Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, held a meeting with Amina Mohamed, Deputy Secretary-General of the United Nations, at the Ministry of Finance’s Diwan in Dubai. The meeting was attended by Ali Abdullah Sharafi, Acting Assistant Under-Secretary of the International Financial Relationship Sector at the UAE Ministry of Finance, and Dr Mahmoud Mohieldin, ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, headed a high-level UAE delegation to Bern and Basel, Switzerland, where he met senior government officials and private-sector leaders to strengthen economic collaboration and foster investment flows between the two nations. The visit sought to build on growing UAE-Swiss ties, which in 2023 saw ...

ABU DHABI / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, has issued a resolution appointing Sheikh Mohammed bin Hamdan bin Zayed Al Nahyan as Under-Secretary for the office of the Deputy Ruler of Abu Dhabi.

DUBAI / WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Ministry of Human Resources and Emiratisation (MoHRE) launched the second edition of the Emirates Labour Market Award. The award is the first-of-its-kind in the UAE to honour distinguished private sector companies and workforce ...

DUBAI / WAM Nasdaq Dubai welcomed the inaugural Sukuk listing by Binghatti Holding, a leading Dubai-based property developer on the region’s esteemed international financial exchange. The debut issuance, valued at $300 million, emphasises the pivotal role of Sukuk financing within the regional financial landscape. The listing further enhances Nasdaq Dubai’s position as a premier venue, reinforcing its role in facilitating ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Tamas Sulyok on his election and taking the constitutional oath as the President of Hungary. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al ...