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ABU DHABI/ WAM Borouge Plc has reported a net profit of $282 million (AED1.04 billion) for the quarter ended 30th September, marking a 22% increase over the previous quarter. Strong production performance, targeted cost management and revenue optimisation from its ambitious Value Enhancement Programme helped Borouge display resilience in the face of a subdued global environment and challenging polyolefins market. ...

SHARJAH / WAM Sheikha Bodour Al Qasimi, the PublisHer and Kalimat Group founder, has launched the PublisHer Excellence Awards in recognition of outstanding female publishing professionals who have made a tangible difference to the industry. Addressing the Sharjah Publishers Conference ahead of Sharjah International Book Fair, Sheikha Bodour said the awards were integral to PublisHer’s mission to celebrate female publishers ...

ABU DHABI / WAM The Edge Group will participate in Dubai Airshow 2023 as the Official Defence Technology Partner, underpinning its position as one of the leading technology groups across the defence, civil aviation, and aerospace industries, highlighting the group’s ongoing commitment to disruptive technologies and underscoring the interoperability of its highly competitive products across multiple domains. Edge will showcase ...

ABU DHABI / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR) has recently convened, during which FANR’s Director-General Christer Viktorsson briefed members of the Board on its recent regulatory activities including the oversight and inspection of the Barakah Nuclear Power Plant to ensure its compliance with FANR’s regulatory requirements. FANR presented to the board ...

ABU DHABI / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Sheikh Zayed Festival 2023 is set to take place from November 17 to March 9, 2024, in Al Wathba ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has witnessed the signing of a memorandum of understanding (MoU) between the Ministry of Interior and the National Guard Command in boosting operational coordination and internal security operations. The MoU aligns with the UAE leadership’s vision to bolster integration ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed with James Cleverly, Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom and Northern Ireland, the latest developments in the Middle East. This came during a business luncheon in Abu Dhabi, where the two top diplomats reviewed international efforts towards ...

ABU DHABI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, addressed a record number of ministers and delegations from around the world at the opening session of Pre-COP, declaring that the international community needs to unite on climate action and that “we have to come through. We must unite. We must ...

BLOOMBERG Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly speed up carbon capture projects, which could become crucial if the country is to reach its net zero ambitions. The company’s aging Morecambe gas site, off the west coast of England, wasn’t selected for a support scheme this summer that’s ...

BLOOMBERG European stocks kicked off the week with gains as Israel’s military action in Gaza proceeded more cautiously, while investors look to the Federal Reserve for direction on interest rates. The Stoxx 600 index was up 0.6% in a broad risk-on move, with almost all the sectors trading in positive territory. Oil fell as Middle East conflict remained contained as ...