DUBAI, The Ministry of Climate Change and Environment (MoCCAE) hosted the third National Dialogue for Climate Ambition (NDCA), dedicated to the finance industry.It was held under the theme ‘Financing the transition of the UAE to net zero by 2050’, and …
Day: July 28, 2022
UAE condemns terrorist attack on Moroccan peace forces in Democratic Republic of the Congo
ABU DHABI, The UAE strongly condemned the terrorist attack against a group of Royal Moroccan Armed Forces taking part in the United Nations Stabilisation Mission in the Democratic Republic of the Congo, which resulted in the death of one soldier and th…
CBUAE imposes financial sanctions on 6 banks operating in country
ABU DHABI, The Central Bank of the UAE (CBUAE) has imposed financial sanctions on six banks operating in the UAE, pursuant to Cabinet Resolution No. 9 of 2021, implementing certain provisions of the Organisation for Economic Cooperation and Development…
Response Plus Holding reports strong performance in H1 2022 with net profit of AED20.6 million
ABU DHABI, Response Plus Holding (RPM), a subsidiary of ADX-listed Alpha Dhabi, has reported a strong performance in the half-year results ending 30th June, announcing a net profit of AED20.6 million in the first half of 2022, compared to AED12.5 milli…
Deyaar achieves increase of 196% in net profit to reach AED66.9 million for H1 2022
DUBAI, Deyaar Development, one of Dubai’s leading property developers and real estate service providers, announced its unaudited financial results for the first half of 2022. The company achieved a remarkable increase of 196% in net profit to reach AED…
UAE stands in solidarity with Pakistan, offers condolences over victims of floods and torrential rains
ABU DHABI, The UAE expressed its sincere condolences and solidarity with the Islamic Republic of Pakistan over the victims of the floods and torrential rains that struck the southwest of the country, killing hundreds of people, leading to the evacuatio…
OPEC daily basket price stands at $108.11 a barrel Wednesday
VIENNA, The price of OPEC basket of thirteen crudes stood at US$108.11 a barrel on Wednesday, compared with US$109.35 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan …
ADNOC Distribution to acquire 50% stake in ‘TotalEnergies Egypt’
ABU DHABI, ADNOC Distribution, the UAE’s largest fuel and retail distributor, today announced that it has entered into an agreement with “TotalEnergies Marketing Afrique SAS” to acquire a 50 percent stake in TotalEnergies Marketing Egypt LLC (TotalEner…
Aldar Properties net profit increase to AED1.53 billion in H1 2022
ABU DHABI, Aldar Properties Group announced that its net profit rose to AED1.53 billion in the first half of 2022, representing a year over year (y-o-y) increase of 44 percent compared to the same period last year.The company’s results announced today …
UAE, Kenya announce intent to commence negotiations on Comprehensive Economic Partnership Agreement
ABU DHABI, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Betty Maina, Cabinet Secretary, Ministry of Industrialisation, Trade and Enterprise Development of Kenya, signed a Joint Statement in Nairobi announcing the intention t…
UAE announces 1,257 new COVID-19 cases, 1,095 recoveries, no deaths in the last 24 hours
ABU DHABI, The Ministry of Health and Prevention (MoHAP) announced that it conducted 255,471 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.In a statement, the Ministry stressed its aim to continue ex…