DUBAI, The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a Memorandum of Understanding (MoU) to boost cooperation in the field of industry and advanced technology across mul…
Category: Domestic Affairs
Alpha Dhabi Holding set new profit records in 2021 at AED5.1 bn
ABU DHABI, Alpha Dhabi Holding PJSC, one of the largest and fastest-growing investment holding companies in the Middle East, announced its preliminary financial results for the full year of 2021. The company reported revenues of AED18.8 billion, reflec…
OPEC daily basket price stands at $91.84 a barrel Wednesday
VIENNA, The price of OPEC basket of thirteen crudes stood at US$91.84 a barrel on Wednesday, 9th February, compared with US$92.17 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the followi…
Abdullah bin Zayed, Malaysian FM review latest regional developments
ABU DHABI, 9th H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, discussed, with Minister of Foreign Affairs of Malaysia, Dato’ Sri Saifuddin Abdullah, the prospects of advancing cooperation between th…
Abu Dhabi Chamber, Ambassador of Oman discuss economic and trade cooperation
ABU DHABI, 9th Abdullah Mohammed Al Mazrui, Chairman of the Abu Dhabi Chamber of Commerce and Industry, has received Dr. Ahmed bin Hilal bin Saud Al-Busaidi, Ambassador of Oman to the UAE, at the Chamber’s tower in Abu Dhabi.During the meeting, which w…
Abu Dhabi Fund for Development, Indonesian Ambassador discuss potential strategic investment opportunities
ABU DHABI, 9th Mohammed Saif Al-Suwaidi, Director General of the Abu Dhabi Fund for Development, received Husin Bagis, Ambassador of the Republic of Indonesia for the UAE, at the Fund’s headquarters in Abu Dhabi.Khalifa Abdullah Al Qubaisi, Deputy Dire…
Aldar reports AED2.33 billion in net profit in 2021, an increase of 21%
ABU DHABI, 9th Aldar Properties (Aldar) today announced its preliminary financial results for the full year of 2021, reporting revenues of AED8.58 billion, up 2 percent year-on-year, a gross profit of AED3.60 billion, up 21 percent year-on-year, and a …
OPEC daily basket price stands at $92.17 a barrel Tuesday
VIENNA, 9th The price of OPEC basket of thirteen crudes stood at US$92.17 a barrel on Tuesday, compared with US$93.42 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes (ORB) is made up of the following: Sa…
Abdullah bin Zayed, FM of Pakistan discuss regional developments
ABU DHABI, 9th H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, discussed, Shah Mahmood Hussain Qureshi, Minister of Foreign Affairs of the Islamic Republic of Pakistan, the Emirati-Pakistani relation…
DP World reports strong volume growth of 9.4% in 2021
DUBAI, DP World Limited handled 77.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in full year 2021, with gross container volumes increasing by 9.4% year-on-year on a reported basis and up 8.9% on a like…
UAE climbs to 3rd globally in Agility Emerging Markets Logistics Index
DUBAI, The United Arab Emirates ranks No. 1 overall as the most competitive emerging market in GCC and No. 3 globally after only giants China and India, according to the annual Agility Emerging Markets Logistics Index.The UAE led all 50 countries in th…
Al Seer Marine owns 7.36 percent of AD Ports
ABU DHABI, Al Seer Marine has announced today a sizeable investment of 375 million equity shares (AED1.2 billion) in AD Ports Group allocated ahead of its IPO.The investment will support Al Seer Marine to generate growth in the country and the wider re…