ABU DHABI, ADNOC Drilling Company PJSC today announced its financial results for the nine months and third quarter ended 30th September 2022.ADNOC Drilling’s net profit for the nine-month period grew significantly, by 24 percent to US$568 million, whil…
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Emaar posts net profit of AED5.8 billion in first nine months of year
DUBAI, Emaar Properties has announced continued growth in the first nine-month profitability, recording a revenue of AED18.9 billion ($ 5.1 billion) supported by the uptrend of the Dubai property market and continued growth in recurring revenue busines…
UAE Ambassador meets Singaporean Minister for Trade and Industry
SINGAPORE, Jamal Abdulla Al Suwaidi, UAE Ambassador to the Republic of Singapore, met with Gan Kim Yong, Minister for Trade and Industry of Singapore, during the Singapore Week of Innovation and Technology.During the meeting, Jamal Al Suwaidi praised r…
Dubai Chambers, CDA sign MoU to share knowledge and align CSR efforts
Dubai, UAE: Dubai Chambers has signed a memorandum of understanding (MoU) with the Community Development Authority (CDA), which will see the two entities share knowledge and align efforts in the area of corporate social responsibility, in addition to m…
‘We look forward to working with UAE on COP28’: IFC Climate Business Director
SHARM EL SHEIKH, The International Finance Corporation (IFC), a member of the World Bank Group, is looking forward to working closely with the government of UAE in areas of cooperation and support ahead of hosting the Conference of the Parties to the U…
OPEC daily basket price stands at $91.32 a barrel Thursday
VIENNA, The price of OPEC basket of thirteen crudes stood at US$91.32 a barrel on Thursday, compared with US$93.22 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan Ble…
50 Days To Go For The Deadline To Achieve Emiratisation Target, Ministry Tells Companies
The Ministry of Human Resources and Emiratisation (MoHRE) has reiterated on Friday its keenness to support and empower private sector companies in the UAE and help them achieve their Emiratisation goals of 2022 with 50 days to go for the deadline befor…
DEWA commits to best international quality standards
On International Quality Day, Dubai Electricity and Water Authority (DEWA) has emphasised that its commitment to the highest quality standards has contributed to its major achievements that have made it one of the best and most efficient utilities worl…
ADIO, Noon partner on UAE’s largest e-commerce fulfilment centre facility
ABU DHABI, Noon.com announced that it will build the UAE’s largest fulfilment centre in Abu Dhabi as part of an anchor investment into the emirate’s fast-growing e-commerce space.The 252,000 square metres mega facility is the result of a partnership be…
Dubai Electricity and Water Authority PJSC 9M-2022 profit rises 21% to AED 6.47 billion
DEWA reports a record (year to date) net profit of AED 6.47bn, which is nearly at par with its full year net profit of 2021For the year 2022, DEWA will pay its shareholders AED 8.23bn in dividends (AED 6.2bn as part of dividend policy and AED 2.03 bn a…
Dubai Customs makes 590 seizures, handles 15.840m bags at Terminal 3 in 10 months in 2022
DUBAI, Dubai International Airport, Terminal 3 has completed 590 seizures in 10 months of 2022, and handled about 15.840 million bags. It has benefitted from the capabilities of smart electronic systems in place, most notably the Efficient Inspection P…
10th Dubai Precious Metals Conference to explore impact of trade, tech and regulation on sector
DUBAI, Dubai Multi Commodities Centre (DMCC) has announced that the 10th edition of the annual Dubai Precious Metals Conference (DPMC) will be held on 22nd November, 2022, at Atlantis, The Palm, Dubai.Over the last decade, DPMC has established itself a…