SHARM EL SHEIKH, As part of its participation in the 27th United Nations Climate Change Conference (COP27), held in the Egyptian resort of Sharm El Sheikh, the UAE Ministry of Climate Change and Environment (MoCCAE) co-hosted a fireside chat on the UAE…
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‘The Big 5’ to drive ESG-focused, net-zero targets by 2050
DUBAI, The industry’s brightest minds, disruptive thinkers, most exciting innovators, and advisors from Environmental, Social, and Governance (ESG)-focused construction businesses will gather at The Big 5, at the Dubai World Trade Centre (DWTC) from 5-…
IHC hits nine-month record profit of AED 24bn
ABU DHABI, International Holding Company (ADX: IHC), one of the largest corporate investment holding firms in the Middle East and Africa, headquartered in Abu Dhabi, announced today its financial results for the third quarter ended September 30, 2022, …
RAKEZ teams up with noqodi to offer e-wallets options, payment solutions for clients
RAS AL KHAIMAH, Ras Al Khaimah Economic Zone (RAKEZ) partnered with noqodi, a UAE-based fintech company, to extend an array of digital payment solutions to its clients.This collaboration gives businesses operating in the economic zone access to many se…
Agthia Q3 revenue grows 20% to AED 954 million
ABU DHABI, Agthia Group PJSC, one of the region’s leading food and beverage companies, today announced net revenue of AED954 million for Q3 2022, up 20% year-on-year, following the successful consolidation and integration of recent acquisitions.Group E…
AD Ports Group, Al Fanar Gas establish KEZAD Industrial Services company
ABU DHABI, Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has announced the signing of an agreement to form a joint venture between its parent company AD Ports Group, and Al Fanar Gas G…
IFFCO to develop edible oil packing plant at DP World’s Berbera Economic Zone in Somaliland
DUBAI, DP World has signed a lease and collaboration agreement with UAE-based food producer IFFCO, for an edible oil packing plant in the Berbera Economic Zone (BEZ) in Somaliland.IFFCO’s subsidiary, IFFCO Somaliland signed a 25-year lease with BEZ to …
OPEC daily basket price stands at $97.32 a barrel Monday
VIENNA, The price of OPEC basket of thirteen crudes stood at US$97.32 a barrel on Monday, compared with US$96.15 the previous Friday, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes is made up of the following: Saharan Bl…
Borouge, Abu Dhabi Medical Devices Company to establish strategic partnership to boost healthcare sector
ABU DHABI, Borouge signed a Memorandum of Understanding which established a new strategic partnership with Abu Dhabi Medical Devices Company (ADMD) to develop the medical device manufacturing industry in Abu Dhabi.ADMD is a leading local manufacturer o…
ADNIC reports net profit of AED267.6 million for 1st nine months of 2022
ABU DHABI, Abu Dhabi National Insurance Company (ADNIC) reported its financial results for the nine-month period ended 30th September 2022, announcing a net profit was AED267.6 million, net technical profit of AED173.8 million, and net investment and o…
ZU NextGen Centre collaborates with strategic government partners on research projects
DUBAI, Zayed University (ZU) hosted members of the Government of Dubai at its state-of-the-art innovation lab, ‘The NextGen Centre’, to explore opportunities to collaborate on research in innovative technologies linked to the UAE strategic priorities a…
Yahsat reports double digit revenue, EBITDA growth for 1st nine months of 2022
ABU DHABI, Al Yah Satellite Communications Company (Yahsat) today announced its financial results for the nine-month period ended 30th September, announcing revenue of AED1.2 billion, up 11% year-on-year and adjusted EBITDA of AED694 million, up 10% ye…