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Abu Dhabi's ADNOC Distribution reports 22% rise in net profit for 2022

Abu Dhabi’s ADNOC Distribution reports 22% rise in net profit for 2022

The ADX-listed company reported a 15 per cent year-on-year growth in EBITDA, totalling Dhs3.52bn in 2022

Dana gas

Dana Gas reports 53% rise in adjusted net profit for 2022

Revenue rose 17 per cent to reach $529m last year, compared to $452m in 2021

ADNOC Distribution

ADNOC Distribution reports 39% rise in nine-month net profit

The company’s non-fuel transactions increased by 18 per cent during the period

Abu Dhabi Airports Groupe ADP sign MoU

Abu Dhabi Airports, Groupe ADP ink MoU to explore advanced air mobility solutions

The French company will be supporting Abu Dhabi Airports in laying the ground for electric vertical take-off and landing aircraft to transport people and cargo

126-activities-added-to-Tajer-Abu-Dhabi

Abu Dhabi’s Fertiglobe reports 84% rise in adjusted net profit for Q3 2022

The company’s Q3 2022 revenues increased 52 per cent year-on-year to total $1.32bn

Abu Dhabi Airports to introduce biometric tech

Abu Dhabi Airports to launch advanced biometric technology

The phased roll-out has begun with US flights from Abu Dhabi, offering facial recognition facility and an end to multiple passport and boarding pass checks

Oil heads for weekly advance as dollar eases, US exports boom

Crude is on course to gain in October following a run of four monthly declines

ADIB reports highest quarterly net profit for Q3 2022

ADIB reports highest quarterly net profit for Q3 2022, crossing Dhs1bn

The bank registered Dhs2.45bn in net profit for the first nine months of 2022

Abu Dhabi's ADCB reports 22% rise in net profit for first nine months of 2022

Abu Dhabi’s ADCB reports 22% rise in net profit for first nine months of 2022

The bank posted a 10 per cent rise in net interest income, totalling Dhs7.275bn

Abu Dhabi Airports launches Aviation training programme for young emirati graduates

Abu Dhabi Airports launches new initiative to train Emirati graduates

With a focus on the aviation sector, the new ASAAS programme will facilitate the recruitment, training and development of young Emirati talent

Emirates-NBD-Bank joins United for Wildlife financial taskforce

Emirates NBD joins United for Wildlife Financial Taskforce, supports fight against illegal wildlife trade

The bank joins more than 50 global peers who are members of the United for Wildlife Financial Taskforce, which is dedicated to stopping illicit financial flows associated with illegal wildlife trade

This is the memo Twitter sent telling staff offices were closed

Twitter, beIN Sports partner to share content ahead of FIFA World Cup 2022

The sports channel will share content for regional audiences across Twitter, highlighting the biggest moments throughout the football tournament

Saudi mining giant Ma’aden reports Q2 net profit increase of 265% to reach SAR4bn

Saudi mining giant Ma’aden reports H1 net profit increase of 232% to reach SAR6.2bn

The mining company reported that sales rose 95 per cent quarter-on-quarter to SAR11.9bn, bringing H1 2022 sales to SAR20.8bn, an 80 per cent improvement on H1 2021

ADNOC Distribution reports net profit of Dhs1.56bn in H1 2022

ADNOC Distribution reports net profit of Dhs1.56bn in H1 2022

ADNOC Distribution accelerated its growth strategy throughout H1 2022, with the opening of 12 new stations in the UAE

Etihad Cargo revenue in H1 2022 grows by 6 per cent

UAE’s Etihad Cargo reports 6% revenue growth in H1 2022

Cargo operations delivered revenues of $802m in the first half of 2022

ADCB-h1-2022-earnings

ADCB reports 21% rise in net profit to Dhs3.059bn in H1 2022

The bank’s half-year net profit was driven by broad-based growth in net interest income, card fees and trading income underpinned by the economy’s recovery

Etihad Airways records $296m first-half profit

Etihad Airways reports core operating profit of $296m in H1 2022, as travel demand recovers

Eithad Airways carried 4.02 million passengers in H1 2022, over 3 million more than last year, with an average seat load factor of 75 per cent

Abu Dhabi Exports Office Capital Bank of Jordan

Abu Dhabi Exports Office, Capital Bank of Jordan financial deal to boost trade

The agreement will enable the availability of credit to the tune of Dhs73.4m to enhance the UAE’s exports to Jordan

non-oil foreign trade

UAE reports nearly Dhs500bn in non-oil foreign trade for Q1 2022

The Q1 2022 figure of Dhs499.7bn marked a growth of 20.5 per cent over the same period in 2021

Abu Dhabi’s Mubadala reports 2021 as strongest financial year ever

Mubadala invested Dhs125bn in 2021 in high-growth sectors including technology, life sciences and consumer goods

ADNOC Distribution

Abu Dhabi’s ADNOC Distribution reports Dhs671m in net profit for Q1 2022

ADNOC Distribution posted a 7.8 per cent year-on-year increase in EBITDA, totalling Dhs881m

US esports academy

How athletes are gleaning support from coaching programmes at US Esports Academy

In an exclusive interview, Johan van Breda, CEO of US Esports Academy shares their current innovations in the esports infrastructure

ADCB Q1 2022 earnings

ADCB reports 32% rise in net profit to Dhs1.48bn for Q1 2022

ADCB reported that its Hayyak onboarding app registered a record number of around 57,000 new customers in a single quarter

Abu Dhabi Airports, Etihad partner for Etihad Guest’s ‘Miles on the Go’

Etihad Guest members can now earn and spend their miles when shopping at participating merchants located at Abu Dhabi International Airport

US Esports Academy signs strategic partnership with Challenger Sports

USEA will work closely with schools, universities, and community groups to help support, establish and develop their esports programmes

Oil advances as EU debates possible ban on Russian crude imports

The jump in oil is fanning inflation in economies around the world

Tradeling signs MoU with Hutchison Ports Ajman

As part of Tradeling’s offering, sellers from across the world will be able to ship and store their products cost-free at the company’s warehouses

Dubai-headquartered EX Sports launches NFT sports marketplace

For every NFT of an athlete sold on its marketplace, 80 per cent of the revenue goes directly to the sportsperson

Mubadala and AD Gaming collaborate to develop esports ecosystem in the UAE

The MoU sets a framework for both comapnies to explore routes for collaboration and action that will support the development of gaming

UAE pushes ahead with $20bn gas project to boost exports

ADNOC is among several major state oil companies increasing production of gas as consumers try to switch away from crude and coal