Brent crude oil prices, which are used for gas pricing, decreased by nearly 31 per cent during the period under review UAE’s ADNOC Gas said its half-year income plunged by 12 per cent year-on-year (YoY) to $2.3bn (Dhs8.4bn) from $2.6bn a year ago due to lower pricing. The company...

The healthcare services provider’s H1 revenues surged by 13.9 per cent year-on-year to Dhs2.2bn, driven by an increase in patient footfall Abu Dhabi-based hospital operator Burjeel Holdings has reported a 47 per cent increase in half-year net profit to $61.3m (Dhs225m), driven by...

The first gas from Absheron was successfully delivered in early July 2023 Abu Dhabi National Oil Company (ADNOC), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies have announced a strategic transaction that will see ADNOC acquire a 30 per cent equity stake in the Absheron...

The conglomerate said its revenues surged by 30.8 per cent year-on-year to Dhs28.7bn as the company sustains its growth trajectory Abu Dhabi-based International Holding Company (IHC) said its half-year net profit rose to $2.8bn (Dhs10.4bn) accompanied by a net profit margin of 36.3 per...

The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region Abu Dhabi’s ADQ and IHC Capital Holding have submitted an offer to Q Holding to combine ADQ’s 100 per cent shareholding of Abu Dhabi National Exhibitions...

The government reportedly plans to sell shares in the taxi business as soon as this year, while the parking unit’s listing is slated to follow next year Dubai’s Roads & Transport Authority (RTA) has selected Citigroup, Bank of America and Emirates NBD Capital to work on the planned...

The telecom company announced it was acquiring 63.3 per cent of the peer-to-peer lending platform in May e& enterprise, part of e&, has successfully completed the acquisition of 63.3 per cent of peer-to-peer digital lending platform Beehive for $23.6m, it stated on Tuesday in a...

Sheikh Mohamed’s trip is intended to bolster long-standing ties between the UAE and Jordan The UAE’s President Sheikh Mohamed bin Zayed Al Nahyan arrived in Jordan on Wednesday for an official visit. He was received by Jordanian King Abdullah II and Crown Prince Hussein bin Abdullah at...

The system’s AI algorithms are designed to detect and track vehicles and other road users approaching the pedestrian crosswalk Dubai Silicon Oasis (DSO), a member of the Dubai Integrated Economic Zones Authority (DIEZ), and Derq, a developer of artificial intelligence (AI) analytics...

The expansion plan includes the establishment of Cranleigh Bahrain and the acquisition of Kent College Dubai and Virginia International Private School in Abu Dhabi UAE’s Aldar Properties will invest over $95.3m (Dhs350m) in its education portfolio, in addition to the initial Dhs1bn...