The Emirates Group achieved record annual profits amounting to 18.7 billion dirhams (5.1 billion US dollars), a growth of 71% compared to the previous year’s profits amounting to 10.9 billion dirhams (3 billion dollars).
Category: Economy
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DEWA’s R&D Centre publishes 221 scientific, research papers in international forums by end of 2023
Dubai Electricity and Water Authority (DEWA)’s Research and Development (R&D) Centre published 73 Scopus-indexed scientific and research papers in 2023 in several international scientific conferences, peer-reviewed journals, and periodicals. This brings the total of scientific and research papers published by the centre to 221 until the end of last year.
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CEPAs play key role in surging FDI inflows to UAE: ADIO official
The UAE is attracting an increasing flow of foreign direct investment (FDI), driven by several factors, among which a network of Comprehensive Economic Partnership Agreements (CEPAs) with global partners is particularly significant, according to Massimo Falcioni, Chief Competitiveness Officer (CCO) at Abu Dhabi Investment Office (ADIO).
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Tokyo stocks rise in morning
Tokyo stocks were modestly higher on Thursday morning, reported Kyodo News.
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Minister of Energy and Infrastructure tours rain-affected areas
Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, toured a number of areas, federal roads, and dams on the eastern coast that were affected by the unprecedented rainfall the UAE experienced in April.
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Presight partners with ADNOC and acquires AIQ
Presight recently announced its acquisition of a controlling stake in AIQ, the AI for Energy joint venture established in 2020 by ADNOC and G42.
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First wind turbine installed at Baltic Eagle offshore wind farm
The first of a total of 50 wind turbines has been successfully installed at the 476MW Baltic Eagle offshore wind farm, a joint venture between Abu Dhabi Future Energy Company – Masdar, the UAE's clean energy powerhouse, and Iberdrola, a world-leading clean energy company.
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UAE, Jordan agree to enhance recognition of seafarers’ certificates of competence
The Ministry of Energy and Infrastructure (MoEI) and Jordan's Ministry of Transport signed a Memorandum of Understanding (MoU) to drive cooperation, capacity building, and knowledge exchange and enhance mutual recognition of seafarers' certificates of competence.
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Hanoi attracts over US$1.1 billion in FDI in four months
Hanoi, the capital of Vietnam, attracted more than US$1.13 billion of foreign direct investment (FDI) in the first four months of this year, with 73 new projects worth over US$1 billion and 47 projects permitted to increase a combined investment capital of US$79 million.
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ADNOC signs third long-term Heads of Agreement for Ruwais LNG project
ADNOC announced today the signing of a 15-year Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).