ABU DHABI, 11th November, 2025 (WAM) — ADNOC Logistics and Services plc today announced record-breaking financial results for the first nine months (9M) of 2025, alongside a resilient third quarter (Q3). For the nine-month period, the company’s revenue surged 39 percent year-on-year (YoY) to $3,705 million (AED13,605 million), while EBITDA rose by 30 percent YoY […]
ABU DHABI, 9th November, 2025 (WAM) — The 2025 Egyptian Super Cup, hosted in Abu Dhabi and organised by the UAE Pro League, has achieved unprecedented global success, surpassing one billion views across television broadcasts, media outlets, and social media platforms worldwide. This edition of the tournament captured the attention of football fans across the […]
DUBAI, 9th November, 2025 (WAM) — Dubai’s economy continued to maintain its strong upward momentum in the first half of 2025, surpassing projections and consolidating its position as a one of the world’s most vibrant and competitive urban economies. The emirate’s GDP grew 4.4 percent to reach AED241 billion in the first half of the […]
DUBAI, 6th November, 2025 (WAM) — Emirates Central Cooling Systems Corporation (Empower) has announced its financial results for the third quarter of 2025. The company reported a total revenue of AED2.586 billion and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of AED1.169 billion. During the first nine months of 2025, Empower’s revenue and EBITDA […]
SEATTLE, 4th November, 2025 (WAM) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s data centres in the United States. OpenAI will be able to power its AI tools using “hundreds of thousands” of Nvidia’s specialised AI chips through Amazon Web […]
ABU DHABI, 3rd November, 2025 (WAM) — Microsoft today shared details of its US$15.2 billion investment in the United Arab Emirates between the start of this initiative in 2023 and the end of the decade, in 2029. The initiative will advance the country’s artificial intelligence (AI) and cloud infrastructure, expand digital talent development and strengthen […]
ABU DHABI, 30th October, 2025 (WAM) — NMDC Group today announced a strong set of financial results for the first nine months of 2025, with revenues climbing 11 percent Y-o-Y to AED20.5 billion and net profit rising 26 percent Y-o-Y to AED2.8 billion; fueled by consistent project executions across key markets and margins expansion, with […]
RIYADH, 29th October, 2025 (WAM) — Syrian President Ahmed Al-Sharaa announced that Syria has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the United Arab Emirates, the Kingdom of Saudi Arabia, and the State of Qatar. Speaking during a panel discussion at […]
ABU DHABI, 28th October, 2025 (WAM) — Multiply Group, the Abu Dhabi-based investment holding company, reported an adjusted EBITDA of AED597 million in Q3 2025, compared to AED382 million in Q3 2024. The Group recorded a net profit of AED1.95 billion, including AED203 million in unrealised revaluation losses driven by market fluctuations and one-off transactions. […]
ABU DHABI, 28th October, 2025 (WAM) — Tabreed, the leading district cooling company, today announced the successful raising of AED1.8 billion new bank debt to support its strategic growth initiatives and optimise its capital structure. The new loan is part of Tabreed’s plans to finance the company’s capital needs and diversify its funding sources, including […]
ABU DHABI, 25th October, 2025 (WAM) — The largest edition of Global Food Week has concluded in Abu Dhabi. The Week saw historic deals reached over three days, with 58 agreements at the value of AED6.6 billion, reflecting a 6.5% increase to the previous edition. Organised by ADNEC Group, a Modon company, in partnership with […]
BRUSSELS, 24th October, 2025 (WAM) – EU countries produced last year 6.0 million tonnes of pasta, worth €9.1 billion. Compared with 2023, the value of pasta production increased by 3%, while the volume produced fell by 5%, according to figures published by Eurostat, the statistical office of the European Union, to mark the World Pasta Day, which […]
