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Net zero transport: France’s Alstom pitches hydrogen trains for UAE’s Etihad Rail
France-based railway transport giant Alstom is in discussions with the UAE’s Etihad Rail to introduce hydrogen trains in the national railway network, a top company official said. Alstom’s GCC Managing […]
EGA, GE sign deal to upgrade gas turbines
Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, and GE Gas Power have signed an agreement to upgrade four existing GE 9F gas […]
Fifa World Cup fever: UAE-Qatar airfares jump nearly 1,900%
Airfares from the UAE to Qatar have skyrocketed ahead of the Fifa World Cup due to the strong demand expected, with economy class fares jumping by nearly 1,900 per cent. […]
UAE’s concern over the environment continues to intensify: Nahyan bin Mubarak
Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has reiterated the UAE’s concern over climate and environment, noting “a strong connection between our spiritual values and […]
EGA site recertified to Aluminium Stewardship Initiative
Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside of oil and gas, today announced that its Al Taweelah site has been recertified to the Aluminium Stewardship […]
UAE-German non-oil trade rises 10.5% to $9.5bln in 2021
The UAE has become Germany’s most important trading partner in the Middle East, said Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, adding that the […]
UAE top banks’ profits, margin levels ‘take a hit’ in Q1
The profitability of the top ten UAE banks has deteriorated marginally by 0.3% in Q1 2022 and return on asset (RoA) remained flat at 1.4% during the quarter compared […]
UAE, Ukraine leaders talk post-war reconstruction, food security
The UAE has been invited to take part in the post-war reconstruction of Ukraine by its President, Voldymyr Zelenskiy, who also discussed the possibility of the emirates providing fuel to […]
Alpha Dhabi to invest $2.5bln in Alpha Wave Ventures II Fund
Alpha Dhabi Holding, an Abu Dhabi-based investment holding company, will invest 9.2 billion dirhams ($2.5 billion) in a venture fund launched at the beginning of the year, thus becoming its […]
Ithmaar Holding’s profits down 87% in Q1-22
The net profits attributable to the equity holders of Ithmaar Holding retreated by 87.2% to $1.13 million in the first quarter (Q1) of 2022, compared to $8.86 million in the […]