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WFP Response to new IPC Food Security Assessment on Gaza…

ROME – The latest food security assessment on Gaza confirms the concerns of the World Food Programme (WFP) about the ongoing levels of severe hunger across the Gaza Strip and shows the critical importance of sustained access to all areas of Gaza. The Integrated Food Security Phase Classification (IPC) report on Gaza paints a stark picture of ongoing hunger, finding that 96 percent of the population is facing acute food insecurity at crisis level or higher (IPC Category 3+), with almost half a million people in catastrophic conditions (IPC Category 5).  The new report indicates a slight improvement compared to the previous assessment in March, which warned of a potential famine in Gaza's northern governorates by the end of May. The improvement shows the difference that greater access can make. Increased food ......read more

AD Ports Group Starts 2024 with Significant Financial and Operational Performance in Q1…

The Group More than Doubled its Revenue to AED 3.89 billion and increased its EBITDA 49% YoY to AED 1.04 billion Revenue more than doubled Year-on-Year (YoY) to AED 3.89 billion in Q1 2024, +22% YoY on a Like-For-Like (LFL) basis, adjusted for M&A impact EBITDA increased 49% YoY to AED 1.04 billion in Q1 2024, +20% YoY on a LFL basis EBITDA margin stood at 26.7% in Q1 2024 (vs. 38.5% in Q1 2023 and 27.1% adjusted for one-offs in Q4 2023) Profit Before Tax and Minorities reached AED 462 million in Q1 2024, +27% YoY Total Net Profit reached AED 400 million in Q1 2024, +10% YoY, and +21% YoY adjusted for the introduction of corporate income tax in the UAE Net Profit After Minorities reached AED 314 million in Q1 2024, -5% YoY  AED 1.27 billion was spent on growth Capital Expenditure (CapEx) in Q1 2024 as the Group ......read more

Mubadala Energy Announces Second Consecutive Significant Gas Discovery in South Andaman, Indonesia…

Back to Back discovery with potential for over 2 TCF of gas-in-place positions South Andaman as one of the world's most important gas plays Abu Dhabi, United Arab Emirates, 13th May, 2024 – Mubadala Energy, the international energy company headquartered in Abu Dhabi and the operator of the South Andaman Gross Split PSC, today announced another substantial gas discovery from the Tangkulo-1 Exploration well, drilled in South Andaman, about 65 kilometres offshore North Sumatra, Indonesia. The discovery marks the second deep water well operated by the company. Tangkulo-1 was drilled to a depth of 3,400 meters in 1,200 meters water depth, just a few months after the major discovery at the Layaran-1 well, also in South Andaman. The Tangkulo-1 well encountered 80 meters of gas column in a good quality Oligocene sandstone ......read more

STATEMENT BY PRINCIPALS OF THE INTER-AGENCY STANDING COMMITTEE - CIVILIANS IN GAZA IN EXTREME PERIL WHILE THE WORLD WATCHES ON: TEN REQUIREMENTS TO AVOID AN EVEN WORSE CATASTROPHE…

21 February 2024: NEW YORK/GENEVA/ROME – In the less than five months that followed the brutal 7 October attacks and the ensuing escalation, tens of thousands of Palestinians – mostly women and children – have been killed and injured in the Gaza Strip. More than three quarters of the population have been forced from their homes, many multiple times, and face severe shortages of food, water, sanitation and healthcare – the basic necessities to survive.    The health system continues to be systematically degraded, with catastrophic consequences. As of 19 February, only 12 out of 36 hospitals with inpatient capacity are still functioning, and only partially. There have been more than 370 attacks on health care in Gaza since 7 October.  Diseases are rampant. Famine is looming. Water is at a ......read more

International Pro Wrestling Championship 2024 to witness Indian and Pak wrestling heroes facing off…

Organised by the World Professional Wrestling Hub (WPWH), the free-to-attend championship will be staged at Shabab Al-Ahili Club marking the return of Sangram Singh to the ring following a six-year hiatus.   The championship will host five high-stakes wrestling match-ups featuring formidable opponents with international and Olympic medals from around the world. February 06, 2024: The 2024 edition of the International Pro Wrestling Championship is set to witness the most electrifying encounter in the wrestling arena between India's Sangram Singh, a two-time Commonwealth Heavyweight Champion and Pakistan's top wrestling titlist, Muhammad Saeed. The wrestling extravaganza of the year, taking place on February 24, 2024, at Shabab Al-Ahili Club in Dubai, promises a display of power, athleticism, and tactical prowess ......read more

ADQ's AgTech Park begins its Sustainable Agriculture Journey with Vertical Ffarming Project…

• Indoor multi-purpose vertical farming platform for fresh produce in partnership with ZERO marks the operational phase of ADQ’s AgTech Park • Project tests and adapts breakthrough technologies under local climate conditions to transform the nation’s food and agricultural landscape    Abu Dhabi, UAE – 22 March 2023: ADQ, an Abu Dhabi-based investment and holding company, announced the operational phase of its cutting-edge AgTech Park ecosystem with the launch of a vertical farming project in partnership with ZERO, a high-impact technology company headquartered in Italy. The ZERO project is the first of several controlled environment agricultural concepts that will be housed in the AgTech Park and will aim to enhance indoor farming locally, as well as explore and push the boundaries of ......read more

ADFD Delegation Visits Al Dahra Agricultural Company, discusses ways to Develop Agriculture Sector…

ABU DHABI, December 18, 2022 – A delegation from Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (ADEX), visited Al Dahra Agricultural Company in Khalifa Industrial Zone (KIZAD), one of the leading firms in the UAE’s food and agriculture sector. The delegates held a meeting with the company officials, where they explored ways to enhance cooperation and underscored ADFD’s role in supporting the effort of major national companies to access the global markets. The ADFD delegation, led by His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development and Chairman of the Executive Committee of the Abu Dhabi Exports Office, included Rashid Al Kaabi, Director of ADFD’s Investments Department; and Khalil Al Mansouri, Acting Director General of the Abu Dhabi Exports ......read more

Abu Dhabi Chamber and Norway Discuss Means of Enhancing Trade Relations…

In the presence of Ambassador of Norway to the UAE Abu Dhabi, UAE - 21 September 2022: Abu Dhabi Chamber of Commerce and Industry (ADCCI) received a high-level trade delegation from Norway. The two parties discussed bilateral cooperation and investment opportunities in Abu Dhabi in vital sectors, including energy, oil, and gas. His Excellency Mohamed Helal Al Mheiri, Director General of Abu Dhabi Chamber of Commerce and Industry, welcomed His Excellency Sten Arne Rosnes, Ambassador of Norway to the UAE, and a trade delegation at the Chamber’s headquarters. The trade delegation was led by Esben Tescom, Commercial Attaché and Regional Representative of Innovation Norway in the Middle East, and included a number of businessmen and representatives of Norwegian companies.  His Excellency Mohamed Helal Al Mheiri, Director ......read more

Abu Dhabi to host debate defining future of global space sector…

UAE- Abu Dhabi- 7 September 2022- With a growing number of young nations and the proliferation of private sector players developing space capabilities, the need for international co-operation and collaboration in the development of the space sector has never been more pressing. That’s the message behind a new global forum taking place later this year: the Abu Dhabi Space Debate. Under the patronage of UAE president Sheikh Mohammed bin Zayed Al Nahyan, the Abu Dhabi Space Debate is to take place on the 5th and 6th December 2022. Organised by the UAE Space Agency, the two-day conference is set to form an important new global forum for the space industry, nations, business leaders and policy makers to come together and forge real consensus and address the issues facing growth and innovation in space. The Abu Dhabi Space Debate ......read more

Wizz Air Announces Major Expansion in Saudi Arabia…

Over one million low fare seats on 20 routes launched from Europe to Riyadh, Jeddah, and Dammam to support Vision 2030 25, August 2022: Wizz Air, Europe’s fastest growing and most sustainable airline, is launching 20 exciting new routes from Bucharest, Budapest, Catania, Larnaca, Milan, Naples, Rome, Sofia, Tirana, Venice and Vienna to Riyadh, Jeddah, and Dammam in the Kingdom of Saudi Arabia. The airline introduces a new era of extended travel opportunities at ultra-low fares between Europe and the Kingdom to strengthen Saudi Arabia’s global connectivity.  Tickets for all routes are already on sale on wizzair.com and the airline’s mobile app, with fares starting from 54.99 €.* The new routes will majorly enhance Wizz Air’s presence in the Kingdom that will boost the growing Saudi Arabian ......read more

NLT Establishes #1 Turnkey Trucking Program With Proven Success For Investors…

Atlanta, GA: Seeking the perfect investment opportunity? Look no further! The Next Level Trucking Program continues to exceed investor expectations in trucking with over 4 years of proven success - even through a pandemic. In fact, Next Level saw its highest year in 2021, with some of its top trucks bringing in over $320k annually. As it stands, based on top data and analytic providers, there are an average of 8-15 available loads per active truck in the United States at all times, and the demand is only rising. A spokesperson for the company states: “Trucks are the backbone of the American economy, garnering over $700 billion each year and the demand for trucking has no ceiling.” By investing in the program, interested parties can own their trucks while reaping the benefits of freight-hauling under a trucking company ......read more

ADQ to Expand its Food & Agriculture Portfolio by Acquiring Significant Stake in Global, Fresh Fruit Leader, Unifrutti…

• Unique investment in a leading global player in fresh fruit and vegetables production, sourcing, trade and distribution  • Strategic investment will accelerate Unifrutti’s global growth strategy    Abu Dhabi, UAE –  31 March 2022:  ADQ, an Abu Dhabi-based investment and holding company, today announced it has entered an agreement to acquire a majority equity stake in Unifrutti Group (“Unifrutti”), a leading global producer and distributor of high-quality fresh produce, from existing shareholders.  Unifrutti is a global champion in the production, trade and distribution of more than 100 varieties of fresh produce including apples, bananas, cherries, grapes and citrus fruits. With approximately 560,000 tons of fresh fruit sold annually and more than 14,000 ......read more

Environment Agency – Abu Dhabi and ENGIE Use Drone Technology in Mangrove Rehabilitation Project…

Abu Dhabi - November 17, 2020:  The Environment Agency – Abu Dhabi (EAD) is partnering with the global utility company ENGIE who is sponsoring the launch of the first phase of the “Blue Carbon” Environmental and Social Responsibility project that uses drone technology to help in rehabilitating areas of Abu Dhabi’s mangrove habitats, demonstrating the benefits of government and the private sector working together to preserve our environment. This pioneering initiative will use specialized, custom UAE-built drones and rigging to plant thousands of mangrove seeds near ENGIE’s Mirfa plant in Abu Dhabi, as well as monitor their growth over the year.  Mangroves are abundant along the coastline of the emirate of Abu Dhabi and are vital in the storage of blue carbon - the term for carbon captured by ......read more

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