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Abu Dhabi’s International Holding Company reports Dhs3bn net profit for 2020
Abu Dhabi-based investment company International Holding Company (IHC) has reported a net profit of Dhs3bn for 2020, a six-fold, year-on-year increase. It attributes the rise in net profits to a series of acquisitions as well as organic growth across its diversified portfolio. IHC reported annual revenues of Dhs7bn, compared to Dhs1.26bn in 2019. The verticals […]
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UAE: Toward the next 50 years under leadership of Sheikh Mohammed bin Rashid and Sheikh Mohamed bin Zayed
Dubai: The UAE government will hold a ministerial retreat on Tuesday to discuss the country’s priorities for the next 50 years, Emirates News Agency (WAM) reported today. Twitter of Shaikh Mohammed bin Rashid The retreat will be chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; […]
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Abu Dhabi targets hydrogen as fuel for future export
Agreement between UAE capital’s three government-backed entities aims to transform the emirate into an exporter of blue and green hydrogen Three of Abu Dhabi’s biggest government-backed companies agreed to work together to turn the oil-rich emirate into an exporter of blue and green hydrogen. Mubadala Investment Co., Abu Dhabi National Oil Co. and ADQ have […]
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