Author: dailyguardian.ae
Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, on Wednesday reported Group revenues of Dh13.7 billion for the period ending 31 March 2024, 5.3 per cent higher than the prior-year period. The rise was primarily due to the contribution from SWS Holding, which also increased adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) and net income, the company said in a statement. Adjusted Ebitda was Dh5.5 billion, 4.9 per cent higher than the prior-year period. Net income (Taqa-share) was Dh2.1 billion, a decrease of Dh9.5 billion because…
a joint venture between Tamer Group and Mölnlycke Jeddah, Saudi Arabia, 16May2024: Mölnlycke Health Care, a world leading MedTech company, has expanded its commitment to operations in the Middle East by extending its stake from 33.3% to 60% to become majority shareholder in Tamer Mölnlycke Care – a joint venture with Tamer Group, the market leader in healthcare distribution in the Kingdom of Saudi Arabia. The Tamer Mölnlycke Care joint venture was initiated in 2021 with the agreement to develop a customised surgical procedure tray factory in Saudi Arabia, with first production expected in Q4 2024. The increased investment allows…
Vacuum cleaners seems simple and they’ve been around forever. It seems like getting one on the cheap should be easy. But anyone who has ventured into a Walmart on the wrong day of the week will know better. Luckily, today is not the wrong day to be looking for a vacuum cleaner at Walmart, as the Shark Cordless Pro Stick Vacuum is over 50% off right now. The vacuum is usually $399, but you can get it right now for $169. That’s a discount of $230. Walmart reports that over 100 have been bought in just the past day, so be…
A British expatriate has filed a civil lawsuit demanding the tech giant disclose the identity of an AirTag owner, following allegations that his ex-wife used the device to secretly track his location. The case was filed after the man discovered the device hidden in his child’s toy, leading to a criminal report against the woman for breaching privacy. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The 47-year-old man said in court records that he detected an Apple AirTag concealed inside a teddy bear which his Belarusian ex-wife, 41, gave their daughters. Alerts from his…
At least 16 Sri Lankan mercenaries have been killed fighting in the war between Russia and Ukraine, the island’s deputy defence minister said Wednesday. Tens of thousands of Russian soldiers have been killed in Ukraine since the invasion began more than two years ago, and Moscow has been on a global quest for more troops. Soldiers from Sri Lanka’s regional neighbours India and Nepal have also signed up to fight since last year, with several confirmed deaths in combat from citizens of both countries. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Sri Lanka opened…
GCC countries including the UAE are leveraging the increasingly interwoven economies of Asia and the Middle East and North Africa (Mena) region to diversify and reshape their economies through investments in financial services, logistics, tourism, technology, and manufacturing, a report showed. This is among the trends highlighted by ‘The New Silk Road – growth, connection, opportunity’, a report from global management consulting firm Oliver Wyman. The New Silk Road’ extends across Asia, Middle East and North Africa, home to a population of 4.9 billion people and representing more than 40 per cent of global economy. The region is home to…
Things don’t always line up this well. The Beats Solo 4 headphones are less than a month old. We’ve got our Beats Solo 4 review ready. There’s already a sale. So, if you’ve been mulling over whether or not to buy the new Beats, let this be a positive nudge towards tapping “Buy” and getting a pair in your cart. Presently, the Beats are down 25%, arriving to a price of $150 from their usual $200. To save your $50 on the Beats Solo 4, just tap the button below. Or, keep reading to catch up on the latest about…
Foreign tourist groups on cruise ships will now be able to enter China visa-free via the country’s ports, it was announced on Wednesday. Groups consisting of two or more individuals — which are arranged or hosted by domestic travel agencies in China — are eligible for visa-free entry into the country through designated cruise ship ports in 13 cities, China Daily reported. These tourists can stay for a maximum duration of 15 days, as outlined in a statement released by the National Immigration Administration. All members of each group should travel together on the same cruise ship to the next…
A helicopter used by the Afghan air force crashed as it attempted an emergency landing in central Afghanistan on Wednesday, killing one person and injuring 12, the defence ministry said. The Mi17 aircraft encountered “technical issues” as it attempted to recover the bodies of people who had fallen into a river in the central Ghor province, Afghanistan’s Taliban-run Ministry of National Defence said in a statement. The helicopter crashed as it attempted an emergency landing, the ministry added. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The Taliban took over Afghanistan after the withdrawal of…
Gold prices continued their upward trend at the opening of the markets in UAE on Thursday, jumping Dh4 per gram in the past 24 hours. The 24K variant of the yellow metal jumped Dh0.75 per gram to Dh289.5 at 9 am UAE time as against Dh288.75 at the close of the markets on Wednesday. Similarly, the other variants were also trading higher in early trade. According to Dubai Jewellery Group data, 22K, 21K and 18K were trading at Dh268.25, Dh259.5 and Dh222.5 per gram, respectively. [Editor’s Note: For real-time gold rates, click on the widget below or visit KT’s dedicated…