SHARJAH / WAM Dana Gas on Thursday announced that its Board of Directors has approved an interim dividend payment to shareholders for the first six months of 2022 of 4.5 fils per share, equivalent to AED315 million, for distribution by the 21st of October 2022. Hamid Jafar, Chairman of the Board, commented, “Today’s interim dividend announcement reflects our ongoing ...

  ABU DHABI / WAM The central banks of Saudi Arabia, Kuwait, Qatar, and Bahrain have decided to raise their interest rates, tracking a hike in the US Fed’s benchmark rate. The move came as the US Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday- the biggest increase ...

  ABU DHABI / WAM Under the directives of HH Sheikh Khaled bin Mohamed bin Zayed, Deputy National Security Adviser, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, the Abu Dhabi Department of Education and Knowledge (Adek) has launched the Khotwa (RizeUp) scholarship programme to further enhance access to education opportunities and open new knowledge ...

  ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, welcomed the first Emirati astronaut, Hazza Al Mansoori, to a virtual discussion with employees about the uses of aluminium in space. Astronaut Al Mansoori, currently training in the United States for his next mission, shared stories from his historic 2019 ...

  ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and Metrology Organisation (JSMO) to strengthen ties around standards, regulations, conformity assessment, specifications, and national hallmarks. The MoU aims to facilitate industrial, trade and economic growth in both the UAE and Jordan. It covers the exchange of ...

  DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has organised a special workshop in Dubai to discuss the National Strategy for Nursing and Midwifery 2022-2026 and its roadmap. The five-day workshop, which was hosted by MoHAP’s National Committee for Nursing and Midwifery Affairs, aimed to develop implementation, follow-up, and evaluation methods to ensure the optimal execution of ...

  DUBAI / WAM DP World’s success in transforming from a local port operator to global logistics solutions provider, began with its inception four decades ago. It is the story of visionary leadership and talented young Emiratis who worked hard to make DP World a multinational company, while maintaining its Emirati soul. Their confidence and enthusiasm helped them achieve their ...

Russian President Vladimir Putin tripled down on the war in Ukraine in a short but defiant televised speech. Politically, he announced that a series of referendums on joining Russia would be held in the conquered territories of eastern Ukraine. Militarily, he repeated previous not-so-veiled threats to use nuclear weapons, and announced a mobilisation of 300,000 reservists to be thrown into ...

When Indonesia’s Joko Widodo visited Ukraine and Russia this summer, Foreign Minister Retno Marsudi explained the president was “choosing to try to contribute, instead of choosing to be quiet.” And yet now, with the world at a perilous juncture, he has bafflingly chosen silence. Jokowi, as the president is known, is once again sitting out the United Nations’ General Assembly, ...

  The US dollar has surged almost 14% from its low last year in trade-weighted terms. This has led to a huge terms of trade shock (the price of exports compared with the price of imports) affecting any country that imports a lot of energy, which trades in dollars. On top of that, in Europe and the UK, at least, ...