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Global wealth hit record high of $530trn in 2021

Bloomberg Global wealth rises 10.6% last year to reach a record high of $530 trillion in 2021 and is set to continue rising in all regions despite inflationary pressures and Russia’s invasion of Ukraine. Strong equity markets and a surge in demand for real assets such as property and art drove the increase, according to a report by Boston Consulting ...

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UAE boosts ties with South Korea, advances strategic partnerships

  Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change, held a series of high-level meetings with government and business leaders in South Korea to strengthen bilateral ties and drive opportunities for low-carbon economic growth. During the two-day official visit, which concluded on Wednesday, Dr. Al Jaber ...

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UAE prioritises food security in its development plans

  Dubai / WAM Dr Tarifa A. Alzaabi, Acting Director General of the International Centre for Biosaline Agriculture (ICBA), said the UAE is prioritising food security in its development plans and aims to utilise the latest technologies to increase production and address related challenges. She then expressed her appreciation for the visit of President His Highness Sheikh Mohamed bin Zayed ...

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AFZ warehouses receive Leed gold certification

  AJMAN / WAM Ajman Free Zone (AFZ) eco-friendly zone warehouses have received the Leadership in Energy and Environmental Design (Leed) gold certification after fulfilling all the requirements prescribed within the Leed rating system as created and maintained by the US Green Building Council. The Leed certification programme is administered by the Green Business Certification INC. The criteria for achieving ...

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UAE President, Israeli PM discuss cooperation paths

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received on Thursday Prime Minister of Israel Naftali Bennett at Al Shati Palace. At the start of the meeting, His Highness Sheikh Mohamed bin Zayed welcomed Bennett who offered his condolences to him and the Emirati people on passing of Sheikh Khalifa bin Zayed Al Nahyan. He ...

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Dubai’s Tecom group offers 625 million shares on DFM

  Dubai / WAM Tecom group, a member of the Dubai Holding group, on Thursday announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). Tecom is the owner, manager and operator of 10 strategic, sector-focused business districts across Dubai and a major contributor to ...

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UAE prioritises food security in its development plans: ICBA

  Dubai / WAM Dr. Tarifa A. Alzaabi, Acting Director General of the International Centre for Biosaline Agriculture (ICBA), said the UAE is prioritising food security in its development plans and aims to utilise the latest technologies to increase production and address related challenges. She then expressed her appreciation for the visit of President His Highness Sheikh Mohamed bin Zayed ...

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UAE has become a globally trusted energy supplier: Al Mazrouei

  Amman / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the UAE, under the directives of its wise leadership, is continuing its pioneering efforts to forecast the future of the energy sector, in cooperation with its global partners, and has become a globally trusted energy supplier. He made this statement during his participation as ...

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Etihad Airways wins Apex’s ‘passenger choice award’

  Abu Dhabi / WAM Etihad Airways has been recognised in the Airline Passenger Experience (Apex) Passenger Choice Awards in a glittering awards ceremony in Dublin, Ireland, on Wednesday. The UAE’s national airline took home the 2022 Passenger Choice Award for Best Entertainment in the Middle East. On Etihad’s E-BOX entertainment offering, guests will find over 200 movies, more than ...

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UAE sees 712 new recoveries from Covid-19

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 286,851 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Thursday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the ...

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