ABU DHABI / WAM Abu Dhabi and Dubai Financial Markets announced the prohibition period for insider trading at public shareholding companies listed in the UAE capital markets, which will take effect on Tuesday, March 17 2020, in compliance with the applicable regulations and rules. ADX and DFM called on listed shareholding companies and brokerage companies to implement the ban until ...

DUBAI / WAM After making history last year by sending the first Emirati Astronaut, Hazaa Al Mansoori to the International Space Station, the United Arab Emirates Space programme is now fixing its focus on Mars with the Hope Mars Mission. Omran Sharaf, Project Manager of Emirates Mars Mission and Sarah bint Yousif Al Amiri, Minister of State for Advanced Sciences, ...

DUBAI / WAM The Zayed University Council held its first meeting in 2020, led by Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, President of Zayed University, at the university campus in Dubai. At the meeting, Al Kaabi greeted all members and praised their sincere work to expand the progress across various academic, research, administrative, and societal ...

ABU DHABI / WAM AbdulAziz Al Ghurair, Chairman of UAE Banks Federation (UAEBF) commended the UAE Central Bank’s decision to provide an AED100 billion stimulus package, noting that it will give a significant boost to the UAE banking sector, and have far-reaching impact on various sectors that underpin the economy. “During these times of worldwide uncertainty, taking decisive measures like ...

ABU DHABI / WAM The Authority of Social Contribution, Ma’an, and Aldar signed a strategic agreement that will see both organisations address priority social challenges through social contracting. Aldar will invest AED2 million, a demonstration of their commitment to the programme. As part of the agreement, Aldar and Ma’an will work together to build a Social Impact Bond, with the ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) announced to the investor community that the Exchange is temporarily closing its trading hall in its main offices in Abu Dhabi as well as those in the other emirates beginning March 15 and until further notice. According to a press statement, the decision was taken by ADX as “a precautionary ...

Dubai / WAM The conservation programmes and initiatives launched by the Dubai Electricity and Water Authority (Dewa) have achieved cumulative savings of 2.2 terrawatt hours (TWh), of electricity and 7.8 billion gallons of water between 2009 and 2019. The results are the equivalent of AED1.3 billion in savings and a reduction of 1.136 million tonnes of carbon emissions. Between 2009 ...

Abu Dhabi / Emirates Business Maqta Gateway, developer and operator of the first Port Community System in the UAE and a wholly-owned subsidiary of Abu Dhabi Ports on Sunday announced the launch of Industrial Zone Services through its pioneering Single Window platform, in partnership with ZonesCorp, the UAE’s largest operator of purpose-built Economic zones. A development that comes in continuation ...

Dubai / WAM The annual Consumer Price Index (CPI), rate in the emirate of Dubai dropped by 1.20 percent in February compared to the same period in 2019, according to figures released by Dubai Statistics Centre (DSC) on Sunday. The DSC monthly report noted decline in CPI was driven by the decrease in prices of housing, water, electricity, gas and ...

Bloomberg Kansai Electric Power Co selected Vice President Takashi Morimoto as the new president, replacing Shigeki Iwane, after getting a report from a committee investigating the utility’s payoff scandal. A total of 75 officials from Kansai Electric took cash and presents worth about 360 million yen ($3.4 million) from Eiji Moriyama, a former deputy mayor of the town of Takahama, ...