CAIRO/ WAM AD Ports Group (AD Ports) today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Seaport. Following the Government of Egypt’s approval, this significant milestone reaffirms the strong trade ties between the UAE and the Arab Republic of Egypt. The ...

DUBAI/ GULF TIME Al Amal Holdings announced its latest global expansions during its annual ceremony held at the Habtoor Hotel, attended by a distinguished gathering of sheikhs, prominent personalities, numerous journalists, and individuals interested in the commercial and industrial sectors.The event commenced with the national anthem of the United Arab Emirates and a selection of uplifting songs suitable for the ...

ABU DHABI/ WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Miral and teamLab have announced the completion of 70 percent of the overall development of teamLab Phenomena Abu Dhabi. Spanning 17,000 sqm of gross floor area (GFA), the mega-project is making steady progress towards its development, with its reinforced concrete structure fully complete, further to ...

ABU DHABI/ WAM The Ministry of Economy launched a unified registry for family businesses, highlighting four new cabinet resolutions that will enhance the governance of family companies and support the competitiveness of the legislation governing the sector in the country. The initiative is also aimed at ensuring family businesses’ sustainability and leadership in accordance with a clear vision to solidify ...

ABU DHABI/ WAM The Emirates Red Crescent (ERC) launched a humanitarian aid convoy for Gaza Strip, part of their winter campaign named “Be Their Warmth”. Around 1.65 million winter clothing items and blankets were included in the convoy to alleviate the suffering of the Palestinian people. The Head of the ERC delegation in Gaza, Mohammed Omar Al Shimmari, highlighted the ...

DUBAI/ WAM H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the National Olympic Committee, today received Battushig Batbold, President of the Mongolian National Olympic Committee. The meeting, at the Emirates Towers, centred around ways of enhancing cooperation and bilateral relations besides initiatives to advance the Olympic movement in the two countries. ...

SINGAPORE / WAM Gold prices settled on Wednesday, amid low trading volume and expectations of the Federal Reserve System of the US reducing interest rates in the first quarter of 2024 and the general weakness of the dollar. The price of gold stabilised in spot transactions at $2066.86 per ounce. US gold futures rose 0.4% to $2078.20 per ounce. Gold ...

BLOOMBERG Shares in Europe rose after a holiday break, tracking gains in Asia and on Wall Street as investors bet that the Federal Reserve will cut interest rates as early as March. The Stoxx Europe 600 climbed 0.3% in early trading. Technology stocks were among the biggest gainers as Prosus NV rebounded from a slump triggered by a selloff in ...

BLOOMBERG The Philippines on Wednesday received bids from four groups for a 170.6-billion peso ($3 billion) contract to upgrade and operate its main airport in Manila. The groups that submitted bids were Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium and SMC SAP & Co Consortium, Transportation Secretary Jaime Bautista said before opening the offers. The concession period ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP), in collaboration with the World Health Organisation (WHO), has hosted a three-day workshop aimed at bolstering Noncommunicable Disease (NCD) surveillance systems, enhancing the quality of life and combatting NCDs. The workshop also focused on fostering a shared comprehension of NCD surveillance concepts, establishing comprehensive reporting mechanisms for noncommunicable diseases and ...