BRASÍLIA / WAM The UAE has participated in the final BRICS Sherpa meeting of 2025, which took place in the Brazilian capital, Brasília, to conclude Brazil’s Chairship of the group and handover to India as incoming Chair for 2026. The UAE delegation was headed by Ghada Alnabulsi, Deputy Director of Economic and Trade Affairs at the Ministry of Foreign Affairs. …
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ABU DHABI /WAM Mubadala Bio announced the opening of a high-potency facility at its subsidiary, Bioventure Healthcare, and the launch of three essential oncology medicines, some of which are being locally produced for the first time as branded generics products. The announcement marks a major step forward in strengthening the UAE’s pharmaceutical capabilities and ensuring continuous supply and access to …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to His Majesty King Hamad bin Isa Al Khalifa of Bahrain on the occasion of the Kingdom’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin …
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ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its position as a regional leader in sustainable finance after maintaining its ‘AA’ ESG rating from MSCI with an improved numerical score, and achieving a significant improvement in its Sustainalytics ESG Risk Rating, moving from a high-risk score of 30.2 to a low-risk …
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ABU DHABI / WAM The UAE government has issued a Federal Decree-Law amending certain provisions of the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporation and Businesses (Corporate Tax Law). The amendments aim to clarify the mechanism for calculating and settling corporate tax due in cases where the tax credits or other forms of relevant tax incentives …
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DUBAI / WAM Dubai International Financial Centre (DIFC) has registered its 100th hedge fund, reflecting its dominance in the sector and successful journey to becoming a top five global hub for the industry. The number of hedge fund managers doubled from 50 at the start of 2024 and 81 are billion-dollar AUM managers. During 2025, new arrivals include Baron Capital …
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SHARJAH / WAM His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah and Chairman of the Sharjah Council for Higher Education and Scientific Research (SCHESR), chaired the meeting of the Permanent Executive Committee of the Council on Monday morning. Present were HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah …
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ABU DHABI /WAM On 9th December, the Astana International Financial Centre (AIFC), together with the Embassy of the Republic of Kazakhstan to the UAE and the Embassy of the UAE to the Republic of Kazakhstan, held the “AIFC Connect: Abu Dhabi 2025” business event in Abu Dhabi. The event aimed to strengthen investment cooperation between the two countries, present Kazakhstan’s …
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ABU DHABI / WAM The UAE government has issued a Federal Decree-Law amending several provisions of the Civil Procedures Code, marking another leap aimed at developing the procedural structure of the civil judiciary and improving the quality of judicial work to meet the standards of contemporary justice. The new legislation includes regulating the direct establishment of inheritance courts through a …
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ABU DHABI / WAM Strategic Development Fund (SDF), an Abu Dhabi-based investment entity wholly owned by EDGE Group, announced the signing of an initial partnership and investment agreement with Machina Labs, a US-based leader in next-generation AI-driven manufacturing and robotics, following discussions finalised at the Dubai Airshow 2025. This collaboration establishes a framework to work towards creating a joint venture …
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