ABU DHABI/WAM The Central Bank of the UAE (CBUAE) today announced the key outcomes of the comprehensive proactive support package aimed at enhancing the resilience of financial institutions. The CBUAE said the total value of facilities benefiting from the package reached AED6.2 billion, including loan deferments, interest relief and fee waivers. It noted that the number of beneficiaries reached 65,379, …

ABU DHABI/WAM The Ministry of Defence announced that on 8th May, 2026, UAE air defence systems intercepted two ballistic missiles and three UAVs launched from Iran, resulting in three moderate injuries. Since the beginning of the blatant Iranian attacks targeting the United Arab Emirates, the air defence systems have intercepted 551 ballistic missiles, 29 cruise missiles and 2,263 UAVs. The …

DUBAI / GULF TIME Grovy Developers, an award-winning real estate developer in Dubai, has partnered with Wyndham Hotels & Resorts, one of the world’s largest hotel franchising companies, to launch Ramada Residences by Wyndham at Dubai Islands, in partnership with USquare as development partner. The agreement was formally signed at a full-house event attended by senior leadership from all three …

DUBAI / WAM DP World has launched a first-of-its-kind cargo war risk insurance solution to help businesses navigate disruption across Middle East trade routes, where traditional insurance has become fragmented, costly and often unavailable. The solution provides continuous coverage across the entire supply chain, from ocean or air transit through port storage and inland delivery, closing critical gaps left by …

ABU DHABI / WAM The United Arab Emirates has strongly condemned the terrorist attack on a military base in the Republic of Chad, which resulted in the deaths and injuries of dozens of members of the armed forces. In a statement, the Ministry of Foreign Affairs (MoFA) reiterated the UAE’s strong condemnation of such criminal acts and its permanent rejection …

ABU DHABI / WAM Mubadala Investment Company, an Abu Dhabi-based global investor, on Thursday announced a significant minority investment in Power Factors, a leading renewable energy management suite (REMS) provider, alongside existing investor Vista Equity Partners. Through this investment, Mubadala will enable Power Factors’ continued growth, innovation, and global expansion as a leader in the renewable energy sector. Power Factors’ …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar. At the start of the meeting, His Excellency the Prime Minister conveyed to His Highness the UAE President the greetings of His Highness …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) Group welcomed HSBC, one of the world’s largest banking and financial services organizations, as a new General Clearing Member (GCM), widening investors’ access to ADX-listed securities and the emirate’s dynamic capital markets and strengthening the efficiency and resilience of the ADX’s post trade ecosystem. HSBC is the first international bank …

ABU DHABI / WAM Solar and wind energy paired with battery storage are reliable and already today deliver cost-effective, round-the-clock electricity, according to a new report by the International Renewable Energy Agency (IRENA). 24/7 renewables: The economics of firm solar and wind confirms that in prime solar and wind regions, hybrid solutions combined with storage deliver round-the-clock power at lower …

ABU DHABI / WAM Abu Dhabi Biobank, a strategic initiative between the Department of Health – Abu Dhabi and M42, announced a strategic partnership with Human Life CORD Japan Inc (HLC), to localise the development and clinical application of umbilical cord–derived stem cell therapies in Abu Dhabi. This step represents a significant milestone in expanding access to stem cell therapies …