ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the interest rate applicable to …
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ABU DHABI / WAM Borouge Plc, a leading petrochemicals company providing innovative and differentiated polyolefins solutions, today announced a net profit of $193 million for the second quarter of 2025, exceeding market expectations. The results reflect disciplined execution of the planned Borouge 3 turnaround, with the company maintaining strong margins and healthy cash generation on the back of effective cost …
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DUBAI / WAM Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the UAE Cabinet has approved a resolution to reorganise the UAE Gender Balance Council. This step reinforces the UAE’s steadfast commitment to enhancing the participation of all community segments in the nation’s development journey, promoting equal opportunities, and solidifying …
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ABU DHABI / WAM The Creative Media Authority (CMA) has announced the completion of its tenth annual Media Summer Camp, marking a decade of inspiring and equipping the next generation of media professionals in the UAE. First launched in 2016, the initiative is a testament to the belief that developing and nurturing talent from an early age is a key …
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ABU DHABI / WAM EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, on Wednesday announced its financial results for the first half of 2025. EMSTEEL reported revenues of AED4.3 billion for the first half of 2025, marking a 9 percent increase compared to the same period last year. The Group delivered strong operational …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from the Rt Hon Sir Keir Starmer, Prime Minister of the United Kingdom. The two sides discussed developments in the Middle East and efforts to address the humanitarian crisis in the Gaza Strip. They also affirmed the two countries’ commitment to supporting …
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ABU DHABI / WAM The UAE has resumed its humanitarian airdrop operations over the Gaza Strip as part of the Birds of Goodness operations, underscoring its continued dedication to alleviating the suffering of the Palestinian people by delivering food, medical supplies, water and other urgent aid. The mission, part of the ongoing “Operation Chivalrous Knight 3”, is carried out in …
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ABU DHABI / WAM Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice and Chairman of the National Committee for Combatting Human Trafficking, has reaffirmed the UAE’s steadfast commitment to combating human trafficking, which he described as a violation of human dignity. In a statement marking the World Day Against Trafficking in Persons, observed annually on 30th July, Al …
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DAMMAM / WAM NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, has started fabrication at its advanced yard in Ras Al-Khair, Saudi Arabia. Strategically located within the Ras Al-Khair Special Economic Zone, the 400,000 square metre fabrication yard is designed to serve both offshore and onshore projects, with an annual …
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RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, today received at his palace in Saqr bin Mohammed city, Emilio Pin Godos, Ambassador of the Kingdom of Spain to the UAE, who came to greet HH Sheikh Saud to mark the beginning of his tenure. HH Sheikh Saud …
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