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‘Franchise Unites Us and Innovation Leads Us’ forum organised on June 11

ABU DHABI / WAM The Emirates Franchise Association, affiliated with the Abu Dhabi Chamber of Commerce and Industry, organised the “Franchise Unites Us and Innovation Leads Us” forum at the Chamber’s headquarters in celebration of World Franchise Day, observed on June 11. The event was held in collaboration with the Khalifa Fund for Enterprise Development and the Abu Dhabi Businesswomen ...

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Emirates forges interline pact with Bahamasair for connectivity

DUBAI / WAM Emirates and Bahamasair have signed a memorandum of understanding (MoU) to establish an interline partnership benefitting customers travelling to The Bahamas. The partnership enables Emirates to expand its reach in the Caribbean, allowing customers to utilise the services of The Bahamas’ national flag carrier from Florida to one of three destinations on the island country. Under the ...

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CMA signs AED55 million partnership with NG9 Holding

ABU DHABI / WAM The Abu Dhabi Creative Media Authority (CMA) has signed an agreement with NG9 Group, a dynamic consortium comprising Nirvana Holding, Gewan Holding, and 9Yards Group, for a multi-sector strategic collaboration. The partnership will initially deliver two feature films and a 10-episode TV series, with a total value of AED55 million (US$15 million), set for global distribution. ...

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KEZAD announces development of KEZAD Business District (KBD)

ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group, one of the largest operators of integrated and purpose-built economic zones in the region, has announced the development of KEZAD Business District (KBD), Abu Dhabi’s newest business destination. Strategically located with frontage at the gateway of the E11 arterial corridor between the capital and northern emirates, KEZAD Business ...

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ADGM FSRA implements amendments to its digital asset regulatory framework

ABU DHABI / WAM The Financial Services Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Tuesday announced the implementation of amendments to its regulatory framework for digital assets, with immediate effect. The implementation of these amendments follows extensive industry engagement and feedback received on Consultation Paper No. 11 of 2024. The focus of the implemented amendments is on revisions ...

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Nasdaq Dubai welcomes listing of $500 million AT1 Sukuk by SIB 

DUBAI / WAM Nasdaq Dubai on Tuesday welcomed the listing of a US$500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank (SIB). The perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and are compliant with Basel III regulations. The issuance attracted strong interest from both regional and international investors, providing ...

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Moscow sees rise in UAE tourists; offers tailored experiences

MOSCOW / WAM Evgeny Kozlov, Chairman of the Moscow City Tourism Committee, confirmed that the Russian capital witnessed a notable rise in the number of tourists arriving from the UAE, with 62,100 visitors in 2024 compared to 18,000 in 2019. In statements to the Emirates News Agency (WAM), Kozlov highlighted the tourism offerings available in Moscow, especially those tailored for ...

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Sharjah Executive Council reviews 2024 Endowment Trusts Account report

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Chairman of the Sharjah Executive Council (SEC), chaired the council’s meeting on Tuesday. The meeting was held at the Sharjah Ruler’s Office, in the presence of HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and ...

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