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ABU DHABI / WAM Borouge Plc has reported a 37% year-on-year (YOY) increase in first-quarter net profit to $273 million on stronger pricing premia driven by a focus on high-value product segments and cost efficiencies. The company continues to demonstrate a significant competitive advantage in key growth markets in Asia Pacific, the Middle East, and Africa thanks to its premium ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received on Tuesday at his palace in the Saqr bin Mohammed City, Faisal Niaz Tirmizi, Ambassador of the Islamic Republic Pakistan to the UAE, who came to greet him. The RAK Ruler welcomed Ambassador Tirmizi and discussed with him ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, presided over the swearing-in ceremony of five judges newly appointed to the Dubai Courts. During the ceremony that took place at Emirates Towers in Dubai, His Highness Sheikh Mohammed wished the newly appointed members of the judiciary ...

DUBAI/ WAM DP World is bolstering trade and logistics connectivity in Southeast Asia through a series of strategic investments that expand its presence and enhance supply chain management across the region. Last week, Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO, toured the region, signing a significant partnership agreement in Malaysia and opening two new facilities in the ...

ABU DHABI/ WAM S&P Global Ratings, the global credit rating agency, confirmed that the total assets of the global Islamic finance sector continue on a path of rapid growth, pointing to the sector’s accelerated growth in the UAE last year due to the strong performance of the non-oil economy. The agency added, in a recent report titled “Islamic Finance 2024-2025: ...

RIYADH/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, participated in the six-party Arab Ministerial meeting alongside US Secretary of State Antony J. Blinken. The meeting also included His Highness Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs of the Kingdom of Saudi Arabia; Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister ...

ABU DHABI / WAM The Telecommunications and Digital Government Regulatory Authority (TDRA) celebrated International Girls in ICT Day. This annual event is part of the International Telecommunication Union’s initiatives. This year’s theme, “Leadership,”aims to inspire and empower women to take on influential and prominent roles and serve as role models in the ICT sector. TDRA hosted its celebration at its ...

DUBAI / WAM Dubai Culture and Arts Authority (Dubai Culture) has announced the launch of an open call to participate in the ‘Narratives of Belonging’ exhibition, which aims to celebrate professional Emirati artists and their achievements, discover talent in all fields of arts and culture, and support and motivate them to continue their creative passion and expand the scope of ...

DUBAI / WAM Emirates Islamic has launched Fractional Sukuk, an innovative new product catering to investors. The exclusive offering grants customers access to international Sukuk markets with a minimum investment as low as $25,000. The international Sukuk market typically requires a minimum investment of $200,000, posing a challenge for retail investors seeking exposure to Sukuk markets. Investors interested in accessing ...

DUBAI/ WAM The Mohammed bin Rashid Centre for Government Innovation (MBRCGI) honoured the winners of the fourth cycle of Pitch@Gov, organised in partnership with the Mohammed bin Rashid Innovation Fund (MBRIF). The two projects are Rashid Al Zaabi’s “Katateeb” project on family values in the Internet age challenge and Aminata Ndiaye’s “Takkul” project on sustainability in digital transformation. “Katateeb” is ...