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ABU DHABI/ WAM Abu Dhabi National Insurance Company (ADNIC) has approved the distribution of 45 percent cash dividends (AED 0.45 per share, implying total cash dividends of AED 256.5 million) for the financial year ended 31st December 2023, after concluding its Annual General Meeting (AGM) today. Shareholders discussed and approved all items on the agenda for the AGM, including ADNIC’s ...

ABU DHABI/ WAM Haitham Al Ghais, Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), emphasised the need for increased investments in the oil industry to meet global energy demands and sustain economic growth. He stressed that these investments are crucial for ensuring reliable energy supplies for current and future generations. In statements to Emirates News Agency (WAM), ...

ABIDJAN/ WAM The UAE Embassy in Abidjan provided food packages for Ramadan and iftar meals to numerous residents in Anyama, a suburb of Abidjan, in coordination with official entities and institutions. Ali Yousef Al Nuaimi, UAE Ambassador to the Republic of Côte d’Ivoire, expressed his gratitude to the Emirates Red Crescent Authority for the initiative, stating, “The aid delivered reflects ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Santiago Peña, President of the Republic of Paraguay, spoke by telephone today to discuss bilateral relations, focusing particularly on development, the economy, trade, renewable energy, food security, and other key areas that support both nations’ aspirations towards sustainable development and prosperity. The two leaders affirmed ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Santiago Peña, President of the Republic of Paraguay, spoke by telephone on Monday to discuss bilateral relations, focusing particularly on development, the economy, trade, renewable energy, food security, and other key areas that support both nations’ aspirations towards sustainable development and prosperity. The two ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (RAKEZ) introduced the HS&E Appreciation Awards to recognise companies’ dedication to Health, Safety, and Environmental practices. The initiative aims to promote compliance with regulations, enhance standards, and foster a culture of safety and sustainability within the economic zone. The awards encourage businesses to improve their HS&E practices and support Rakez’s ...

ABU DHABI / WAM Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, has entered into a definitive agreement to acquire Kelix bio, a specialty pharmaceutical business focused on delivering complex generics across emerging markets, to further strengthen the development of the UAE’s life sciences ecosystem, position the UAE as a global leader in the life sciences sector and ...

SHARJAH / WAM Sheikha Bodour bint Sultan Al Qasimi, President of American University of Sharjah (AUS), joined university student athletes from the UAE in celebrating their victories at the Intercollegiate Ramadan Sports Tournament 2024 awards ceremony, reaffirming AUS’ dedication to supporting athletic endeavours and promoting a sense of unity and camaraderie within the student community. Featuring competitions in basketball, volleyball ...

WORLD CAPITALS / WAM Gold prices rose on Monday as renewed bets that the US Federal Reserve would begin cutting interest rates in June and a softer dollar lifted bullion’s appeal, Reuters said. Spot gold was up 0.4% at $2,172.09 per ounce, as of 0350 GMT. Also, US gold futures climbed 0.6% to $2,173.40 per ounce. Spot silver gained 0.2% ...

TOKYO / WAM/ AP Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates. Japan’s Nikkei 225 shed 0.7 percent to 40,619.40, as investors sold shares to lock in profits after the benchmark recently hit record highs. Hong Kong’s Hang Seng climbed 0.5 percent to 16,584.22, while the Shanghai Composite ...