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ABU DHABI/ WAM Investopia 2024 witnessed the signing of two memorandums of understanding (MoUs) between the UAE and the Republic of Korea. The first MoU was signed by the Dubai Multi Commodities Center (DMCC) and the Korean Institute of Startup and Entrepreneurship Development (KISED), while the second partnership is between the Dubai Future District Fund (DFDF) and the Korea Venture ...

ABU DHABI/ WAM Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, and Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside of oil and gas, have inked a Technology Services Agreement for Alba’s Reduction Line 6. The Agreement was signed between Alba’s CEO Ali Al Baqali and EGA’s CEO Abdulnasser Bin Kalban in the ...

WORLD CAPITALS / WAM Gold prices took a breather from a record-breaking rally on Monday, with traders awaiting a key inflation report for fresh clues on the timing of rate cuts. According to Reuters, spot gold was steady at $2,179.97 per ounce, as of 0731 GMT. US gold futures were also little moved at $2,186.70. Gold climbed a record peak ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) on Monday published its 2023 Annual Report and confirmed its second-best year on record as companies continue to flock to its business district. A total of 2,692 new companies joined DMCC last year, bringing the total number of companies in DMCC to over 24,000. The launch of new industry ecosystems, the expanded ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received congratulatory messages from Kings, Presidents, and Emirs of Arab and Islamic nations, on the occasion of the Holy Month of Ramadan. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

ABU DHABI / WAM 42 Abu Dhabi, the UAE capital’s coding school that trains Emirati and expatriate coders to support the Emirate’s digital transformation, is serving a global purpose as well. Offering a free-of-charge learning model, the school is also educating students from impoverished communities worldwide and empowering them, Marcos Muller Habig, the school’s Acting CEO, told the Emirates News ...

ABU DHABI / WAM The UAE Banks Federation (UAEBF) expressed strong support for the Central Bank of the UAE’s (CBUAE) launch of “Sanadak”, the first Ombudsman Unit catering to consumers of Financial Institutions and Licenced Insurance Companies. This initiative is seen as a significant step forward for the UAE’s financial services sector, solidifying its position as a regional leader. Sanadak ...

ABU DHABI / WAM Abu Dhabi Global Market Academy (ADGMA), the knowledge arm of the international financial centre in Abu Dhabi, has signed a memorandums of understanding (MoUs) with Burjeel Holdings, NMC Assetco Limited, and Aster DM Healthcare, respectively, facilitating initiatives that focus on the healthcare sector within the UAE National Agenda and builds the ideal platform to develop a ...

DUBAI/ WAM The Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced 6 easy channels that will receive donations and contributions in honour of mothers, by establishing an endowment fund to provide education to millions around the world in a sustainable manner. Organised under the Mohammed bin ...

ABU DHABI/ WAM The Sheikh Zayed Grand Mosque Centre (SZGMC) has completed its preparations to receive masses of worshippers and visitors during the Holy Month of Ramadan 1445. In Ramadan 1444, the mosque welcomed 684,945 worshippers and visitors while a record of over 60,000 worshippers gathered at the mosque on the 27th night of Ramadan to observe Laylat Al Qadr, ...