Blog List Layout

BLOOMBERG Bank of America (BofA) Corp’s second-quarter profit soared after its core Wall Street businesses exceeded analysts’ expectations. The firm’s fixed-income and equity traders delivered a surprise gain, covering a slight miss in expected net interest income. Revenue from fixed-income, currencies and commodities trading rose 18% to $2.8 billion in the second quarter, as clients reacted to changing interest rates, ...

NEW YORK / WAM On the sidelines of the United Nations High-Level Political Forum (UN HLPF) on Sustainable Development, convened by the United Nations Department of Economic and Social Affairs, the UAE government delegation engaged in a productive discussion with New York City Mayor Eric Adams. The main focus of the meeting was to explore opportunities for joint collaboration and ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory cable to Egyptian President Abdel-Fattah El Sisi on the anniversary of the 23rd of July Revolution. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, ...

ABU DHABI / WAM The forensic laboratories at the Centre for Criminal and Electronic Sciences of Abu Dhabi Judicial Department (ADJD) have obtained international accreditation in forensic tests, making it a first for the electronic laboratory. The chemical laboratory has also renewed its accreditation certificate for the second term (cycle of four years) after being accredited in 2019, in testing ...

SHARJAH / WAM During the second session of the third Arab Children’s Parliament, hosted by the Arab League, 52 Arab children from fifteen countries came together under the parliamentary dome. The session’s crucial theme was “Arab Children: Sustainable Efforts for Climate”, rallying for collective action in building an Arab framework responsive to current and future climate challenges. The young participants’ ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) is constructing 19 trucks rest stops and lay-bys across several hotspots in Dubai in collaboration with the private sector. The project includes 3 Integrated Truck Lay-bys: one in partnership with the Abu Dhabi National Oil Company (Adnoc) and two in partnership with Almutakamela Vehicle Testing and Registration. In cooperation with Adnoc, ...

DUBAI / WAM Dubai Customs cleared 14 million customs transactions during the first six months of this year, a 10 percent surge from the 12.7 million transactions registered in the same period last year. The UAE economy is poised to experience further growth and recovery over the second half of 2023, according to forecasts by international banks and organisations, like ...

DUBAI / WAM In Dubai’s awe-inspiring economic growth story, family businesses stand tall as architects of growth, innovation and value creation. Generating over 40 percent of the emirate’s GDP, the sector represents Dubai’s indomitable spirit of enterprise. Now, as the emirate seeks to unlock a new phase of high-powered growth for its economy, the government is introducing a spate of ...

DHAKA / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and COP28 President-Designate, met with the Sheikh Hasina, Prime Minister of Bangladesh, as he continued his discussions with global leaders to focus on delivering for COP28. Following his speech in Brussels, he continued to share his core action agenda to fast-track a just energy transition; ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a written letter to President Gustavo Petro of Colombia, which included an official invitation to the Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held at Expo City Dubai this November. The letter was delivered by ...