News

DUBAI / GULF TIME The DIFC Courts has launched a new Commercial Mediation Scheme through its Mediation Service Centre, to provide businesses with an additional dispute resolution pathway to resolve commercial disputes early, preserve commercial relationships and maintain business continuity. Delivered in collaboration with The Mediation Hub MENA, the six-month initiative will run from 1 July to 31 December 2026. …

ASUNCIÓN / WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, participated in the Mercosur Summit hosted in Asunción, the capital of the Republic of Paraguay, which brought together the leaders and heads of government of the bloc’s member states and partners. Delivering the UAE’s address …

CAPITALS / WAM Gold prices fell on ‌Wednesday after hitting a seven-month low in the previous session, pressured by higher Treasury yields and concerns over inflation and Federal Reserve rate hikes elevated. Spot ​gold was down 0.7 percent at $3,979.41 per ounce, as of 03:00 GMT. In the ​previous session, bullion slipped to $3,942.99 per ounce, its lowest point since …

ABU DHABI / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has visited the fifth edition of Abu Dhabi Summer Sports, organised by ADNEC Group, a Modon company, in partnership with Abu Dhabi Sports Council and sponsored by ADNOC Group. The event runs until 23rd August …

ABU DHABI/WAM SAKINA, the leading mental health network under SEHA, a subsidiary of PureHealth, the largest healthcare group in the Middle East, has signed a Memorandum of Understanding (MoU) with SpeechCare Centre, a specialist in speech therapy and neurodevelopmental interventions, to advance research protocols and clinically guided frameworks in digital wellbeing and strengthen the link between scientific research and clinical …

DUBAI / WAM DP World and Lintara Properties, the real estate development platform of Arcapita Group Holdings Limited (Arcapita), have broken ground on a new 20,000 square metre build-to-suit logistics centre in Jebel Ali Free Zone (Jafza). The Grade A facility is being developed by Lintara Properties and will be operated by DP World as part of its integrated, end-to-end …

RAS AL KHAIMAH / WAM RAK Ceramics has signed an exclusive multiyear licensing agreement with Roberto Cavalli for the development, manufacture and distribution of Roberto Cavalli-branded ceramic tiles, sanitaryware and faucets. Under the terms of the agreement, RAK Ceramics will create and distribute Roberto Cavalli collections across a strategic territory that includes the United Arab Emirates, Saudi Arabia, Bahrain, Oman, …

DUBAI / WAM Arab Bank Switzerland, the Geneva-headquartered Swiss private banking group, announced the launch of ABS (Middle East) Limited in Dubai International Financial Centre (DIFC), deepening its long-term commitment to the region and to the UAE as a leading hub for financial innovation. The launch marks the next step in the Arab Bank Switzerland’s strategy to build a robust …

ABU DHABI / WAM AD Ports Group and IRH Global Trading Ltd. have signed a Memorandum of Understanding (MoU) to explore strategic cooperation in bunkering services and alternative marine fuels at Khalifa Port. The MoU outlines potential collaboration across a range of areas, including the provision of bunkering services to vessels calling at Khalifa Port, the development of alternative fuel …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Félix Tshisekedi of the Democratic Republic of the Congo on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin …