News

ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its position as a regional leader in sustainable finance after maintaining its ‘AA’ ESG rating from MSCI with an improved numerical score, and achieving a significant improvement in its Sustainalytics ESG Risk Rating, moving from a high-risk score of 30.2 to a low-risk …

ABU DHABI / WAM The UAE government has issued a Federal Decree-Law amending certain provisions of the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporation and Businesses (Corporate Tax Law). The amendments aim to clarify the mechanism for calculating and settling corporate tax due in cases where the tax credits or other forms of relevant tax incentives …

DUBAI / WAM Dubai International Financial Centre (DIFC) has registered its 100th hedge fund, reflecting its dominance in the sector and successful journey to becoming a top five global hub for the industry. The number of hedge fund managers doubled from 50 at the start of 2024 and 81 are billion-dollar AUM managers. During 2025, new arrivals include Baron Capital …

SHARJAH / WAM His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah and Chairman of the Sharjah Council for Higher Education and Scientific Research (SCHESR), chaired the meeting of the Permanent Executive Committee of the Council on Monday morning. Present were HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah …

ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, today received Dr. Subrahmanyam Jaishankar, Minister of External Affairs of the Republic of India, at Qasr Al Watan in Abu Dhabi. During the meeting, the two sides discussed ways to enhance cooperation between the UAE and the Republic of …

ABU DHABI/WAM Throughout 2025, the UAE continued to update its legislative and regulatory framework through a series of laws and decisions that reflect its approach to enhancing government efficiency and supporting comprehensive development. The laws and decisions issued embody the UAE’s vision of consolidating a flexible government model that anticipates change and strengthens readiness across sectors. This has been achieved …

ABU DHABI/WAM Abu Dhabi Fund for Development (ADFD) has announced its comprehensive 2030 Strategy. Guided by a set of strategic pillars, the strategy seeks to maximise development impact and effectiveness by fostering sustainable global economic growth and delivering development-focused aid and investments. It also aims to strengthen the national economy through export financing, broaden access to international markets for UAE …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Her Excellency Ursula von der Leyen, President of the European Commission, held a phone call on Monday to discuss cooperation between the UAE and the European Union, as well as ways to advance ties in support of shared interests. The call addressed the formal launch of negotiations …

NICOSIA/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Nikos Christodoulides, President of the Republic of Cyprus, held discussions on Sunday focused on enhancing cooperation as part of the Comprehensive Strategic Partnership between the two nations. During talks at the Presidential Palace in Nicosia – held during His Highness’ official visit to Cyprus – President …

ABU DHABI/WAM The inaugural BRIDGE Summit has reinforced the United Arab Emirates’ position as a global hub for media and content industries, emerging as an international platform that integrates media, economy and investment, while delivering a direct impact that supports economic diversification and enhances the UAE’s attractiveness to global capital. Hosted in Abu Dhabi, the Summit represented an advanced model …