Local News

DUBAI / WAM Binance FZE, the Dubai entity of the world’s leading global virtual assets services provider, announced that it has received the Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA). This licence, subsequent to the previous issuance of the Minimum Viable Product (MVP) Licence in July 2023, marks a significant milestone for Binance. Binance ...

ABU DHABI / WAM The Sheikha Fatima bint Mubarak Women’s Foundation was inaugurated in Pristina, the capital of Kosovo, with the attendance of Dr Vjosa Osmani, President of Kosovo, and Mohamed Haji Al Khouri, Director-General of the Khalifa bin Zayed Al Nahyan Foundation. The foundation’s establishment is part of the humanitarian efforts of HH Sheikha Fatima bint Mubarak (the Mother ...

ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has attended the launch of the Medeem initiative. Developed by the Department of Community Development (DCD), the initiative aims to support UAE Nationals to adopt and preserve Emirati values, while providing services ...

ABU DHABI/ WAM Emirates Water and Electricity Company (EWEC) is focused on expanding solar energy production in Abu Dhabi, targeting a capacity of 7.6 gigawatts (GW) by 2030. The initiative involves major solar photovoltaic (PV) projects, including the Al Khazna and Al Ajban plants, alongside the Noor Abu Dhabi and Al Dhafra solar facilities. These endeavours are set to position ...

ABU DHABI/ WAM Abu Dhabi National Oil Company (ADNOC) announced today that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution), which bear a coupon of 0.70%, upon maturity on 4th June, 2024. Fulfilling its financial obligations, ADNOC will pay up to ...

GUANGDONG / WAM Guangdong Province, a prominent hub for manufacturing and foreign trade in southern China, has announced a historic peak in foreign trade, reaching 2.04 trillion yuan (approximately $281.86 billion) from January to March 2023. This marks a 12 percent increase compared to the corresponding period in the previous year, solidifying the province’s leading status in the nation’s trade ...

DUBAI / WAM DP World has published a Sustainable Development Impact Disclosure (SDID), making it the first company globally to adopt and disclose on its development impact in countries of focus in accordance with the recently released impact disclosure guidance from the Impact Disclosure Taskforce. DP World invited industry participants and practitioners to share their feedback during a four-month public ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Excellency Ion-Marcel Ciolacu, Prime Minister of Romania, who is on a working visit to the UAE. During the meeting at Qasr Al Shati, His Highness welcomed the Romanian Prime Minister to the UAE, expressing his wishes for the success of the visit in advancing ...

ABU DHABI/ WAM Abu Dhabi National Insurance Company (ADNIC) has completed the strategic acquisition of a 51 percent stake in Allianz Saudi Fransi Cooperative Insurance Company in Saudi Arabia. The acquisition will make ADNIC one of the Tier – 1 listed insurers in Saudi Arabia, strengthening its position as a leading insurer in the Gulf region. As part of its ...

DUBAI/WAM Ducab Metals Business (DMB) today announced the launch of its Green Aluminium Rod offering to its metals portfolio which will be in compliances to EU’s CBAM regulation. DMB uses recycled aluminium to manufacture Green Aluminium Rods, which reduces energy usage and carbon emissions significantly compared to primary aluminium production. This sustainable approach results in only 0.5 tonnes of CO2-equivalents ...