Local News

  ABU DHABI / Gulf Time Abu Dhabi Islamic Bank (Adib), a leading financial institution, has announced that it has registered a significant increase in its digital banking channels usage during the first quarter of 2022. According to Adib, 40% of customers’ personal finance applications are now taking place digitally on its mobile app, up from 30% in Q1 last ...

  Dubai / WAM Abu Dhabi Fund for Development (ADFD) has launched the Tamkeen programme for vocational training to support the UAE’s effort to build a knowledge economy by investing in skill development of Emiratis. Supervised by experts and specialists from ADFD, the training covers diverse areas such as investment, project management, financial affairs, internal auditing, information technology, media and ...

  Dubai / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, on Wednesday signed a memorandum of understanding (MoU) with International Humanitarian City (IHC), the largest humanitarian hub in the world. The agreement entails the implementation of Masary, an e-gate pass system, at IHC to track and trace shipments within a secure network ...

  Abu Dhabi / WAM Abdulla Bin Touq, Minister of Economy of the United Arab Emirates, and Major General (Retd) Orna Barbivay, Minister of Economy and Industry for the State of Israel, signed the UAE-Israel Comprehensive Economic Partnership Agreement (UAE-Israel CEPA) in Dubai, beginning a new era of cooperation between the two nations that established diplomatic ties in September 2020. ...

  Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) group participated in Imex Frankfurt ‘The heartbeat of the global business events community’, which will be held until June 2, to showcase the group’s outstanding facilities, and highlight Abu Dhabi’s position as the capital of the business and leisure tourism sector in the region. Imex in Frankfurt is the ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) together with its long-standing partner Borealis AG on Tuesday announced the successful completion of the bookbuild and public subscription process for the initial public offering (IPO) of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The offering of 3,005,769,158 ordinary shares (offer shares), equivalent ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) signed an MoU with Eutelsat, the French global satellite operator, to provide technical support for Dewa’s Space-D programme and Dewa’s 3U nanosatellite Dewa-SAT1. The cooperation aims to explore the potential integration of Eutelsat Earth Low Orbit (ELO) satellites with the Space-D programme and expand the fleet of nanosatellites for both ...

  DUBAI / WAM Investment Corporation of Dubai (ICD) announced on Tuesday its consolidated financial results for the year ended December 31, 2021, having generated revenues of AED169.4 billion and reported a net profit of AED10.1 billion, a significant turnaround from last year as business recovery accelerated. Revenues were AED169.4 billion, up 24.5 percent compared to the prior year, driven ...

  DUBAI / WAM The Dubai Building Permit Development Committee has completed the unified electronic platform for building permits, which includes building permit services of all licensing authorities in Dubai. The platform is set to provide distinguished services to consultancy offices and contracting companies. The committee, which was formed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from the President of the People’s Republic of China, Xi Jinping, during which, the Chinese president offered his condolences to His Highness and the Emirati people on passing of Sheikh Khalifa bin Zayed Al Nahyan. President Xi also highlighted the historic relations ...