Local News

  Abu Dhabi / WAM Alpha Dhabi Holding announced its commitment to invest AED9.2 billion ($2.5 billion) in Chimera Capital and Alpha Wave’s landmark “Alpha Wave Ventures II” venture fund, which was announced and launched at the beginning of the year. The total commitment comprises a capital contribution of AED2.6 billion and an undrawn capital commitment of AED6.6 billion, which will ...

  Abu Dhabi / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs and Chairman of the UAE Tourism Council, revealed that the UAE’s tourism sector achieved a new growth milestone in Q1 2022, underlining its competitiveness at both regional and global levels. He attributed the sector’s latest achievement to the unlimited support and directives of ...

  Sharjah / WAM His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, was briefed on Thursday on the preparations for the 22nd edition of Sir Bu Nair Festival, this came during a meeting via video call, with the Supreme Committee of the festival. The meeting was attended by Hana Saif Al Suwaidi, Chairperson of ...

  Manama / WAM The delegation of the UAE Ministry of Defence headed by Staff Brigadier Musallam Al Rashidi has met with Major-General Sheikh Nasser bin Hamad Al Khalifa, Bahraini National Security Advisor and Royal Guard Commander, in Bahrain. Royal Guard Special Force Commander, Lieutenant-Colonel Sheikh Khalid bin Hamad Al Khalifa, attended the meeting. Sheikh Nasser welcomed the UAE delegation, ...

  Dubai / Gulf Time Neuro Spinal Hospital, Dubai organised the 21st Dubai International Spine Conference (DISC) and sixth annual meeting of Arab spine in collaboration with Nass (North American Spine Society), Royal College of Surgeons in Ireland (RCSI) and Arab Spine in Dubai. ‘The educational committee prepared a very rich program covering the innovation and new technology in spine ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Wednesday announced an intention to float 10 percent of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX) through an initial public offering (IPO). The offering is expected to open on May 23, subject to regulatory approvals ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a letter from President MiloÅ¡ Zeman of the Czech Republic regarding the development of relations between the two countries. The letter was delivered to His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, by Jiří Slavík, Ambassador of ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) signed a memorandum of understanding (MoU) with the leading provider of enterprise business software, SAP. As part of the agreement, the parties will explore collaboration opportunities to enhance industry innovation and digital transformation, develop advanced business models, nurture Emirati talent, and foster local digital competencies, particularly through supporting ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) has announced that it is facilitating access to the exchange for investors registered on other UAE financial markets. The ADX initiative applies to investors with investor numbers issued by other exchanges licenced by the Securities and Commodities Authority (SCA). The initiative, which promotes increased participation in the country’s capital markets, ...

  Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) signed two Musataha contracts with two local private sector companies to build and operate two farms, one in Al Ain and the other in Abu Dhabi, with a total value of around AED310 million. The first Musataha contract was signed with Emirates Hydroponics Farms to build ...