Local News

  Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) has announced that it will be cooperating with ‘Hayi’ app, a free, local, social communication network for neighbourhoods in Dubai that encourages residents to communicate, endorse and befriend each other, create groups based on their locations, share common interests and preferences, as well as launch and participate in social ...

  Dubai / Gulf Time After having firmly entrenched itself in the construction sector in the cosmopolitan city of Dubai which is synonymous with the posh shopping malls, penthouses and real estate activity, YB group, has forayed into food and beverage sector. The maiden venture of the Group in F&B sector is Kefi which is located in Al Mamzar, Dubai. ...

  Dubai / WAM Emirates, renowned for its world-leading air transport services, has also been recognised for its outstanding ground transport services with awards in multiple categories, at the recent RoSPA awards, held for the first time in Dubai. The only airline to have achieved commendations three years in a row, the Emirates team took gold awards in three main ...

  Dubai / WAM Germany and the UAE as strong economic partners will continue “the old-fashioned trade,” but they have an opportunity to make joint investments in new technologies and businesses of the “new economy” that will help achieve their net-zero targets, a top German diplomat told the Emirates News Agency (WAM). “We have very good economic relations. But there’s ...

  Abu Dhabi / Gulf Time ADQ, an Abu Dhabi-based investment and holding company, on Monday announced it has entered into a definitive agreement to acquire Birgi Mefar Group (BMG), one of Turkey’s leading producers of sterile injectable products.­ As a full-service pharmaceutical CDMO, BMG is a production service provider for sterile injectable products, namely vials and pre-filled syringes used ...

  Abu Dhabi / WAM Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, has been included in FTSE Russell’s FTSE Global Equity Index Series which includes three world-renowned indices – FTSE Emerging Index, FTSE Global Large Cap Index and FTSE All-World Index – as of June 10. FTSE Russell’s indices are used by investors globally to ...

  Dubai / WAM The value of exports and re-exports of Dubai Chamber members grew 28.3% year-on-year (YoY) to reach AED23.1 billion in May 2022, marking the highest level since August 2018. Members’ exports and re-exports amounted to AED104.3 billion between January and May, achieving 15.8 percent YoY growth when compared to the same period last year. Over 291,000 certificates ...

  ABU DHABI / WAM Ewec, the Emirates Water and Electricity Company, has announced that production of desalinated water using low carbon-intensive reverse osmosis (RO) technology from the Taweelah RO facility has reached 50 percent capacity. Taweelah RO, connected to the Abu Dhabi network in December 2021, is now providing 100 million gallons per day of desalinated water, and will ...

Dubai / WAM As part of its strategy to diversify investment opportunities, the Dubai Financial Market (DFM) on Monday launched new equity futures contracts on individual stocks of two of its leading listed companies namely; Dubai Electricity and Water Authority (Dewa) and GFH Financial group. The new launch brings the number of companies that the DFM provides futures’ contracts on ...

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) has announced the completion of the legal merger of Bank Audi Egypt, where all the bank’s assets in Egypt will accordingly operate under FAB’s newly introduced brand identity “FABMISR”. The legal merger and launch of FAB’s new brand in Egypt come after obtaining all required regulatory approvals, including the final ...