Local News

Amanat Holdings net profit up 7% to AED67.4mn in H1 2022

  Dubai / WAM Amanat Holdings has announced its financial results for the first six months of this year, reporting an adjusted net profit of AED67.4 million, a 7 percent increase on the AED63.1 million reported in the same period of 2021. On an adjusted basis, excluding the prior year’s gain on sale and trading results from divested entities, the ...

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UAE, Egypt discuss cooperation to counter money laundering

  Cairo / WAM Hamid Al Zaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF), has met with Ahmed Khalil, Chairman of the Board of Trustees of the Egyptian Money Laundering and Terrorist Financing Unit (Egyptian AML/CTF), as well as Judge Hatem Aly, Regional Representative of the United National Office on Drugs and Crime ...

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Adib, DIFC FinTech Hive host 6th edition of ‘speed meeting’

  ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib), in collaboration with DIFC FinTech Hive hosted a “speed meeting” session for the sixth consecutive year. The session aimed at meeting shortlisted participants of the first sprint of the FinTech Accelerator programme 2022, to evaluate how their solutions can integrate within Adib operations. This year, eight FinTech startups from various ...

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ERRA set to galvanise UAE publishing sector

  Sharjah / WAM The launch of the Emirates Reprographic Rights Management Association (ERRA) – a first-of-its-kind association in the region – marks a watershed moment in the UAE publishing industry as it strengthens the foundations of a healthy print and publishing market where both the creation and dissemination of content are encouraged. With the launch of ERRA, the UAE ...

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Dewa launches 2nd batch of ‘cleantech youth programme’

  Dubai / WAM Dubai Electricity and Water Authority (Dewa’s) Innovation Centre has launched the second batch of the Cleantech Youth Programme. The programme aims to attract talented young energy leaders from different sectors and expand their skills and knowledge in clean and renewable energy and entrepreneurship. The programme comprises a wide range of training workshops, specialist education sessions, and ...

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UAE signs Asean’s Treaty of Amity and Cooperation in Southeast Asia

  ABU DHABI / WAM The UAE participated in the 55th Foreign Ministers Meeting of the Association of Southeast Asian Nations (Asean), which is taking place in the Kingdom of Cambodia from July 30 to August 6. As part of the meeting’s key agenda items, the UAE signed Asean’s Treaty of Amity and Cooperation in Southeast Asia (TAC). The UAE ...

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UAE president confers Medal of Independence to Colombian envoy

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, awarded Jaime Alejandro Amín Hernández, Ambassador of the Republic of Colombia to the UAE, the Medal of Independence of First Order on the occasion of the end of his tenure as ambassador to the country. Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, ...

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ADX market data goes live on TradingView platform

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has signed a new data-sharing partnership with TradingView, a US-based leading financial information portal, to help attract a new generation of global traders and investors to the exchange. As part of the agreement, ADX market data is now live on TradingView’s platform and accessible by a large base of ...

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Ajman sees 16% growth in new licenses in H1 ’22

  AJMAN / WAM The Department of Economic Development in Ajman (Ajman DED) has announced the results of the business movement for the first half of the current year, 2022. The number of new economic licenses increased to 2,637, with a growth of 16%, compared to 2,271 licenses in the first half of 2021. The increase reflects the continuity of ...

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Etihad scales up its cargo operations with new generation A350F freighter

  ABU DHABI / WAM Etihad Airways has firmed up its order with Airbus for seven new generation A350F freighters, following its earlier commitment announced at the Singapore Airshow. The freighters will upgrade Etihad’s freight capacity by deploying the most efficient cargo aircraft available in the market. This order of the A350F sees the national carrier of the UAE expanding ...

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