DUBAI / WAM Emirates Islamic bank has announced that it has contributed AED 5 million to the 1 Billion Meals initiative, the largest of its kind in the region to provide food to underprivileged and vulnerable groups suffering from food insecurity in 50 countries. The contribution of the Emirates Islamic bank helps provide basic foodstuffs to individuals and families ...
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UAE’s GDP beats expectations, posting highest rate in region
Dubai / WAM The UAE’s gross domestic product (GDP) for 2021 has broken international economic expectations, registering the highest rate in the region of AED1.489 trillion. “In a turbulent and changing world, the UAE has been moving steadily forward. Our economy is growing, our journey is accelerating, our competitiveness is advancing upwards, our future is going to be promising, and ...
Read More »Abu Dhabi’s IHC to invest $2b in Adani group’s green portfolio
Abu Dhabi / WAM International Holding Company PJSC (IHC), the Abu Dhabi-based conglomerate, announced on Friday that it had signed AED7.3 billion ($2 billion) Investment Agreement with Indian multinational conglomerate Adani Group, as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) which all are listed on ...
Read More »ERC supports its Ramadan programs in 64 countries
Abu Dhabi / WAM The Emirates Red Crescent (ERC) supports its Ramadan programmes in 64 countries by allocating an additional budget to enlarge its scope of beneficiaries worldwide. Upon the directives of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC, the ERC has implemented Ramadan Iftar, Zakat Al ...
Read More »DIFC launches first global venture ‘studio launchpad’
DUBAI / WAM Dubai International Financial Centre (DIFC) announced the launch of Studio Launchpad, the world’s first venture studio platform exclusively focused on ubiquitous finance and digital asset technologies. The initiative is a key part of DIFC’s efforts to achieve the goals of its 2030 strategy by attracting the best minds and companies from around the world to Dubai ...
Read More »UAE citizens account for 30% of Expo 2020 staff
DUBAI / WAM Emirati citizens accounted for nearly one-third of the total number of employees of Expo 2020 Dubai, which was due to the many initiatives aimed at empowering Emirati citizens and improving their overall skills as part of the country’s overall Emiratisation efforts. Emirati citizens comprised some 30 percent of all employees of Expo 2020 Dubai, with 248 working ...
Read More »Deal signed to develop maritime sustainability solutions, education
Abu Dhabi / WAM Zayed University, one of Dubai’s leading public universities, has signed an MoU with AD Ports Group, the region’s premier facilitator of logistics, industry, and trade in Abu Dhabi, to spearhead several sustainable development goals across several key areas. As part of the MoU, the two organisations will work closely together to advance development of innovative ...
Read More »Saif Al Dahbashi named CEO of Edge Group entity Al Taif
Abu Dhabi / WAM Edge, the region’s leading advanced technology group, and one of the top 25 in the world, has announced the appointment of Saif Ali Al Dahbashi to the position of chief executive officer (CEO) at its entity Al Taif, the leading UAE in-country provider of lifecycle support for military land platforms and systems through maintenance, repair ...
Read More »Deal signed to develop maritime sustainability solutions, education
Abu Dhabi / WAM Zayed University, one of Dubai’s leading public universities, has signed an MoU with AD Ports Group, the region’s premier facilitator of logistics, industry, and trade in Abu Dhabi, to spearhead several sustainable development goals across several key areas. As part of the MoU, the two organisations will work closely together to advance the development of ...
Read More »DIFC launches first global venture ‘Studio Launchpad’
DUBAI / WAM Dubai International Financial Centre (DIFC) has announced the launch of Studio Launchpad, the world’s first venture studio platform exclusively focused on ubiquitous finance and digital asset technologies. The initiative is a key part of DIFC’s efforts to achieve the goals of its 2030 strategy by attracting the best minds and companies from around the world to ...
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