Local News

  Dubai / WAM Abu Dhabi Fund for Development (ADFD) has signed a memorandum of uunderstanding (MoU) with the African Development Bank (AfDB), aimed at strengthening cooperation over investment in strategic sectors in Africa that would sustainably drive socioeconomic development in the continent, while also achieving the UAE’s development- financing goals for developing countries. The MoU was signed by Mohamed ...

  Abu Dhabi / WAM Mohamed Helal Al Mheiri, Director-General of Abu Dhabi Chamber, said that bilateral relations between the UAE and Singapore have witnessed remarkable growth thanks to the committed support of both countries’ leadership. The remarks were made during a visit of a high-level delegation from Singapore chaired by Dr Brian Shegar, President of the UAE Singapore Business ...

  DUBAI / Gulf Time M Glory Group laid the foundation stone for the United Arab Emirate’s first industrial facility to manufacture electric vehicles (EV) at Dubai Industrial City, one of the largest industrial hubs in the region, and worth an investment of AED1.5 billion. The factory’s official opening was presided over by Omar Suwaina Al Suwaidi, Undersecretary at MoIAT, ...

  SHARJAH / WAM Sharjah Airport won the ‘Best Airport in the Middle East’ award in the 5 to 15 million passenger per year category and the ‘Voice of the Customer’ accreditation given by the Airports Council International (ACI). It bagged the accolade at ACI World’s Airport Service Quality (ASQ) Awards 2021, an event sponsored by Amadeus, a leading global ...

  Abu Dhabi / WAM Ahmed Al Kaabi, UAE Governor to the Organisation of Petroleum Exporting Countries (Opec), said the UAE is continuing to perform its key role in maintaining the stability of world oil markets. In his statement to the Emirates News Agency (WAM), Al Kaabi added the UAE is an active member of Opec, noting it assumed the ...

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has partnered with AirCarbon Exchange (ACX) to create the world’s first fully regulated carbon trading exchange and carbon clearing house which will be established in Abu Dhabi, the capital of the UAE. Pursuant to its recently released consultation paper, ADGM is set to ...

  DUBAI / WAM Rumina Velshi, President and CEO of the Canadian Nuclear Safety Commission (CNSC), said the UAE Peaceful Nuclear Energy Programme is an inspiring global example. In her exclusive statement to WAM, Velshi said she visited the Barakah Nuclear Power Plant two years ago and witnessed the success story of the programme, which she described as an unprecedented ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop the FTSE ADX 15 Index, a benchmark blue chip measure that will support ADX’s recently launched derivatives market and the creation of ETFs and other index-tracking investment vehicles. Also known as the FADX 15, the benchmark index will be launched on March ...

  ABU DHABI / WAM The UAE is fast-tracking low-carbon economic growth to deliver new jobs, new industries and new revenue streams, according to Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change. Speaking at the Middle East and North Africa Climate Week, Dr Al Jaber explained that the UAE is ...

  DAR ES SALAAM / WAM DP World on Tuesday announced the launch of its wholesale e-commerce platform DUBUY.com in Tanzania. The online marketplace will give Tanzanian businesses better access to international markets. It will also provide a more secure and reliable supply chain, through DP World’s worldwide ports and logistics network. The new platform enables Tanzanian businesses to buy ...