Local News

Team UAE fly for gold with Etihad

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, hosted 32 members of the UAE Paralympic Committee on their journey to the 2020 Paralympic Games taking place in Tokyo, Japan. The Olympic Games reached a spectacular finale on August 8, and the excitement continues as the Tokyo 2020 Paralympic Games open on August 24. The biggest para ...

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Emirates NBD seeks to double diamond trade financing

Dubai / Emirates Business Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region, announced plans to increase financing available to the Dubai diamond industry and double its diamond financing book in the UAE by 2025. Emirates NBD has collaborated with Dubai Multi Commodities Centre (DMCC) on the project to leverage its expertise and ...

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Agthia launches eZad, first-of-its-kind online auction platform for dates

Abu Dhabi / WAM Agthia Group on Monday announced the launch of eZad, an innovative, convenient and efficient business to business eAuction platform, where buyers from across the globe can buy dates in bulk from sellers in the UAE. eZad makes buying and selling of dates faster, more transparent and profitable for all stakeholders. In the first phase, eZad will ...

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Adnoc signs framework deals worth $1b for major projects

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced the signing of framework agreements for Concept and Front-End Engineering Design (FEED) services for major projects across its full value chain to support the delivery of its 2030 strategy. The framework agreements – which were signed with eight top-tier global engineering contractors — have a combined scope worth ...

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ADIB unveils world’s first Islamic digital bank for 8-18 year olds

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) on Monday officially unveiled “Amwali” digital bank, the world’s first Islamic digital bank targeting youth between the age of 8 to 18. Co-created with the Founders Club, a cohort of Emirati youth and their parents, the all-in-one banking solution is designed to empower young customers with a dedicated digital banking experience, ...

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UAE, Kuwait discuss ways to boost ties

KUWAIT / WAM Dr Matar Hamed Al Neyadi, UAE Ambassador to Kuwait, met Kuwait’s Minister of Health, Dr Basel Hamoud Al-Hamad Al-Sabah, at his office in the Ministry. Al Neyadi highlighted the UAE’s keenness to boost joint cooperation and strengthen relations between the two brotherly countries to achieve the aspirations of the two countries’ leadership and peoples. For his part, ...

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Emirates, Cemair sign interline deal

Dubai / WAM Emirates has signed an interline agreement with CemAir that opens up connections to six more destinations in South Africa through the airline’s gateways of Johannesburg and Cape Town. The partnership also includes a couple of leisure points exclusively served by CemAir. This marks the first partnership between both airlines, and Emirates’ fourth airline partnership in South Africa. ...

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India’s textiles industry attracts UAE investments

Abu Dhabi / WAM The UAE is emerging as a growing investor in India’s textiles sector even as India steps up its efforts to quadruple the exports of handloom textiles in the next three years. The Ministry of Textiles here on Sunday set up a high-level, eight-member, experts’ committee to double the production of handlooms and boost exports. The committee ...

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Abu Dhabi launches 22 new industrial facilities with AED286.4m investments

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development and the Industrial Development Bureau (IDB) has revealed the success of the Basic Industrial Project by introducing new 22 industrials licenses in the first year of the project. These licenses include the medical, food and electrical sectors with a total investment of AED286.4 million. Mohamed Ali Al Shorafa, Chairman ...

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