Local News

UAE, Dutch varsities collaborate on research projects

AL AIN / WAM The United Arab Emirates University (UAEU) continues its efforts to build the economy of the future, based on knowledge, innovation, and technology, and promote the research and development, by adopting many initiatives that achieve the UAE future vision. Research cooperation with Dutch research centers and universities resulted in the producing of 129 research papers during the ...

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Emirates Mars Mission ‘double moon’ campaign gets award at Cannes Lions

DUBAI / WAM The ‘Double Moon’ campaign, which was organised in the run-up to Hope Probe’s arrival to Mars, bagged an Outdoor Silver Lion at the prestigious Cannes Lions International Festival of Creativity. The campaign, which brought Mars’ twin moons Phobos and Deimos to the skies of Dubai earlier in February using new technologies for the first time in the ...

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Mohamed, British PM review regional, global developments

Abu Dhbai / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed during a telephone call with British Prime Minister Boris Johnson ways of enhancing relations of cooperation and friendship between the two countries. His Highness Sheikh Mohamed bin Zayed and the British Prime Minister ...

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FAB reports group net profit of AED5.4 billion in H1 2021

Abu Dhbai / WAM First Abu Dhabi Bank (FAB) has reported its financial results for the first half period ended on June 30. First half 2021 Group Net Profit was AED5.4 billion, an 11 percent increase year-on-year. The increase was driven by revenue growth from a solid performance across the bank’s core businesses despite headwinds from rate cuts, increased contribution ...

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ADIB’s first half profit up 89% to AED1.1 billion

Abu Dhbai / WAM Abu Dhabi Islamic Bank (ADIB) delivered strong financial results for H1 2021, with net profit surging 89 percent year-on-year to AED 1,109 million from AED 588 million in H1 2020. The growth in net profit reflects the strong underlying performance across the business supported by a 3.4 percent growth in total revenue to AED 2,644 million ...

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Mubadala invests $250m in global biosimulation leader Certara

ABU DHABI / WAM Certara (NASDAQ: CERT), a global leader in biosimulation, on Wednesday announced that Mubadala Investment Company (Mubadala) has made an approximately $250 million investment in Certara. The investment aligns with Mubadala’s strategy of enabling innovation to address unmet clinical needs and drive cost efficiencies. Mubadala and certain existing institutional shareholders of Certara, including a shareholder affiliated with ...

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Etihad rolls out IATA travel pass to 7 cities

ABU DHABI / WAM Following successful trials, Etihad Airways has expanded IATA Travel Pass on flights between Abu Dhabi and seven destinations across its network as it continues to implement digital solutions to simplify the travel experience in the wake of the pandemic. IATA Travel Pass is available for guests on all Etihad flights between Abu Dhabi and Bangkok, Barcelona, ...

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DP World reports volume growth of 17.1%

DUBAI/ WAM DP World Limited handled 19.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2021, with gross container volumes increasing by 17.6 percent year-on-year on a reported basis and 17.1 percent on a like-for-like basis . Growth in Q2 accelerated with all regions delivering a strong performance, especially our terminals ...

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Etihad Airways rolls out IATA Travel Pass to seven cities

ABU DHABI / WAM Etihad Airways has expanded IATA Travel Pass on flights between Abu Dhabi and seven destinations across its network as it continues to implement digital solutions to simplify the travel experience in the wake of the pandemic. IATA Travel Pass is available for guests on all Etihad flights between Abu Dhabi and Bangkok, Barcelona, Geneva, Madrid, Milan, ...

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Conference on public-private partnership announced

DUBAI / WAM In line with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, the Dubai Government’s Department of Finance (DoF) ...

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