Local News

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) on Tuesday announced the listing of the bonds of the Emirates Telecommunication Group company (Etisalat) under the issuer’s medium-term note programme with a total amount of Euro1 billion (AED 4.47 billion) in two tranches, starting June 14. The listing of bonds in two tranches is subject to Securities and Commodities ...

Dubai / WAM Agri-tech startup Desert Control is ready to launch commercial rollout of liquid natural clay (LNC) — an innovation that turns deserts into fertile land — after joining the alumni network of in5, an enabling platform for tech, media and design entrepreneurs in Dubai. The company is the latest in5 graduate to leave the business incubator and pursue ...

DUBAI / WAM Dubai’s Knowledge and Human Development Authority (KHDA) announced today that ten new schools are set to open in Dubai in the 2021-22 academic year. An additional 14,671 new seats will be added to Dubai’s education landscape with the opening of the new schools, according to new data released by the Authority. Mohammed Darwish, CEO of Permits and ...

ABU DHABI / WAM Air Arabia Abu Dhabi has announced the introduction of a new service to Yerevan, the capital city of Armenia with direct flights from Abu Dhabi starting on July 13, the new route will become the airline’s 12th destination from Abu Dhabi. Around three hours flight time from the UAE, Armenia’s diverse landscape comprises mountains, forests, lakes ...

Abu Dhabi / WAM Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has entered into a Memorandum of Understanding (MoU) with Rakbank on Credit Guarantee and Co-lending programmes for SMEs in the UAE. Under the agreement, Rakbank can offer up to AED10 million financing to small and medium-sized enterprises (SMEs), and ...

Dubai / WAM Etihad Credit Insurance (ECI) and the Kenya National Chamber of Commerce and Industry (KNCCI) have entered into a strategic partnership to boost economic cooperation between the UAE and Kenya by stimulating international trade and investment flows, as well as supporting the business communities in the two countries during the post-pandemic era. The alliance was forged in the ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) has announced it partnered with Visa to introduce the UAE’s first biometric authentication solution for e-commerce transactions. The solution leverages Visa Consumer Authentication Service to deliver a significant improvement in customer experience and reinforced data security. Visa Consumer Authentication Service aims to enhance user experience, as well as mitigate security and ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of the Democratic Republic of the Congo, Felix Tshisekedi, reviewed the prospects of growing economic, trade and investment cooperation between the two friendly nations. This came in a phone call His Highness ...

ABU DHABI / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), sent on Monday 960 tonnes of urgent medical and food items to alleviate the humanitarian repercussions for about 20,000 families in the Gaza Strip. Implementing the directives of the Emirati leadership, the UAE sent 33 shipments through the Rafah Border Crossing, as part of the ...

ABU DHABI / WAM Five organisations that specialise in gauging global competitiveness have ranked the UAE among the top 20 countries 2020 across 13 indexes related to transport, adding to the country’s track record in this sector. The UAE has been making tireless efforts to drive its sustainable development while also preserving the environment. The UAE Vision 2021 comprises guidelines ...