Local News

UAE gets its first crypto library at Abu Dhabi’s TII

Abu Dhabi / WAM Abu Dhabi’s Technology Innovation Institute (TII), the applied research pillar of the Advanced Technology Research Council (ATRC), announced on Tuesday that its Cryptography Research Centre (CRC) has built the UAE’s first national and sovereign crypto library. The milestone is set to enable the country to safeguard vital and confidential sources of information. The development follows a ...

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Dubai Economy sharpens focus on circular economy

Dubai / WAM Dubai Economy is strengthening its initiative launched earlier this year to bring together key industry sectors and stakeholders in an all-encompassing journey towards transitioning Dubai into a circular economy in line with the vision of the leadership and strategic plans of government. The move has gained fresh momentum with HH Sheikh Hamdan bin Mohammed bin Rashid Al ...

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Adnoc awards Eni, PTTEP first offshore exploration rights

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Monday the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu Dhabi BV, a wholly-owned subsidiary of Italy’s multinational energy company, and PTTEP MENA Ltd, a wholly-owned subsidiary of Thailand’s PTT Exploration and ...

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ADX lists Palms Sports on its Second Market

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that Palms Sports PJSC has listed its shares on ADX’s Second Market under the trading symbol PALMS, and trading begins on the shares on Monday. The company’s nominal value of share capital is AED 150 million, with each share having a nominal value of AED 1. This is the fifth ...

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UAE central bank to launch ‘Monetary Bills’ from Jan 11

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced on Monday that effective from January 11, 2021, a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced. These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform, compliant ...

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Etihad updates travel rules for UK travellers

Abu Dhabi / WAM Following an announcement by the National Crisis and Disaster Management Authority, effective from December 24, Etihad Airways requires all guests flying from the United Kingdom to present a negative PCR test within 72 hours validity of their flight departure time. In a statement on Monday, Etihad said it is the only airline in the world requiring ...

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ADU, twofour54 partner to train Abu Dhabi game developers

Abu Dhabi / WAM Abu Dhabi University (ADU) has announced the launch of a strategic partnership with twofour54 — Abu Dhabi’s media free zone — to continue the growth of the emirate’s media sector through increased talent development supported by gaming industry giant and twofour54 partner Unity Technologies. The partnership between Abu Dhabi University and twofour54 seeks to upskill and ...

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Emirates earns Apex five-star rating

DUBAI / WAM Emirates has received the APEX 2021 Five Star Global Official Airline RatingTM, based on feedback from passengers that was independently collected by APEX via its partnership with TripIt, and validated and certified by an external auditor to ensure that all ratings were made by genuine travellers who had flown on the airline they were reviewing. Adel Al ...

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UAE central bank to launch ‘monetary bills’ from Jan 11

Abu Dhabi / WAM The central bank of the UAE (CBUAE) announced on Monday that effective January 11, 2021, a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced. These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform, compliant with ...

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ADU, twofour54 to train next-gen of game developers

Abu Dhabi / WAM Abu Dhabi University (ADU) announced the launch of a strategic partnership with twofour54 — Abu Dhabi’s media free zone — to continue the growth of the emirate’s media sector through increased talent development supported by gaming industry giant and twofour54 partner Unity Technologies. The partnership between Abu Dhabi University and twofour54 seeks to upskill and empower ...

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