Abu Dhabi / WAM Waha Capital, an investment company in Abu Dhabi, has announced the launch of a new income-focused Islamic fund, adding to its three existing funds within its asset management business. The new fund, to be called “Waha Islamic Income Fund SP”, will invest in Sharia compliant assets across the sukuk and equity markets, and will have a ...
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Abu Dhabi Terminals receives In-Country Value certification
Abu Dhabi / WAM Abu Dhabi Terminals (ADT) the manager and operator of the region’s first technologically advanced semi-automated terminal at Khalifa Port, has been In-Country Value certified. In-Country Value is defined as the total spend retained in-country that can benefit business development, contribute to human capability development, and stimulate productivity in the UAE economy. Obtaining the certification not only ...
Read More »Dubai’s Mushrif Park opened to cyclists for free
Dubai / WAM Dubai Municipality has announced that it has opened Mushrif Park to cyclists every day from 6 am to 9 pm free of charge. The move is part of the Municipality’s plan to provide special lanes in its parks for cycling enthusiasts and in implementation of the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ...
Read More »Digital Dewa, Group 42 partner to boost AI, cloud innovation in UAE
Dubai / WAM In presence of Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa) and Peng Xiao, CEO of Group 42, Digital Dewa – the digital arm of Dewa, announced a strategic partnership with Group 42 (G42), an Abu Dhabi based leading Artificial Intelligence (AI) and cloud computing company. The signing ceremony was attended ...
Read More »Covid-19: UAE reports 60,202 total recoveries
Dubai / WAM The Ministry of Health and Prevention (MoHAP) announced on Saturday that it conducted 88,803 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...
Read More »â€˜Emirati women play significant role in development drive’
ABU DHABI / WAM His Highness Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Board of Directors of Zayed Higher Organisation for People of Determination, said that the celebration of the Emirati Women’s Day this year comes under the slogan “Planning for the Emirates 50th Year: Women Supporting the Nation” because of their significant and invaluable role in the ...
Read More »Upgradation of three metro stations 40% complete
DUBAI / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) announced that the upgrading of three stations on the Dubai Metro Red Line namely, Dubai Internet City, Damac Properties, and UAE Exchange has reached 40 percent. The improvement of stations along with the surrounding infrastructure aims to ...
Read More »VP: UAE’s logistical system most sophisticated, efficient in region
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has stated that the UAE has a logistical system that is the most sophisticated and efficient of its kind in the region, and it is not possible to maintain ”our logistical excellence without enhancing the quality of the ...
Read More »Invest in Sharjah webinar explores prospects for Indian businesses
Sharjah / WAM The Sharjah FDI Office, Invest in Sharjah, an affiliate of the Sharjah Investment and Development Authority, Shurooq, organised an interactive business webinar via the Zoom platform to introduce emerging prospects and investment opportunities in competitive sectors to potential investors and businesses from across India, and to highlight the range of services and facilities offered by the various ...
Read More »UAE sends 3rd medical aid plane to Kazakhstan
Abu Dhabi / WAM The UAE on Saturday sent a third aid plane carrying 16.5 metric tons of medical supplies and testing kits to Kazakhstan. This aid will assist approximately 16,000 medical professionals as they work to contain the virus, bolstering the country’s efforts to curb the spread of Covid-19. In light of the UAE’s keenness to strengthen and develop ...
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