Local News

Dubai / WAM Shuaa Capital has approved the issuance of non-convertible bonds valued at $150 million in one or more tranches in a private placement. These bonds will be listed on a market outside the UAE, the company said in an announcement on the website of the Dubai Financial Market where its shares are listed. During the company’s ordinary general ...

Abu Dhabi / WAM Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around AED9.55 billion in Q2 of 2020, according to data issued by the Statistics Centre-Abu Dhabi (SCAD). The net income of traditional (commercial) banks in Abu Dhabi from interests, investments and other sources of income totalled AED8.5 billion, accounting for 89 percent ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) decided to resume operations of the four bus routes that serve the Global Village from the start of its new season 2020-2021. The RTA will also resume the electric Abra tourist services inside the village as of October 25, the date coincides with the silver jubilee of this premier tourist and ...

ABU DHABI / WAM Underlining Abu Dhabi’s reputation of prioritising the health of its residents and visitors, Mubadala Healthcare has introduced Wellness Ambassadors at all of its patient-facing facilities, including Cleveland Clinic Abu Dhabi, Imperial College London Diabetes Centre (ICLDC), Amana Healthcare, Healthpoint and Capital Health Screening Centre (CHSC). The initiative is part of a broader movement inspired by Etihad ...

Sharjah / WAM The Labour Accommodation Inspection Committee of the Sharjah Police, SP, recorded more than 21,000 violations against Covid-19 precautionary measures during its inspection campaigns at labour accommodations in various areas of the emirate of Sharjah. Brigadier Dr Ahmed Saeed Al Naour, Director-General of Central Operations in the Sharjah Police, and Chairman of the Executive Committee for Emergency, Crisis ...

Abu Dhabi / WAM The Ministry of Education (MoE) announced the implementation of the “Alef Platform” in all UAE public schools, which will allow the ministry to use the Alef Platform to achieve its goals of developing a digital education system capable of adapting with all possible changes caused due to Covid-19 pandemic and turn the challenges faced in distance ...

Dubai / WAM Abdullah bin Touq Al Marri, Minister of Economy, has held a virtual meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) with the aim of discussing an integrated partnership between the UAE and IMF to develop and analyse economic policies. Moreover, the partnership focuses on drawing comparisons between macroeconomic models; formulating scenarios and forecasting ...

Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (Adnoc), on Wednesday shared insights on energy market dynamics, the energy transition, and Adnoc’s future strategy during a virtual session of the Energy Intelligence Forum. Speaking with Alex Schindelar, President of Energy Intelligence, during ...

Abu Dhabi / WAM payit digital wallet, powered by First Abu Dhabi Bank (FAB) launched “Digital Marketplace”, which allows small and medium businesses to list and sell their products and services on the platform conveniently and make them accessible to a growing base of payit customers. The new platform will include a range of products and services, such as groceries, ...

Abu Dhabi / WAM The UAE Space Agency (UAESA) was amongst the first signatories of Nasa’s Artemis Accords at the 71st International Astronautical Congress (IAC). In May 2020, Nasa, the American Space Agency, formally announced the Artemis Accords, based on a shared vision for principles, grounded in the United Nations’ Outer Space Treaty of 1967, to create a safe and ...