Local News

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the UAE, under the support of the country’s wise leadership, is a role model for global giving in times of adversity. In a statement marking the Zayed International Humanitarian Day, observed on Ramadan 19th of every year, Sheikh Abdullah ...

ABU DHABI / WAM The UAE’s banking system strengthened its support for the agricultural sector in the first quarter of 2020, by providing financing valued at more than AED500 million to agricultural projects from January to March this year. This support is in line with the country’s efforts to achieve its food security strategy, which is a top priority of ...

Emirates Business Agthia group, one of the region’s leading food and beverages companies, announced their partnership with the Emirates Red Crescent (ERC) with the aim to provide the delivery of staple food items to community members amidst the health situation. This Agthia ‘Wholehearted Giving’ CSR initiative is part of the group’s continued efforts to contribute to society and is being ...

FUJAIRAH / WAM Oil product stockpiles at the Middle East’s key oil hub of Fujairah rose 6.4 percent in the week, climbing to a record high for a second consecutive week as light, middle and heavy distillates all saw builds. Total product stocks were 27.859 million barrels, up from the previous high of 26.192 million barrels a week earlier, according ...

ABU DHABI / WAM Thursday will witness a global united effort where individuals from all walks of life and belief systems will come together in reflection and prayer. The Higher Committee for Human Fraternity (HCHF) initiated the ‘Prayer for Humanity’ call, inviting religious leaders and faithful around the world to a day of fasting, prayers and supplications for “the good ...

DUBAI / Emirates Business Emirates has announced its plan to operate scheduled flight services from May 21 to nine destinations: London Heathrow Frankfurt, Paris, Milan, Madrid, Chicago, Toronto, Sydney and Melbourne.* The airline will also offer connections in Dubai for customers travelling between the UK and Australia. These flights will be available for booking on emirates.com. Travellers will only be ...

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, has ordered coronavirus (Covid-19) free tests for the UAE citizens, in line with the preventive and precautionary measures taken by the UAE to contain the spread of the virus. According to a joint statement ...

ABU DHABI / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Tuesday its first quarter 2020 financial results, recording an underlying Ebitda of AED629 million, a growth of 4.7 percent. In a statement, the company noted net profit was AED 400 million for the quarter and cash flow generation “remained strong” with free cash flow of ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) signed a ‘Depository Agent Custodian’ agreement with Bahrain Clear to offer custody services at Bahrain Bourse to regional and international investors. According to a press statement issued by FAB on Tuesday, the agreement is “in line with Bahrain Clear’s efforts to enhance post-trade services and expand outreach to regional and global ...

ABU DHABI / WAM His Highness Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Board of Zayed Higher Organisation for People of Determination (ZHO) said that the UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, is an icon of humanitarian action in both regional and international spheres. In a statement marking Zayed Humanitarian Day, Sheikh Khalid ...