Local News

Abu Dhabi / WAM First Abu Dhabi Bank (FAB), issued bonds worth over AED3 billion via two separate public issuances in three days, marking its first ever Sterling bond and first Kangaroo bond since 2014. FAB issued its inaugural three-year AED2.15 billion fixed rate bond, under its $15 billion Euro Medium Term Note (EMTN), Programme. According to a statement released ...

ABU DHABI / WAM A total of 18 out of 19 national banks and financial companies registered in Emirati financial markets declared their financial figures for 2019, which highlighted an increase in their total net profits to AED46.47 billion, an increase of 11.6 percent compared to AED41.63 billion in 2018. The reported increase reflects the ability of the national banking ...

Abu Dhabi / WAM From instant licences and incubators, to affordable school places and art springing up all over town, Abu Dhabi’s AED 50 billion ($13.6 billion) programme Ghadan 21 is accelerating Abu Dhabi’s development as a place where businesses, innovative ideas and diverse people can not only grow, but thrive. Envisioned by His Highness Sheikh Mohamed bin Zayed Al ...

ABU DHABI / WAM The Statistics Centre – Abu Dhabi (SCAD) reported on Sunday that the Consumer Price Index (CPI) decreased by 1.8 percent in January 2020, compared with the same month in 2019. According to the latest index report of the statistics authority, the CPI reached 109.7 percent in January 2020, while it was 111.8 percent in January 2019. ...

DUBAI / WAM Abdullah Al-Maeeni, Director-General of Emirates Authority for Standardisation and Metrology (ESMA) announced that the Islamic spending on food and beverages has grown by 1.6 percent, and is expected to reach $9.1 trillion in the next three years, reflecting a very important opportunity for investment and creating global halal food brands. The volume of investment opportunities in the ...

Abu Dhabi / WAM The Emirates Foundation and the Saudi Arabia Pavilion at Expo 2020 Dubai, have signed a Memorandum of Understanding to launch an integrated programme that provides volunteering opportunities for Saudi youth based in the UAE. In line with the youth capacity building objective of synergy, the volunteers will receive mentoring and guidance during their participation in Expo ...

Abu Dhabi / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the monitoring of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of ...

SHARJAH / WAM The Arab Children’s Parliament held its third session where members discussed the right of the Arab child to education, including: child participation in developing education, curricula and textbooks, improving the quality of education, children without schools, talents and children, and the role of education in empowering the child to participate in achieving the sustainable development goals. The ...

Dubai / WAM Dubai Police, in cooperation with Etisalat, officially unveiled the first 5G-enabled smart patrol in the Middle East and North Africa region. The smart police patrol is equipped with Artificial Intelligence technologies and high-tech cameras connected directly to the Control and Command room via 5G network. Brigadier Khaled Nasser Al-Razooqi, Director of the General Department of Artificial Intelligence ...

BISHKEK / WAM Mukhammedkalyi Abylgaziev, Prime Minister of Kyrgyzstan, on Saturday received a delegation from the Global Council for Tolerance and Peace (GCTP), headed by its President, Ahmed bin Mohammed Al Jarwan. Abylgaziev welcomed the delegation members and praised the council’s message of rallying international efforts to support tolerance and peace all over the world. He also commended his country’s ...