ABU DHABI / WAM Abu Dhabi Emergency, Crisis and Disaster Committee for the Covid-19 Pandemic, in collaboration with Abu Dhabi Police and DoH, have announced that the Abu Dhabi movement ban is to be extended by one week. The ban covers movements between Abu Dhabi’s regions (Abu Dhabi, Al Ain and Al Dhafra) as well as in and out of ...
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DUBAI / WAM Enoc Group has announced that it opened two new service stations in Lehbab and Al Qudra in Dubai. The opening of the two new service stations, both in key locations, takes the total number of ENOC service stations now in the UAE to 147. The Lehbab service station is conveniently located along Lehbab Road and will provide ...
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DUBAI / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Meraas will join forces with Dubai Holding in an effort to sustain and advance growth through a unified and integrated vision that builds on gains, spurs efforts and boosts Dubai’s global competitiveness. Meraas ...
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DUBAI / WAM The Dubai Electricity and Water Authority (Dewa), announced on Tuesday that it will no longer purchase paper supplies, adding that it would refrain from using some 8.5 million sheets of paper for 2020. The move comes as part of the Dubai Paperless Strategy, which aims to use advanced technology to build an integrated paperless government framework. Commenting ...
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ABU DHABI / WAM Al Hilal Bank — a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB) — has completed the sale of Al Hilal Takaful, its Islamic insurance subsidiary, to Siraj Holding LLC. In a statement by the bank on Tuesday, the divestment was driven by Al Hilal Bank’s strategic decision to focus on delivering high-quality retail banking services, ...
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Dubai / WAM Emirates airline has received approvals to carry passengers on flights to Kabul in Afghanistan, starting from June 25, taking to 30 the total number of destinations currently offered to travellers. In addition to Kabul, flights to the following cities can be booked on emirates website or via travel agents: Bahrain, London Heathrow, Manchester, Frankfurt, Paris, Milan, Madrid, ...
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ABU DHABI / WAM The net foreign assets held by the UAE national banks grew 17.5 percent to AED79.8 billion during the first fourth months of this year as compared to December 2019, statistics by the central bank of the UAE shows. The growth stems from the increase in the total balance of foreign assets of these banks to AED684.8 ...
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ABU DHABI / WAM The value of Abu Dhabi trading in precious metals and gemstone increased to AED5.42 billion within the first quarter of the current year 2020 with a rate of 34.4 percent compared to the same interval of 2019 estimated at AED4.03 billion according to Abu Dhabi General Administration of Customs. Such increase in Abu Dhabi trading in ...
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ABU DHABI / WAM First Abu Dhabi Bank (FAB) has successfully issued a landmark HKD750 million five-year Green Bond through a private placement. In a statement by the bank on Monday, this deal represents the first Green Bond issuance by a Mena issuer denominated in Hong Kong Dollars (HKD) and the first Green Bond in HKD by an offshore financial ...
Read More »Abu Dhabi / WAM Upbeat sentiments triggered by improved performance across all global stock markets saw UAE’s twin bourses’ general indices surging and gaining to the tune of AED16.4 billion at the close of Sunday’s session. The growth was spurred by a buying spree that selectively targeted blue chips and generated AED800 million in liquidity over 537 million shares through ...
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