ABU DHABI / WAM ZonesCorp announced the opening of a factory that produces liquefied carbon dioxide, which is widely used in several food and manufacturing industries. Launched by Al Ghaith Industries within the Industrial City of Abu Dhabi I (ICAD I), the new facility covers a total area of 100,000 square metres and has a total production capacity of 60 ...
Read More »
Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has congratulated UAE citizens and residents on the occasion of Eid al-Fitr. HH Sheikha Fatima urged the public to adhere to the country’s precautionary measures to preserve their ...
Read More »
ABU DHABI / WAM The United Arab Emirates on Thursday sent an aid plane carrying seven metric tons of medical supplies to Union of the Comoros. The aid will assist approximately 7,000 medical professionals as they work to combat the Covid-19 pandemic. Commenting on the aid delivery, Saeed Mohammed Saeed Al Maqbali, UAE Ambassador to Union of the Comoros, said, ...
Read More »
DUBAI / WAM KPMG released the results of its fifth edition of the ‘GCC listed banks’ report, which analyses the published results of listed commercial banks across the region for the year ended December 31, 2019. The report, titled ‘New Age Banking’, has found that the UAE’s top ten banks reported positive results in 2019, with an average 13.9 percent ...
Read More »
ABU DHABI / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has approved the order to disburse housing loans, houses and residential plots totaling AED5.5 ...
Read More »
ABU DHABI / WAM The total foreign currency assets held by the central bank of the UAE increased to circa AED371.6 billion ($101.17 billion) during in April this year, a growth of 1.6 percent from AED365.5 billion during the same month last year, as current account balances and deposits with foreign banks strengthened to AED331.75 billion from AED297.41 billion during the ...
Read More »
Dubai / WAM Investment Corporation of Dubai (ICD) on Wednesday announced its consolidated financial results for the year ended December 31, 2019 having achieved revenues of AED228.0 billion and a net profit of AED25.0 billion. Net profit grew by 16.9 percent from the prior year to AED25.0 billion including a record contribution from banking and financial services and a strong ...
Read More »Abu Dhabi / WAM The UAE on Wednesday sent an aid plane carrying four metric tons of medical supplies to Gambia. The aid will assist approximately 4,000 medical professionals as they work to combat the Covid-19 pandemic. Commenting on the aid delivery, Omar AlMeheiri, Charge d’Affaires of the UAE Embassy in Senegal, said, “We are honoured to extend assistance to ...
Read More »
ABU DHABI / WAM Abu Dhabi Developmental Holding Company (ADQ) one of the region’s largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu Dhabi’s non-oil economy, has launched Alpha Wave Incubation (AWI) Fund, a new AED1.1 billion venture fund located at Abu Dhabi Global Market (ADGM). AWI will target early-stage businesses in India and ...
Read More »
DUBAI / WAM The Telecommunication Regulatory Authority (TRA) holds its digital Ramadan Majlis to discuss smart government enablers on Microsoft Teams in attendance of more than 150 smart transformation pioneers representing 40 federal entities During the session, which is the final in a series of sessions held by the TRA during Ramadan, the smart government enablers team will provide some ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.