Local News

DFM launches ‘myAccount’ e-service for cash dividends

Dubai / WAM As part of its strategy to provide market participants with smart and efficient solutions in line with the leadership’s digital transformation vision, the Dubai Financial Market (DFM), on Wednesday launched the “myAccount” service, an electronic account that enables investors to seamlessly transfer dividend amounts to their iVESTOR Card accounts, bank accounts, as well as to pay for ...

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Enabling new opportunities, technology explored at WEC

Abu Dhabi / WAM Driving change for sustainable energy, the use of technology and the future of oil were among the key topics discussed as day two of the 24th World Energy Congress focused on the business outlook of the industry. The most critical issues continued to be addressed in Abu Dhabi as thousands of people including ministers and delegates ...

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ECB reaches again for bond-buying bazooka

Last week’s news headlines were dominated by hawks on the European Central Bank’s (ECB) governing council pushing back against the restart of quantitative easing. It’s a sure sign that Mario Draghi, the soon-to-depart ECB president, is readying the bond-buying bazooka once again. He has little choice but to ignore the protests of Germany, France and the Netherlands. As central banks ...

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Abu Dhabi, Estonia boost digital ties

ABU DHABI / WAM President of Estonia Kersti Kaljulaid, received a delegation from Abu Dhabi Digital Authority, headed by Dr Rauda Saeed Al Saadi, Director-General, during an official visit at the presidential office. The visit is in line with the authority’s commitment to keeping pace with the global technological advances in digital solutions that will enhance Abu Dhabi’s leading position ...

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Prices of 410 medicines cut

Dubai / WAM Dr Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, issued a Ministerial Decree No. 130 of 2019 on reduction of price of 410 similar drugs, in line with government’s directives to reduce prices of services, and based on ministry’s keenness to provide medicines at competitive prices. Accordingly, the Ministry of Health and ...

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‘Sharjah Youth’ organises ‘Be a businessman 2’ diploma programme

Sharjah / Emirates Business Sharjah Youth, an affiliate of Rubu’ Qarn Foundation for Creating Leaders and Innovators, organized the “Be a businessman 2” miniature diploma program, which targeted 16 of youth members at Sharjah youth and was presented by the consultant Hazza Ibrahiam Al Mansoori. The aim of this program is to raise the youth’s awareness on the importance of ...

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Ajman Free Zone supports AI in corporate world exhibition

Ajman / Emirates Business Ajman Free Zone was the silver sponsor at an exhibition, AI Made Real, which examined the use of artificial intelligence (AI) in the corporate world. The event attracted a wealth of businesses from the IT field, which Ajman Free Zone has marked as a key sector for attracting investment, and it provided an excellent opportunity for ...

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Abu Dhabi highlights UAE’s rich heritage at Moscow book fair

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has concluded its participation at the Moscow International Book Fair (MIBF), which took place in the Russian capital. As Russia has been chosen as the Guest of Honour for the 30th edition of Abu Dhabi International Book Fair next year, DCT Abu Dhabi used ...

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ADX, FAB to provide dividend distribution via digital wallet

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), partnered with First Abu Dhabi Bank (FAB), to distribute cash dividends to its registered investors electronically through the bank’s digital wallet, payit. The digital wallet will empower users to manage their stock exchange requirements through the “ADX Digital Wallet” powered by Payit. With payit, ADX now provides another method of distributing ...

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UAE, Estonia ‘can help other nations enter digital revolution’

Abu Dhabi / WAM The UAE and Estonia can work together to help other countries in entering the digital revolution, Estonian President Kersti Kaljulaid told Emirates News Agency (WAM), in an exclusive interview. President Kaljulaid is currently visiting the UAE along with a business delegation taking part in the 24th World Energy Congress in Abu Dhabi. “Between governments, we can work ...

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