Local News

Backed up UAE armed forces, coalition jets pound Houthi locations, killing 30 militias

YEMEN / WAM Backed by the UAE Armed Forces, the fighter jets and artillery of the Saudi -led Arab Coalition in Yemen have targeted Iran-backed Houthi militias’ locations and assemblies in the Tahita, Al-Barrah and Al-Madman districts which resulted in the destruction of their military reinforcements and equipment and the killing of a number of militias amid large collapse and ...

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Coalition fighters target Houthi sites in Yemen

YEMEN / WAM Forces of the Arab Coalition led by Saudi Arabia have achieved new successes in fighting with the Houthi militia on Yemen’s Red Sea coast north of Hayes and in the eastern areas of Al Mashrai and Al Madman. Following assaults by Coalition fighters and artillery, Houthi militia lines collapsed, with their forces fleeing the front, leaving behind ...

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ERC continues distribution of iftar meals in Yemen’s Mudiyah

Abyan / WAM The Emirates Red Crescent (ERC), continues to distribute Ramadan iftar meals in the Abyan governorate with the support of HHSheikha Latifa bint Mohammed bin Rashid Al Maktoum, wife of HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah. The ERC distributed Ramadan iftar meals in Zanzibar and Khanfar districts and started the distribution ...

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Dubai Customs, Friends of Cancer Patients sign agreement

Dubai / WAM The Director of Dubai Customs, Ahmed Mahboob Musabih, and the Chairperson of Friends of Cancer Patients Society (FoCP), Sawsan Jafar, have signed a strategic agreement on Sunday. The agreement will see Dubai Customs support the FoCP’s efforts and activities including awareness campaigns and donations. Commenting on the signing, Musabih said, “We are happy to have signed this ...

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UBF launches financial literacy handbook for SMEs

Dubai / Emirates Business In view of financial literacy’s critical role in the success of an economy and sustainable development of a society, the UAE Banks Federation (UBF), has stepped up its efforts to increase the level financial awareness in the country. For organizations, financial knowledge is the foundation for long-term growth as understanding business finance enables companies and business ...

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Abu Dhabi Ports unveils its own blockchain tech

Abu Dhabi / WAM Maqta Gateway, an Abu Dhabi Ports subsidiary, is the first Abu Dhabi entity to develop and launch its own blockchain technology, named Silsal. It will combine blockchain technology and unique digital user identities to provide a seamless and secure link between stakeholders across the trade community. Blockchain technology acts as an open digital ledger that can ...

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New business licences in Ajman Free Zone up 28%

AJMAN / WAM The strategic and dynamic location of the Ajman Free Zone (AFZ) plays a significant role in driving the commercial and industrial sectors in the emirate, in particular, and in the UAE, in general, with the AFZ management stepping up efforts to maintain its investment-conducive environment as a leading business hub in the region. The number of companies ...

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DME sets open interest record of 69.2mn barrels of crude oil

DUBAI / WAM Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, reported a new exchange-wide open interest record of 69,183 lots on May 31. This total is equivalent to almost 69.2 million barrels of crude oil. The latest figure surpasses the previous open interest record of 68,470 lots, which was set on ...

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