Local News

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President To Lam of the Socialist Republic of Vietnam on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al ...

DUBAI/WAM DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong. The acquisition process is officially complete, with plans for full integration over the next few months. The combined team will put together all required resources to ensure a smooth integration process, prioritising operational continuity and delivering to ...

ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) announced today the listing of Abu Dhabi Future Energy Company PJSC – Masdar Green Bonds, with a total amount of US$1,000,000,000 in two tranches starting Tuesday 3rd September 2024. As per the pricing terms, the issue size of the first Green Bonds tranche is $500,000,000 with a fixed interest rate of 4.875 ...

DUBAI/WAM The Emirates Institute of Finance has announced the launch of Cohort 3 of the “Ethraa” programme, set to begin in September 2024 and conclude by year-end. The announcement was made during a ceremony held at the institute’s campus in Dubai. This phase of the programme is designed to train over 500 Emirati Talents who were recruited during the third ...

ABU DHABI/WAM Silal, the UAE’s leading food and technology company, has entered into an agreement to acquire a majority stake in Al Bakrawe Holding, a leading regional importer, exporter and distributor of fresh fruits and vegetables based out of the UAE. The acquisition makes Silal one of the UAE’s largest and most innovative suppliers of fresh produce. Al Bakrawe’s global ...

DUBAI/WAM Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has signed a referral partnership with Zand, the UAE’s first digital bank, aimed at enhancing and expanding financial services for fintechs and startups in the region. The partnership leverages Network’s expertise in card processing to support Zand’s objective of being a digital economic accelerator ...

ABU DHABIWAM Al Seer Marine, a frontrunner in various maritime sectors and a subsidiary of International Holding Company (IHC), has revealed a new brand identity that captures its vision to solidify its position as an undisputed leader in the maritime industry. Since its inception in 2003, Al Seer Marine has reinforced its reputation as a maritime powerhouse, establishing a robust ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday received His Excellency Abdullah Ali Al-Yahya, the Foreign Minister of the State of Kuwait. During the meeting, held at Qasr Al Shati in Abu Dhabi, His Excellency conveyed the greetings of His Highness Sheikh Meshal Al Ahmad Al Jaber Al Sabah, Emir of Kuwait, along with ...

SHARJAH/WAM The Sharjah Chamber of Commerce and Industry (SCCI) concluded the 2024 edition of Sharjah Summer Promotions yesterday, Sunday, with a grand celebration at Sahara Centre in Sharjah, marking the successful culmination of 63 days of vibrant activities organised in collaboration with the Sharjah Commerce and Tourism Development Authority (SCTDA). Held under the slogan “Get set for a summer brimming ...

SHARJAH/WAM Sharjah Airport has welcomed the first flights of Saudi airline “Flynas,” joining the list of carriers operating scheduled flights to and from Sharjah in the UAE. This contributes to expanding the international aviation network through Sharjah Airport and meets the growing number of passengers and increased air cargo movement through the high-quality and efficient services offered. This came during ...