Local News

Abu Dhabi named Arab Environment Capital for 2023

ABU DHABI / WAM Abu Dhabi has been named Arab Environment Capital for 2023 by the Secretariat General of the Arab League and the Council of Arab Environment Ministers. The organisation recognised the emirate’s achievements in environmental protection and climate action over several years, led by Environment Agency – Abu Dhabi (EAD). HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s ...

Read More »

Green Metal Industries to set up $100m facility in Kezad

  ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Green Metal Industries on Wednesday announced the signing of an agreement for the establishment of a new special steel recycling and production facility in Kezad. To be developed with an investment of AED367 million ($100 million), ...

Read More »

Dewa’s Moro Hub presents Green Certificate to Supreme Legislation Committee

DUBAI / WAM Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to the Supreme Legislation Committee (SLC). The Green Certificate was presented to Ahmad Saeed bin Meshar Al Muhairi, General Secretary of the Supreme Legislation Committee in the Emirate of Dubai by Eng. Marwan Bin Haidar, Vice ...

Read More »

UAE central bank announces M-Bills auction on April 1

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced an auction of Monetary Bills (M-Bills) on April 1. The auction includes four issues of M-Bills Treasury bonds. The first issue for 28 days will be up to AED3,500 million, the second for 84 days for up to AED4,500 million, the third for 168 days for up to ...

Read More »

Adib leads closure of AED863m sharia compliant transaction

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) announced the successful closure of a sharia compliant syndicated transaction totalling AED865 million (USD 235 million) for BGN and Al Seer Marine to finance new and energy-efficient gas carriers. This financing marks the second tranche of a larger syndication amounting to US$370 million, which will be used to finance the construction ...

Read More »

Gold flat as dollar firms, investors seek more Fed cues

  WORLD CAPITALS / WAM Gold prices were flat in range-bound trade on Wednesday as the dollar ticked higher, with cautious investors awaiting more cues on the US Federal Reserve’s monetary policy direction, Reuters said. Spot gold was steady at $2,179.33 per ounce, as of 0747 GMT. Also, US gold futures were little changed at $2,178.50. Spot silver was flat ...

Read More »

Asian shares are mixed after Wall Street retreats from all-time highs

  BANGKOK / WAM Asian shares were mixed on Wednesday after Wall Street slipped a bit further from its record highs, Associated Press (AP) reported. Oil prices fell while US futures edged higher. Chinese shares slipped even as China’s central bank governor told a high-level business conference in Beijing that property industry was showing signs of recovery. Hong Kong’s Hang ...

Read More »

Abdullah bin Zayed meets Czech Prime Minister in Prague

PRAGUE/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met with Petr Fiala, Prime Minister of the Czech Republic, during His Highness’ working visit to Prague. Prime Minister Fiala welcomed the visit of the UAE Top Diplomat as the two sides discussed the bilateral relations between the two nations, and ways to further enhance cooperation in a ...

Read More »
Send this to a friend