Local News

ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has received His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, on Wednesday at Al Bateen Palace, where ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) received an upgrade to its Baseline Credit Assessment (BCA) from Moody’s as the ratings agency affirmed Adib’s credit ratings, indicating continued stability and improvement in the bank’s financial health. The upgrade in Adib’s BCA is attributed to the bank’s improved profitability, driven by higher margins and diversified revenue streams. Adib recorded ...

DUBAI / WAM Digital Dubai launched on Wednesday an integrated set of digital services designed for facilitating charity and humanitarian work via the “DubaiNow” application, the city’s one-stop-shop mobile application that allows anyone to access over 250 government and private sector services. It enables users to donate to the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid ...

ABU DHABI / WAM Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1 trillion in 2023, has announced that it is joining the UAE’s #NextGenFDI initiative for digitally-enabled businesses as it opens a new subsidiary, Capital Com MENA Securities Trading LLC (Capital Com MENA), based in the UAE. The new entity will be the operating ...

SHARJAH / WAM BEEAH, the region’s pioneer in leveraging Artificial Intelligence (AI) to advance sustainability efforts, is taking another leap forward by developing a new “AI Executive” to revolutionise business decision-making. The AI Executive underscores BEEAH’s commitment to driving agility, efficiency and data-driven operations. The company has revealed that its “AI Executive” is being developed on a proprietary Language Learning ...

ABU DHABI / WAM The United Arab Emirates distributed food supplies to assist thousands of people impacted by the heavy rainfall in Davao de Oro Province in the southern Philippines, which led to floods and a landslide in the Elizalde district, resulting in dozens of deaths, injuries, and missing persons, as well as substantial property damage. Mohamed Obaid Alqataam Alzaabi, ...

GENEVA / WAM The Union Association for Human Rights (UAHR) has commended UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan as a leader and role model for promoting peace and coexistence worldwide. It also noted His Highness’ role in advancing the UAE’s efforts to promote principles of human fraternity globally, solidifying its position as a leading hub for ...

BEIJING / WAM China on Wednesday launched a Long March-2D carrier rocket, placing a remote sensing satellite in space. According to China Central Television, the rocket was launched at 6:56 am (Beijing Time) from the Xichang Satellite Launch Centre in the southwestern province of Sichuan, successfully placing the Yaogan-42 01 satellite into its designated orbit. It was the 515th flight ...

DUBAI / WAM DXB LIVE, the experiential agency of Dubai World Trade Centre (DWTC), recorded significant growth in 2023, doubling its business against the previous year with 100 percent growth over a 12-month period. Throughout the year, the agency provided its services to 500 prominent events, spanning exhibitions, conferences, festivals, public and entertainment events, graduation ceremonies, sporting and artistic events ...

NEW YORK / WAM US stock index futures edged lower on Wednesday as jittery investors awaited economic data and comments from Federal Reserve Chair Jerome Powell after strong readings on the US economy tempered bets on interest rate cuts this year, Reuters reported. The tech-heavy Nasdaq and the blue-chip Dow closed at two-week lows on Tuesday as Treasury yields rose ...